Introduction
Material Management is a scientific technique, concerned with Planning, Organizing &Control of flow of Materials, from their initial purchase to destination. In the earlier years, Materials Management was treated as a Cost Centre, since Purchasing Department was spending money on materials while Store was holding huge inventory of materials, blocking money and space. Subsequently with the process of liberalization and opening up of global economy, there has been a drastic change in the business environment, resulting in manufacturing organizations exposed to intense competition in the market place. Manufacturers worldwide have been working out various strategies to face the above challenges and to cut down manufacturing costs to remain competitive.
Contents of Training:
Introduction to program & learning objective
Definition and aim of Material Management
Four basic needs of Material Management
Material Procurement Process
Make or Bye decision
Material Management and Profitability
Material Management and Transportation
Material Requirement Planning
Bill of Material (BOM)
Distribution Management
Materials Handling and Equipment
Introduction to inventory and related issues
Demand Management
Inventory Replenishment
Lead time Management
The 80/20 rule (ABC analysis)
Inventory Turnover
SKU level Inventory
Inventory and Insurance
MRO Inventory
Inventory checking
Introduction to program & learning objective
Incoterms, TCO, RFQ, RFP, RFI, Outsourcing
Receipt and Issue of Inventory
Inventory Valuation
Green concept in Material, Inventory and Store Management
How to chose Store/Warehouse location
Store/Warehouse Layout
Types of Warehouse
Warehouse: Picking, Packing and Shipping
5S in Warehouse and Plant Management
Safety at Warehouse and related issues
Warehouse Design and its Parameters
Warehousing Activities
Distribution- Key Concept
Types of Classification of Items
Distribution Channel and Related Issues
Channel Functions
Channel Formats
Wholesaling
Retailing
Franchise
Warehouse and Stocktaking
Distribution and Transportation
Transportation: Economics of Vehicle
Safety at Warehouse and related issues
Material Management and Profitability
Learning check
Case Studies
Glossary
Question-Answer Session
Wrap up of the day
Certificate distribution
Trainer:
A.F.M Sadequl Islam
GM, Materials Management, Meghna Executive holdings
Previously worked as GM, MM, Windy group,
He also has vast experience in senior position of SCM,materials management at •Aman group, • Epyllion group, • Azim group,
•Beximco and •Abul Khair group