Purchasing and Inventory Control

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Course Objectives

  • Develop the understanding of the importance of the purchase function and how it impacts the business as a whole
  • Improve their decision making skills in general and increase productivity and achieve savings through effective purchasing & Cost reduction techniques
  • Take decisions effectively as to how much quantity to order, when to order and why only that quantity to order
  • Understand the various qualities that a good negotiator should possess
  • Get hands on experience of success and failure of the negotiations
  • Understand the role of maintaining the inventory and how to release the working capital by holding a lean inventory
  • Learn How to categorise the material and thereby improve the efficiency of the purchase and stores department
  • Be able to take scientific decision on how to much quantity to order when suppliers gives various price discounts
  • Manage Inventory scientifically by measuring KPI, establishing safety stock and reorder point
  • Be able to take scientific decision on how to quantity to keep in warehouse thereby avoiding excess quantity or inadequate stock
  • How to measure the performance of the purchase function as a whole.

Target Audience

Purchasing Managers, Purchasing Executives and Purchasing Officers and Supply Chain professionals

Methodology

This stimulating program will maximize understanding and learning through Interactive lectures, course notes, individual & group exercises

Course Modules

Module1: Overview of purchasing function
Module 2: Concept of Economic Order Quantity (EOQ)
Module 3: Negotiation for Results
Module 4: Supplier Selection and Evaluation
Module 5: Materials Management
Module 6: Inventory Management
Module 7: Operations/Inventory Excellence

Get To Know The Trainer

Trainer Nakulan

 

Nakulan, a Fellow of Certified Chartered Accountant, UK is a Principal Consultant with SM Advisory Services responsible for Finance Transformation and Supply Chain Management solutions. Nakulan is a talented professional with over 35 years of progressive accomplishments leading Finance, Sales and Supply Chain and project management initiatives for major businesses.

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COURSE INCLUDES

COURSE BENEFITS

ALL IN FROM ONLY

RM3,335/DAY

RRP RM4,765/DAY   SAVE RM1,430

*T&C Applies

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