Live Virtual Training (Most Popular!) > Inventory Logistic Management (Online Training)

Inventory Logistic Management (Online Training)

Course Objectives

This training session is designed to provide participants with a thorough understanding of the knowledge, skills and competency required to plan and control the materials at the workplace. It is also important to plan the right amount of materials so as to reduce the inventory holding cost and also to provide adequate theft preventive measures.

After training, participants will be in a position to apply their new skills directly to their everyday working environment

Target Audience

Materials Planner, Store & Warehouse personnel, Accounts & Purchasing and all those who wish to know about Materials Management

Methodology

This Live Online / Virtual Training session will be conducted via a Live Streaming Platform in which the trainer will use interactive lecture and slide presentation to cover the modules stated below.

Course Modules

Module 1: An Overview Of Material & Inventory Management
– What is Material & Inventory Logistic Management all about?
– The Roles, Responsibilities and Functions of Material & Inventory planning & control.
– Meeting the Manager and Management’s expectation
Module 2 : Importance Of Materials Management
– Know the Benefits of Material & Inventory control
– What is the Central Role of Materials in an Organization
– See how The Impact of Inventory affects on profitably
Module 3 : Materials Planning & Control
– What are the problems associated with low & high inventories.
– Use the EOQ model to off set the high ordering costs.
– How to determine an ideal inventory level
Module 4 : Effective Materials Control
– Discuss And Identify Effective Inventory Policy, Procedures and Control.
– Avoid Out-of-Stock situation – to reduce Production Downtime and Minimize Disruptions
– Practical Resolution of Overstock Situation and take Preventive Actions.
Module 5 : Inventory Control Technique And Strategy
– The ‘Single’ And ‘Double’ Bin System – comparing different Inventory System.
– Establish Minimum and Maximum Inventory level – Define Stock Efficiency Level
– Determine the RIGHT inventory level for your Company!

Get To Know The Trainer

Trainer Raymond

4.5

Raymond has extensive corporate and academic experience in bringing people together for better performance. His people-centered principles has brought practical results with suppliers and helps to fosters cooperation to get difficult supplies with the right price, right delivery and right service required by the organization.

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