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Stock Control and Materials Management
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

Duration

5 Days

Start Date End Date Country City

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