MATERIAL AND STORES MANAGEMENT COURSE

Objective:

• Understand the principles and practices of effective materials management across the supply chain
• Develop skills in procurement, vendor management, and inventory control to improve operational efficiency
• Apply inventory planning and stock control techniques to optimize material availability and reduce costs
• Manage stores and warehouse operations using industry best practices
• Improve material handling, logistics, and warehouse safety procedures
• Implement effective waste and scrap management strategies to minimize losses
• Leverage modern information systems and technology to enhance materials management processes

Content:

Fundamentals of Materials Management

• Introduction to materials management and its role in the supply chain
• Material standardization and specification management
• Material codification and classification systems
• Materials planning and requirements planning

Procurement and Vendor Management

• Purchasing policies and procurement procedures
• Supplier evaluation and selection techniques
• Vendor performance rating and management
• Tendering and competitive bidding processes
• Legal and ethical aspects of purchasing

Inventory Control Techniques

• ABC and VED inventory analysis techniques
• Economic Order Quantity (EOQ) applications
• Determining reorder levels and replenishment planning
• Safety stock calculation and management
• Just-in-Time (JIT) inventory management

Stores and Warehouse Operations

• Planning efficient store layout and warehouse design
• Material coding, receiving, storage, and issuing procedures
• Inventory recording and stock valuation methods
• Warehouse safety, security, and housekeeping practices

Materials Handling and Logistics

• Safe movement and handling of materials
• Using racking, shelving, and specialized storage equipment
• Warehouse automation and material handling technologies
• Improving logistics efficiency and workflow

Waste and Scrap Management

• Identifying surplus, obsolete, and scrap materials
• Disposal and recovery methods for excess inventory
• Waste reduction and material utilization strategies
• Environmental considerations in materials management

Information Systems and Technology

• Using Enterprise Resource Planning (ERP) systems for materials management
• Material Requirements Planning (MRP II) applications
• Computerized inventory and stock accounting systems
• Digital technologies for improving inventory visibility and operational performance

For Whom:

• Stores Managers and Storekeepers
• Procurement and Purchasing Professionals
• Inventory Controllers and Inventory Officers
• Warehouse Managers and Warehouse Supervisors
• Logistics and Distribution Professionals
• Supply Chain Management Professionals
• Materials Management Personnel
• Professionals in both the public and private sectors responsible for stores, procurement, logistics, and inventory management