Material and Stores Management Course

Introduction

Material management is a process to organize, methodically arrange, and monitor processes connected to the flow of materials. This process plays a vital role in maintaining smooth operations and supply chain management.

Materials management involves the acquisition of raw materials, quantity, quality, and the support of smaller products. The raw material accounts for most of the final product and overall manufacturing cost. This process is the most significant part of the finished product; thus, it should be treated with extreme caution. Material costs have a considerable impact on both the rate of production and the amount of profit that a business generates. Materials management is in charge of formulating policies for material acquisition, taking into account factors such as quality, quantity, and cost.

Effective warehouse and store management is essential to the success of today’s organization. To accurately satisfy consumer requests, the product must move through the supply chain in a timely, efficient, and cost-controlled manner.

Who should attend

•       Production managers and supervisors accountable for overseeing material management of an organization

•       Executives who are responsible for material forecasting and planning to ensure that raw materials are readily available for manufacturing

•       Senior members and top management of an organization are accountable

for making crucial raw material planning and production management decisions.

•       Internal and external auditors in charge of ensuring compliance with industry standards

•       Financial advisers need to know about client demand forecasts and the organization’s potential costs.

•       Individuals who are seeking to learn material management planning

•       Procurement and stores officers.

Course objectives:

By the end of this training the participants will be able to:

•      To provide an understanding of Management Principles and practice, Purchasing and Inventory Control, Materials Handling, and Stores Procedures for the persons engaged in the field of Materials Management.

•      Understanding of the latest recent advancements, information, and techniques in the shipping and port sectors’ logistics and supply networks

•      The strategic significance of materials management in building and strengthening a company’s competitive advantages

•      Understanding of the interdependence of the Materials Management function with the other key functional areas of a firm

•      The necessary self-assurance and expertise to instruct others in production management and material needs planning

•      The required understanding and information to buy operations, standardization and quality control, value analysis, and engineering

•      Enhanced skills to determine the link between the buying and materials management functions

•      Improved analytical skills about the legal implications of purchasing as well as the logistics of warehousing

•      Application of analytical abilities and problem-solving approaches to solving material management challenges

•       The awareness and understanding of the mathematical ideas that underpin inventory control and linear programming in a clear and concise manner

•      The mathematical ideas that underpin inventory control and linear programming in a clear and concise manner

Duration

5 Days

Course Outline

Module 1 – Material and Purchase Management

•       Material management purview

•       Objectives & and importance of material management

•       Materials management systematic methodology

•       Forecasting and material organization

•       Materials planning

Module 2 – Material Management Role

•       Scope & materials definition

•       Supply chain management

•       Integrated materials management

•       Just in Time (JIT)

•       Kanban systems

Module 3 – Standards and Quality Assurance of Materials Management

•       Failure testing

•       Statistical control

•       Quality assurance overview

•      
Quality assurance vs. quality control

•       Total quality control & Standards

Module 4 – Materials Management Procurement

•       Purchasing and quality assurance

•       Types of quality assurance & control

•       Value investigation & engineering process

•       Purchasing in the materials management system

•       Activities related to purchase & materials management

Module 5 – Quality Control Practices

•       Statistical quality control

•       Received material quality control

•       Governmental purchasing practices

•       Forecasting, assessment, and replacement

•       International buying and import purchasing

•       Equipment | Purchasing, plant & machinery

Module 6 – Inventory Management System and Logistics – I

•       Inventory management and control systems

•       Stores management objectives, types, and classification

•       Foremost processes of a store

•       Materials accounting

•       The flow of costs & inventory valuation

Module 7 – Inventory Management System and Logistics –II

•       Physical verification

•       Safety and materials audit

•       Transpiration and its types

•       Physical distribution management

•       Freight claims materials management and storage systems

Module 8 – Materials Management and Other Operational Areas

•       The material flow economic and process

•       Material and spare parts management

•       Disposal of surplus, obsolete scrap, or processed waste

•       Materials management role in productivity

•       Cost-effectiveness and performance evaluation

Module 9: Store Management

•       Introduction to storekeeping, stock control and stores management

•       Stores identification and coding

•       Stock records: contents, use, accuracy – manual and computerized

•       Setting stock levels receipts into and issues from the stores – documentation, stocktaking and spot checks

•       Dealing with systems, software and management of information systems and management of stores

•       The application of TQM in the area of stores management

•       The integrated purchasing and stores department

•       Storehouse buildings, location, design, layout, sub-stores:- stockyard location, design and layout

•       Manual and powered stores equipment for materials handling, storage, measurement, order picking

•       Protection of stock against loss and damage, storehouse and stockyard security, fire and accident prevention.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course