Cuesys Infotech :: Consulting | Corporate Training

By attending Inventory Management workshop, Participants will:

Understand the role of maintaining the inventory and how to release the working capital by holding a lean inventory
Learn how to categorize the material and thereby improve the efficiency of the purchase and stores department
Be able to take scientific decision on how much quantity to order when suppliers gives various price discounts
Be able to take scientific decision on how to quantity on how much to keep in warehouse thereby avoiding excess quantity or inadequate stock
How to measure the performance of the purchase function as a whole

All organization need to maintain inventory in various forms like raw materials, work in progress (WIP) and finished products. However, maintaining inventory at optimum level is a perennial challenge. On the one hand there is risk of stock out and on the other building-up excess inventory. Hence, maintaining inventory at optimum level is essential for business organization which can lead to additional profits.