Seminar - Effective Store Keeping & Inventory Control September 15, 2008

This seminar is intended For - Stores staff and supervisors, Stores and Warehouse managers and supervisors, Stock controllers, Material Controllers, Inventory Control Officers, Finance Officers & entrepreneurs. Course Contents - Principles of Storekeeping, Stores Layout & Facilities, Modern Storage and Warehousing Practices, Automated Storage & Retrieval Systems, Automated Identification Systems. Processing & Clearance of stores documentation. Financial Aspects - Accounting Systems, Depreciation and Budgets, Cost of Holding Stock. Material Identification Systems, Codification, Standardization and Variety Reduction. Physical stock-taking and stock verification, Cycle Counting Systems. Inventory Control, Concepts & Techniques, ABC / HML / SDE / GOLF / SOS / VED / XYZ / FSN Analysis, Cost - Criticality Analysis, Movement Analysis, MUSIC-3D. Economic Order Quantity (EOQ), Economic Purchase Quantity (EPQ) and Economic Receipt Quantity (ERQ) & Re - Order Levels (ROL) Determination, Safety Stock & Reserve Stock. Zero Inventory and Just - In - Time Inventory System, Push/ Pull Inventory, Vendor Managed Inventory. Spare - parts Control, Ordinary, Emergency / Insurance spares, Practical hints for spare - parts management. Investment Recovery: Scrap, Surplus and Obsolete stores disposal. Materials Handling & Logistics, 3PL and 4PL services. Computers in Stores and Inventory Control: MRP, ERP, RFID, Electronic Article Surveillance. Best Practices in Indian & International Companies. Faculty - Ashok Sharma, B Tech, MBA, FIMA, MIMC. Organized by Indian Academy of Management, Mumbai.