Inventory Management
Scope
It is of interest to examine the operational and strategic issues of Supply Chain & the role of inventory management in improving the competitiveness of Organization. Professionals should be able to explain & bring about a change in the most important practical aspects associated with Supply & Inventory management. Efficient management of inventory, wherever it accumulates, is an essential part of the reduction of an company’s working capital requirements.
Benefits
- Recognize the importance of supply chain process and their role in the efficient and effective organizational performance.
- Describe what inventory management is and the reasons why it is important to manage its inventory.
- Describe the impact of inventory on the financial health.
- Describe the main issues and approaches to reducing inventory levels ∙ Develop Supply Strategy to manage Supplier Relationships.
Course Methodology:
- Presentations through Audio – Video
- Games
- Case Studies
- Discussion
- Role Play / Activities
- Desk Top Exercise
- Learning by Doing
Supply Chain Management
- Scope
Supply Chain Management includes managing supply and demand, sourcing raw materials and parts, manufacturing and assembly, warehousing and inventory tracking, order entry and order management, distribution across all channels, and delivery to the customer.
Benefits:
- Better collaboration with suppliers.
- Better quality control.
- Shipping optimization.
- Reduced inventory and overhead costs.
- Improved risk mitigation.
- Stronger cash flow.
- A more agile business.
- Better visibility and data analytics.
Course Methodology:
- Presentations through Audio – Video
- Games
- Case Studies
- Discussion
- Role Play / Activities
- Desk Top Exercise
- Learning by Doing