Seminar
Workshop on ‘Material and Inventory Management’, on 4th November 2022
We have the pleasure to inform you that DCCI Business Institute (DBI) is going to organize an In-person Daylong Workshop on ‘Material and Inventory Management’, scheduled to be held on 4th November 2022 from 10.00 am to 5.30 pm at DBI, Dhaka Chamber Building (11th floor), 65-66 Motijheel C/A, Dhaka-1000.
Topics Overview in Brief: Material Management is a scientific technique, concerned with Planning, Organizing & Control of flow of Materials, from their initial purchase to destination. In the earlier years, Materials Management was treated as a Cost Centre, since Purchasing Department was spending money on materials while Store was holding huge inventory of materials, blocking money and space. Subsequently with the process of liberalization and opening up of global economy, there has been a drastic change in the business environment, resulting in manufacturing organizations exposed to intense competition in the market place. Manufacturers worldwide have been working out various strategies to face the above challenges and to cut down manufacturing costs including through savings in material costing to remain competitive.
On the other hand, Inventory is a list of goods and materials, or those goods and materials themselves, held available in stock by an enterprise. An organization's Inventory can appear a mixed blessing since it counts as an asset on the balance sheet, but it also ties up money that could serve for other purposes and requires additional expense for its protection. Please keep in mind, “It’s easy to turn cash into inventory, but the challenge is to turn inventory into cash”.
Objectives: The objectives of the workshop is to familiarize participants with planning, organizing & controlling of flow of materials with scientific techniques of Material Management and Inventory Control so as to reduce lead time & cost.
Contents: Introduction & learning objectives, Definition of Material Management and related issues, Physical flow, Modern Supply Chain Management (SCM) and its three wings, Demand forecasting methods, Bill of Material (BOM), and Material Requirement Planning (MRP). Introduction to Inventory and related issues, Reasons behind Inventory, Types and stages of Inventory, Inventory and Working Capital, Inventory replenishment system, Lead Time Management, Inventory Valuation, and Inventory Checking. Question and Answer session and many more.
Who Can Attend: Persons with a background in Material/Store Management, Procurement/Purchase Managers/ Officers, Planning Managers and Production/Operations Managers employed in Business Organizations and concerned Govt., Semi Govt. and Non Govt. Organizations.
Facilitator: This training will be conducted by Mr. Shankar Kumar Roy, M.Com (DU) and Int’l Diploma in Supply Chain Management (ITC, Switzerland). Mr. Shankar Kumar Roy is a Corporate Trainer and Management Consultant and is currently serving as Executive Director at Bangladesh Cement Manufacturers Association (BCMA). He was employed as an Advisor (Research and Planning) at M.I. Cement Factory Ltd. (Crown Cement Group) till 30th June 2020. Before joining Crown Cement Group, he had served for more than 16 years at Holcim Cement (Bangladesh) Ltd. and lastly holding the post of General Manager-Business Development. He has total job experiences of more than 36 years at various Corporate Companies, MNCs and a Bank. As a professional corporate trainer; he provides practical, interactive and fun-filled activity based training. He has conducted numerous training and has 15+ years of experience in training. His area of specialization in training covers mainly Supply Chain Management, Procurement, Leadership, Marketing & Sales and various Soft Skills. He was awarded ‘Trainer of the Year 2018’ recognition by International Trade Center (ITC), Geneva, Switzerland at a gala event in Beijing, China on 1st November 2018.
Fees: Tk. 3,000/- payable in favour of ‘Dhaka Chamber of Commerce & Industry’ by cash/ pay order/ cheque/ EFT. It could also be paid through bKash merchant number 01766018659 (Payment) with bKash charge Tk.50/-. Course fee includes refreshments, lunch, stationery, learning materials and excludes VAT and Tax.
Procedure: The intending candidates may collect Registration Form from DBI Office for submitting to DBI after filling up duly or log on to https://forms.office.com/r/CkFLx5i3Bq for registration. Please contact at 01913745062 for more information. Registration Deadline: 2nd November 2022. Certificate: Certificate will be awarded.
We would appreciate if you could kindly participate and/or nominate concerned official(s) from your esteemed organization to this Workshop.
Published on: 2022-11-04