(COMBINED with 5 Dec Workshop)Effective Inventory Management

Effective Inventory Management 
[COMBINED with Workshop on Effective Warehouse Management to be held on 5 Dec (Tue)]
The Singapore Business Institute is pleased to organize a workshop on “Effective Inventory Management ”. 


Day/Date: Thu, 7 Dec 2017 
Time:  9am -5pm

Fee per pax (incl. GST): S$398 (Member)  |  S$498 (Non-Member)

REF:SB170463


Introduction:

The aim of this module is to identify the major areas of concern in effectively managing storage and distribution throughout the supply chain. It is essential that goods are moved through supply chains to customers at the right time, in the right condition, at the right place and at the right cost. Failure in any of these areas will add unnecessary costs to the ultimate customer while success will add value, and delight the customer.

This programme will especially benefit the large corporates and SME in building the capabilities of their warehouse and distribution professionals and will provide them with knowledge to manage their inventory.

Objectives: 

  • Classify the main types of inventory

  • Understand the main implications of purchasing and supplying inventory

  • Know the main methods for the storage and movement of inventory

  • Analyse the main techniques for calculating the future demand of inventory

  • Explain the main techniques for the monitoring and control of inventory

 


This workshop is open to :


  • Professionals in the warehouse and distribution function in manufacturing, retail, services and third party logistics (3PL) firms. Suitable for managers and individuals who are responsible for cost effective storage, inventory control and distribution operations."


Workshop Outline


Understand the main implications of purchasing and supplying inventory


  • Definitions of inventory and inventory stock management
  • Opening stock, work in progress and finished goods
  • Safety stocks


Assess the costs involved in holding inventory


  • Acquisition and holding costs
  • Methods for the valuation of inventory such as LIFO, FIFO, average cost and standard cost
  • The profit and loss entry of cost of sales and goods sold
  • The balance sheet entry for inventory


Explain the main techniques for the monitoring and control of inventory


  • Pareto analysis and ABC classifications of inventory
  • Dependent and independent demand
  • Just in time supply and kanban systems


Analyse the main techniques for calculating the future demand of inventory


  • Economic order quantity
  • Reorder point and periodic review systems
  • Qualitative and quantitative approaches to forecasting


Upon completion of the workshop, the participant will be granted an attendance certificate.

 

Programme is accurate at the time of print

Training expenditure qualifies your company for up to 400% tax deductions or up to 40% cash payouts under the Productivity and Innovation Credit (PIC). 

 Administrative Details:

Please email to institute@sbf.org.sg to reserve a seat, this will be followed by a confirmation email. Upon confirmation, please prepare a cheque to SBF (refer to address on above letterhead). 


Cheque should be made payable to “Singapore Business Federation”. Please indicate the Ref No. and company’s name, participant’s name at the back of the cheque.

  • Registration is on a first-come-first-served basis. No cancellation will be allowed upon registration, but attendance by a replacement delegate from your company is allowed. We regret that no refund and full fees will be charged for cancellation or non-attendance.
  • Confirmation of your registration will be emailed to your company upon receipt of full payment.

NOTE:  As a precautionary measure, our advice is for members who are unwell not to attend the session.

 

For more information, please contact:
Email: institute@sbf.org.sg (ATTN: Eady NG)

*Information is correct at the time of print

DISCLAIMER
All information, materials and related graphics contained herein and/or provided in the course of the training session(s) (hereinafter referred to as “Information and Materials”) are intended for informational and/or educational purposes only. The Singapore Business Federation does not claim ownership of any of the Information and Materials provided by the external training vendor(s). The information and Materials may from time to time include technical inaccuracies or typographical errors, and changes may be added periodically as may be necessary. Please note that photography, audio and video recording may occur during these event. All photography, audio and video recording may be used by Singapore Business Federation for education, marketing, promotional and/or publication purposes. If you do not wish to have your image recorded or published, for compelling and legitimate grounds relating to your particular situation, please inform our staff.


When:
12/7/2017 9:00 AM - 12/7/2017 5:00 PM

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