Stock is the largest asset in many companies, so everyone in an organization needs to share a common understanding of how to effectively manage material and control stock. This comprehensive 5-day course explains the newest concepts and strategies and methods of materials storing and their classification. The participant will learn how to control material in the warehouse, warehouse operating procedures, when to order product and how much to order.
- Buyers, purchasing agents and purchasing directors.
- Stock control managers and warehouse managers.
- Materials managers.
To enhance the participants’ knowledge, skills, and abilities necessary to understand how to achieve effective material management.
By the end of the course, participants will be able to:
- Define material Management.
- Understand different problems facing material management.
- Understand the necessary measures and course of action necessary to eliminate the defects side by side with the optimal solution of such problems.
- Manage inventory.
- Manage warehouse and stores.
- Manage and control resources.
- Material Management: Introduction
- Supply/Production/ Distribution System.
- Meaning of material management.
- Inventory Management
- The aggregate approach.
- Inventory functions and types.
- Inventory and material flow.
- Supply and demand pattern.
- Inventory Control.
- The ABC concept.
- 80/02analysis.
- Dependent and independent demand.
- The EOQ concept. – Types of control systems.
- Cyclical/fixed order interval system.
- Flow control system.
- Just-In-Time (JIT) inventory system.
- Material Requirements Planning (MRP) inventory system.
- Order point/fixed order quantity systems
- Two-bin system.
- 5S Methodology.
- Warehouse and Stores Management
- Responsibilities of receiving and stores.
- Receiving procedures and control.
- Bar coding.
- Identification systems – External systems – Internal systems
- Stores systems and procedures
- Closed system.
- Open system.
- Random-access storage system.
- Storage methods and equipment.
- Automated storage and retrieval system.
- Layout and organization.
- Management and Control of Resources
- All types of resources, including handling systems, and fixed equipment
- Personnel
- Training and developing.
- Health and Safety Matters.
