Effective Inventory Management

TQCSI Pakistan is providing management systems Certification Services under the license agreement of TQCS International, an Australian based International Certification Registrar for ISO 9001 Quality Management System, ISO 14001 Environmental Management System, ISO 22000 Food Safety Management System, HACCP Food Safety System, OHSAS Occupational Health & Safety Management System etc., TQCSI Pakistan is providing Lead Auditor, Internal Auditing, Awareness & Documentation Training on various Management Systems. TQCSI Pakistan also organize various Courses on different Management Topics.

Benefits of Effective Inventory Management

• Reduction in financial and carrying cost by not keeping High Inventory level.
• Reduction in Production Loss by in time availability of inventory.
• Savings by proper handling, stacking and maintaining shelf life of inventory at all stages of inventory flow.
• Saving by maintaining economical quantity levels and orders of inventory.
• Improvement in decision making by adequate record maintenance and accurate & timely reporting.

Who Should Attend
This Course is designed for:

• Personnel of Stores, Costing, Finance, logistics, Planning & Budgeting
• Middle / Junior Management
• All personnel directly or indirectly related to Inventory Management
• Personnel who wish to pursue a carrier in the field of Supply Chain Management
• Students (Graduate, post-graduate) who are going to start their professional carrier

Learning Objective
By the end of the course delegate will be able to:

• Understand definition, terms, scope and importance of Inventory and its Effective  Management
• Recognize place of “Inventory” in the Total Business cycle
• Identify interaction of “Inventory”   with “Supply Chain Management”
• Comprehend “Inventory planning”
• Know “Inventory Ordering Process” with different Models
• Manage “Inventory & its data” in Manual, Computerized and ERP environment
• Value “Effective Inventory Management” in the profitability of the Organization
• Assess “Critical/ Regular” Inventory items in relation to Inventory Movement thereby avoiding stock shorts and ensure effective continuous production operations

Course Techniques
This highly participative course is a practically based series of sessions using tutorials, case studies, interactive workshops, individual exercises, group activities and open forum discussions culminating with an examination

Key Contents
This One month course provides  understanding & knowledge of Effective Inventory Management.

• Understanding of “Effective Inventory Management” with Tools for implementation and improvement of the existing System in delegate’s organization
• Inventory Management Tools and Skills
• Inventory Management Methods including Policies, Procedures, Process flow Charts and Records.
• Activities of different departments involve in Effective Inventory Management
• Team Leading