Introduction
Procurement and Inventory management plays an important role in the profitability and success of every business. The way the purchasing function is managed and run will greatly influence any company’s bottom line. This course aims to provide purchasing personnel, as well as people who need to purchase big or small ticket items in their work, with the knowledge to be efficient, effective and ultimately to purchase materials and services at the best prices without sacrificing quality and service. It highlights on how purchasing personnel can help to increase productivity and achieve cost savings through effective purchasing.
Duration
10 Days
Target audience
This is intended for procurement managers, executives, supervisors, officers, and engineers from departments such as production, engineering, finance/accounts, sales, QA, R&D.
Course Objectives
At the end of this IRES training course, you will learn how to:
Course Outline
Module 1
Warehouse/Stores Management
Warehouse Organization
Requisitions and Replenishment of Materials
Performance Evaluation of Stores Activities
Module 2
ISO Standards and Warehouse Activities
Warehouse Location, Layout, and Facilities Planning
Warehouse Security, Safety, and Maintenance
Module 3 Inventory Control
Inventory Classification and Strategies
Codification and Standardization
Module 4
Inventory Control Model
Inventory Control Techniques
Module 5
Effective Management of Inventory
Valuation of Inventory
Module 6
Definition of Procurement
Module 7
Negotiation In Procurement
Module 8
Cost reduction process
Module 9
Suppliers cost reduction responsibilities
Module 10
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