Logistics and Inventory Management

The key to successfully managing logistics comes from a well thought out strategy on how companies will reach the consumer base. Logistics & Inventory Management is a very critical supporting function on how these activities will be executed. Recent stud ies show that nearly 50% of businesses surveyed continue to see logistics as a nonstrategic business function, while the other 50% are investing in developing logistics as a competitive advantage.

High consumer demand and increasing service level standards are forcing many companies to re-evaluate their core competencies and refocus their resources on servicing the end consumer at a higher degree. This means having the right amount of inventory in the right place at the right time to continuously fulfill your customer’s demand; which puts a tremendous amount of pressure on the logistics network to carry out these tasks each day.

To make the logistics and inventory management functions more agile while maintaining stability, companies often struggle with a common challenge: Where do we start, how do we know we are making the right decisions, and how will we know it worked?

Thus, this training programme is focusing on these two concepts together to provide smoothness in physical material flow in e ntire supply chain, and setting a smart logistics and inventory management system in the chain.

 

Programme Objective

This programme would assist participants:

  • To understand warehouse management fundamentals including ownership, number, size, stocking, and location, that is, what type, organization, how many, what size, what products, and where?
  • To understand trade-off framework between more or less no. of warehouses
  • To understand recent developments in warehouse management system, AS/RS, RFID
  • To understand inventory optimization tools and models
  • To understand inventory planning through effective demand forecasting

Who should Attend

This programme is recommended for executives, managers, planners and analysts who are seeking the best pract ical ideas in improving
warehouse performance and inventory management for their organization.

Registration & Fees

Participants should be nominated by their organizations. The enclosed nomination form should be completed and returned with all the
details. The fee of the program is Rs. 37,500/- (Rupees Thirty Seven Thousand Five Hundred only) per participant which includes a
professional fee and all charges for lodging and boarding and supply of course materials. GST as applicable will be charged extra in
addition to the programme fee. Payment should be made by Cheque/NEFT/RTGS.

Discount Policy

With a view to our long-term relationship with your esteemed organization, we are pleased to introduce the discount policy in a particular
programme. The discount will be observed in the following conditions:

  • 10% Discount against 3-5 nominations
  • 20% Discount against more than 5 nominations