Practical Purchasing and Inventory Management Skills

Overview

Today, purchasing is recognized as having an overwhelming impact on the bottom line of the organization. It has a direct impact on the two forces that drive the bottom line: sales and costs. Purchasing is becoming a core competency of the firm, finding and developing suppliers and bringing in expertise that is highly valued by the organization. While, adequate inventory is critical in ensuring the continuity of operations within any organizations. However, inventory investment can be a very expensive affair. The direct costs of carrying inventory depress profits and ties up much-needed finance. Only through effective purchasing and inventory management can we provide this support without over-committing the organization’s funds, but at the same time be mindful of the related costs of not having inventory when it is needed by customers.

Objective

At the end of the course, all trainees will be able to:

  • Understand role of purchasing & its cycle
  • Know what data is required in a material purchase
  • Get knowledge of criteria for vendor evaluation & selection
  • Understand how to negotiate with suppliers
  • Get knowledge of effective inventory operations in the supply chain
  • Enable analysis and examination of current operations
  • Make organizational improvement

Content

  • Module 1: Purchasing Management
  • Module 2: Supplier Selection
  • Module 3: Inventory Management
  • Module 4: Warehouse Management

Who should Attend?

This course is specially designed for inventory, stock, supply chain, logistic, warehouse, and distribution supervisors/managers, and owners, operators, owners and directors of companies who hold stock and inventory.

Trainer's Profile

Specialties: Basic Bookkeeping and Business Management Skill, Procurement Management Skill, Accounting Management System, Problem Solving Skill, School Development Planning, Effective School Leadership, Budgeting Skill, Accounting Principles and Financial Management.

Fee Charged

  • USD 180 (Registration makes before 19 December 2020)
  • USD 220 (Registration makes before 23 December 2020)
  • USD 250 (Normal Fee)

The course fees are inclusive of course materials, handouts, meals, refreshments, and certificates of completion but do exclude 10% of VAT amount.