Inventory Management

Un-lock the Working capital thru Effective Inventory Control

by H K Varma

Over the years Materials function has evolved from Gate keeper role to partnerships and JVs for a lasting buyer-supplier relationship and ultimately converting ‘Materials function’ in to a profit center thereby expanding the bottom line with shortest throughput times.

Working capital management is crucial to the growth of a Material executive who has to walk a tight rope between working capital constraints and un-interrupted flow of material to ensure no production hold-ups.

Over the years the role of a Materials executive has evolved from buying to material/supplier management to working capital controller as it is he (she) who controls almost 65% of the company’s working capital.

It is our endeavor to help you understand importance of Inventory thru the various performance indicators which will help you understand the importance of an agile and lean organization along with concern for uniform production for the organization.
In the current economic climate inventory is more important than ever. With slowing activity, inventory decisions that result in excess inventory will take much longer to correct and the working capital that is tied up hurts even more when capital is hard to come by. Improve inventory positions, lower operating costs and enhance customer satisfaction. Respond quickly to customer demands, increase inventory turns, improve line-level accuracy.

This 1 day program will take you through the changing role the Materials function has evolved from Traditional arm’s length approach to hand holding to partnership and JV ultimately leading to optimum working capital with overall low costs.

1 day program on Material & Inventory Management
Material dept function & objectives
Role of MM in Inventory Control
How Materials function can improve EVA (Economic Value Addition)
Service levels for optimum Inventories
Vendor Managed Inventory
Periodic review v/s Continuous review Inventory systems
Push v/s Pull
Doc and Inventory Turns , sddoc
Stock taking & Stock Verification
Success story with a case study
KPIs for an effective MM function

Faculty :

  1. Mr Harish K Varma is a leading trainer and consultant in India for Six Sigma, Lean Management , SCM , Vendor Development , Inventory Management and 5S , with a professional experience of more than 30 years in the field of Engineering, Management Consultancy , holding various key positions at senior level and as Six Sigma Champion.
  2. He is a regular trainer with his past company Larsen & Toubro.
  3. More than 9000 professionals have benefited from his insights in the field Six Sigma , SCM & Lean Management.
  4. He has successfully provided consultancy & training to more than 20 corporates in the areas of Six Sigma, 5S , TPM , Lean Management, Kanban , Inventory management, JIT, process & productivity improvement, Resource management and cost control across various sectors & industries. His contribution in the field of SCM , Six Sigma & Lean Management has received special appreciation from various quarters of Indian industry.
  5. He has played a crucial role for many industries, facilitating them in achieving the prestigious TPM Excellence Awards.Mr Harish K Varma is a Production Engineer from VJTI Mumbai. He is also a visiting faculty in MBA colleges like Welingkars , Symbiosis Institute of Operations management , Ahmadabad Management Association & ITM Navi Mumbai.
  6. How to Register:
    • Fees: Rs. 8,500/- +12.36 % service tax per person. ( Discount for 3 or more persons)
    • Please write -022 66976892
    • Mention the name of participant, company, contact details .
    • Cheque favoring Princeton Academy Mumbai II Pvt. Ltd. payable at Mumbai.
    • Fees includes lunch, tea, course material etc.