Course Details

This course is appropriate for a wide range of professionals but not limited to:

• Supply Chain Professionals
• Warehouse Managers
• Procurement Staff
• Inventory Controllers
• Operations Personnel

• Expert-led sessions with dynamic visual aids 
• Comprehensive course manual to support practical application and reinforcement 
• Interactive discussions addressing participants’ real-world projects and challenges 
• Insightful case studies and proven best practices to enhance learning

By the end of this course, participants should be able to:

• Optimize inventory and materials management in the organization with tools, techniques, and best practices.

DAY 1

Fundamentals of Inventory and Materials Management

• Pre-test
• Introduction to Supply Chain and Inventory Management
• Objectives and Importance of Inventory Management
• Types of Inventory (Raw materials, WIP, Finished goods, MRO)
• Inventory Costs (Ordering, Holding, Stockout, Obsolescence)
• Materials Management vs Inventory Management
• Role of Inventory in Customer Service and Operational Efficiency
• Case Study
• Quiz

DAY 2

Inventory Planning and Control Techniques

• Demand Forecasting (Qualitative & Quantitative Techniques)
• Economic Order Quantity (EOQ) & Reorder Point (ROP)
• Safety Stock Calculation
• ABC, VED, and FSN Analysis
• Just-in-Time (JIT) and Lean Inventory Concepts
• Cycle Counting vs Physical Inventory
• Case Study
• Quiz

DAY 3

Materials Management and Procurement Interface

• Material Requirement Planning (MRP)
• Bill of Materials (BOM) and Lead Times
• Vendor Managed Inventory (VMI)
• Supplier Relationship Management (SRM)
• Purchasing Strategies (Centralized vs Decentralized)
• Inventory Documentation and Record Keeping
• Case Study
• Quiz

DAY 4

Warehouse, Storage, and Technology Integration

• Warehouse Design and Layout Principles
• Inventory Storage Methods (FIFO, LIFO, FEFO)
• Inventory Tracking Tools: Barcoding, RFID, ERP Systems
• Technology in Inventory Management (WMS, ERP, IoT)
• Inventory Accuracy and Data Integrity
• Safety and Compliance in Materials Handling
• Case Study
• Quiz

DAY 5

Performance, Optimization & Risk Management

• KPIs in Inventory and Materials Management
• Inventory Turnover Ratio, Fill Rate, Stockout Rate
• Root Cause Analysis for Inventory Issues
• Continuous Improvement (Kaizen, Six Sigma)
• Risk Management in Inventory (Obsolescence, Theft, Forecast Errors)
• Sustainability and Green Inventory Practices
• Group presentation: Inventory optimization project
• Course review and action plan for participants
• Post-test