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Inventory & Stores Management


Event Details

Inventory & Stores Management


One of the methods employed in Improving Quality and Reducing Cycle Time & Cost is “Eliminate the Unnecessary and simplify the necessary”. Stores Department & its people can contribute significantly to ensure above. The workshop will build upon the base models of inventory management and develop multi-echelon inventory optimization technique.

Stores personnel play an important Role in “Flow synchronization leading to cycle time” as well as “Making Stores space available for value added work”. Store is the custodian of Inventory and a single item mismatch / loss directly affects production plan & delivery schedule. Stores can contribute to profit if it operates effectively with Modern Trends.

On completion of this course, delegates will be able to better understand:
 The role of inventory and stores management within the supply chain
 The fundamentals of an efficient stock control system
 How to manage, store and supply materials and inventories
 The requirements to run an efficient and effective stores operation

Course Outline

Inventory Management:
• Introduction
• Why inventory control?
• How to install inventory control system?
• ABC/ VED/FSN analysis
• Economic lot size
• EOQ in practice
• Replenishment systems
• Modern trends

Stores Management:
• Introduction
• Functions of scientific stores management
• Types of stores
• Benefits of scientific stores keeping
• Typical Store layout
• Preservation of stores
• Security of stores
• Procedures for receiving & issuing of materials
• Stock taking
• Modern trends

Who should attend?

This workshop will benefit executives, managers operating in the manufacturing, retail, and distribution and services industries, specifically with the following job responsibilities:
• Stores Management
• Warehouse Management
• Logistics
• Operations
• Dispatch & Receiving
• Order & Fulfillment
• Stock Control
• Supply Chain Management
• Distribution
• Materials Management
• Freight Management
• Inventory Management
• Manufacturing

Medium: English, Hindi & Marathi
Fees and Registration:

Investment (Donation): Rs. 3400/- + Service Tax 15% per person.
Incentive: Rs. 3200/- + Service Tax 15% per person for a group of Three or more Members from the same Organization.

Fees include participation, course material (Hard copies), Breakfast, Lunch and tea / coffee.

Registration Process

Kindly provide below details through mail.
• Name of the workshop:
• Name of the participants:
• Company Name and address:
• Contact details of Participants (Email ID & Number)

Venue of the program is subject to change based on the number of nominations.

You can also call us on 8308459802 (Ms. Anushree).

Payments Details

The participation fee can be paid by way of DD/Cheque drawn in favour of “Indian Institute of Training & Development” payable at Pune or through NEFT.

NEFT/Bank Transfer details ‘Indian Institute of Training & Development’
Bank Name: Bank of India
Current Account No: 052320110000336
ISFC Code BKID0000523
Branch Kothrud (Gujarat Colony),Paud Road, Pune 411029
Service Tax No. BDNPK3328J SD001


Certificate of Participation would be provided to all the participants.

We have many more new, exciting & innovative programs to share with you.
We look forward to your active participation and nominations.

With warm regards,

Rajiv Kolhe
Indian Institute of Training & Development (IITD)

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