Fundamental Of Procurement, Logistics And Inventory Management
Fundamental of Procurement, Logistics, and Inventory Management Training in Nepal
Fundamental Of Procurement, Logistics and Inventory Management are critical for the effective management of obtaining and the supply chain to enable the efficient delivery of superior customer service. Fundamental Of Procurement training program will enhance employers/employees’ store/inventory managerial skill by making aware about how to carry an organization’s store management and inventory control tasks effectively and professionally. Procurement, Logistics and Inventory employers/employees should have full visibility of the tasks and stages in the process. He/she should be able to plan the inventory levels and enable the management with the required data to make better decisions in managing inventory.
Objectives:
After the completion of Fundamental Of Procurement training, trainees will accomplish the following objectives;
- Complete understanding of Procurement, sourcing and process.
- Equip with the application know-how including latest developments in stores and inventory management.
- Familiarize with various concepts of Stores and Inventory Management including Physical inventory checks, priorities and role in business consolidation
- Evaluate procedures, change and improve methods wasteful activities and excess costs.
- Apply the acquired techniques and essential tools for the effective management of store and inventory.
- Cost optimization through the proficient procurement process and inventory control.
- Understanding of logistics optimization.
Who should attend?
- Materials, logistics and production directors/managers
- Logistics Personnel
- Purchase and Procurement Personnel
- Production controllers, Schedulers
- Material and inventory planners
- Stores and finance personnel
CONTENTS
Day 1: Procurement
- What is procurement
- The Role of Procurement & Sourcing in a Supply Chain
- Type of procurement
- Procurement Cycle
- The procurement Process
- Supplier Selection & Assessment
- Supplier Research and market Analysis
- Negotiation, style method tactics
- Q & A
Day 2: Procurement & Inventory
- Store and Inventory management
- What is the store?
- What is the Relation Between Store and Inventory
- What does Inventory mean?
- Complete definition and in-depth knowledge of Inventory
- Inventory Purpose
- Why Inventory is required
- Why Inventory is so important to the Organization
- Inventory Classification
- Complete Inventory Kind and their Details (ABC and FSN)
- Q & A
Day 3: Inventory Transformation
- How Inventory Get transform in a different form
- What are those forms?
- How the Inventory Moves? (Lead Time, Transit Time)
- Inventory Flow Chart
- Within Storage Inventory Flow Chart( Received, GRN, Put away, Picking, Inventory Issue, Dispatch)
- Inventory Control and its Method
- Inventory Control Method and its importance
- Complete Inventory Control and their Explanation
- Q & A
Day 4: Inventory Level Fixation
- What is Inventory Level?
- How do we fix it?
- Inventory Level Function (Safety Stock, Re-order Level, Min Level, Max level)
- Inventory Valuation
- Inventory for costing and Accounting Purpose (Landed Cost, Material Acquisition Cost, Valuation- FIFO, LIFO, Weightage valuation)
Day 5: Inventory Accuracy
- Method to have Inventory Accuracy (Cycle count, perpetual Inventory, W2W count, Bin Card maintenance, stock and store Ledger Maintenance, System Stock maintenance, ABC analysis, FSN analysis)
- Inventory and IT
- Inventory and Information Technology
- Inventory upkeeping
- Store/Warehouse and HSSE
- Q/A Hour
About Trainer’s
As you know Frontline is a renowned name in conducting training and it’s known to enhance career and harness knowledge. We make every endeavour to arrange professional pioneer of their field and master of the subject. One of them is Mr Anuj Kumar Gehlot, he is MBA (MM), Black Belt, Green Belt, PPC, ISO9001 Supply Chain Professional. He has conducted a number of training for Nepal, conglomerates, and corporates on Frontline board exclusively.
Training Details:
Date: 8 July 2020
Venue: Google meet/ Zoom (Live session)
Schedule: 10 hours training (3 P.M to 5 P.M)
Registration Fees: Rs. 4000 (Excluding VAT)
Available discount:
- More than 3 participants, 5% discount
- More than 5 participants, 10% discount
- More than 10 participants, 20% discount
