Objectives
The objective of the course is
- the basic Materials Management functions involving Material Planning, Inventory Control, Purchase procedures and Stores Management.
- To appraise the participants on the various aspects and importance of the Material Management functions for better working capital management and productivity
Outlines
- Introduction and objective
- Organization for material functions
- Stores organization
- Functions of store keeping
- Principles of good stores layout
- Material handling equipment
- Receipt, inspection and stocking of materials
- Material planning and budgeting
- Codification and standardization
- Value analysis
- Classification of Inventory
- ABC analysis
- Economic Order Quantity
- Purchase procedures
- Ordering system
- Sub-contracting
Who Should Attend
- Middle level executives involved in the operation, planning, material management and finance functions in any type of organization