Online Training:- Best Practice in Inventory Management by Devindran A/L Raju
Date: 8 September 2021 (Wednesday)
Time: Total 7 Hours:- Session 1 (Wednesday): 9:00am to 1:00pm Session 2 (Wednesday): 2:00pm to 5:00pm
Venue: ON LINE TRAINING
Introduction:
Inventory is an idle stock of physical goods or materials that contain economic value, and are held in various forms by an organization in its custody awaiting packing, processing, transformation, use or sale in a future point of time. Inventory management is a very important function that determines the health of the supply chain as well as the impacts the financial health of the balance sheet.

Every organization constantly strives to maintain optimum inventory to be able to meet its requirements and avoid over or under inventory that can impact the financial figures. Inventory is always dynamic. Inventory management requires constant and careful evaluation of external and internal factors and control through planning and review.

This training is suitable for staff of all grades that require knowledge and skills in Inventory Control and Management.
Objectives:
1. Understand the use of inventory throughout the supply chain
2. State the objectives of inventory management and list their impact on cost and customer service
3. Compute the optimum ordering quantity and determine safety stocks and reorder points
4. Schedule stock counts, improve inventory record accuracy, and find ways to reduce inventories
5. Identify techniques to reduce inventory cost
Program Content:
Module 1: Inventory Overview 
1.1 Function & Objectives of Inventory Management
1.2 Carrying Cost, FIFO
1.3 Methods to Manage the level of Stock

Module 2: Inventory Control
2.1 Stock Taking
2.2 Discrepancies & Rectifications
2.3 Inventory Inefficiency Factors

Module 3: Inventory Cost
3.1 Factors Affecting Inventory Operations
3.2 Disposal & Write Off
3.3 Techniques to reduce Inventory Cost

Module 4: Case Study & Group work

Methodology:
Lectures
Presentation
Group discussions/interactions

Who Must Attend:
1. Procurement, Logistics, Sales, Planning Managers
2. Procurement, Logistics, Sales, Planning Executives/Officers/Supervisors
3. Procurement, Logistics, Sales, Planning Team Leaders and Clerical staff

Investment Fees:
RM954.00 (Including 6.00% Service Tax) per participant (Standard Fee)
RM742.00 (Including 6.00% Service Tax) per participant (Early Bird Fee, register by 03 September 2021)

Group incentive: Register 3 participants from the same organization, the 4th participant is FREE. (Buy 3 Get 1 Free)
Registration:
There are 3 methods to register for this training:
  1. Kindly click here for online registration. Register Now.
  2. Kindly download this registration form, and fill up all the particulars. Please fax back to +6-03-6270-9993. Click here to download Registration Form (177KB).
  3. Call us to register. Tel: +6-03-6270-9883.
Notes:
This Training Programme is SBL-Khas Claimable *Subject to PSMB conditions.

Pembangunan Sumber Manusia Berhad (PSMB)We Are An Approved Training Provider Under SBL-Khas With Pembangunan Sumber Manusia Berhad (PSMB/HRD Corp)