Materials Management
Course code: 7STI-403
Course Description
Materials management is a critical process that integrates the flow of supplies into, through, and out of an organization to ensure the availability of the right materials at the right place, time, quantity, and quality, all at the right cost. This encompasses procurement, materials handling and storage, production and inventory control, packaging, transport, and associated information systems. The responsibilities of material management include purchasing high-quality equipment and products at the lowest possible cost for the organization.
Program Benefits
- Understand the meaning and significance of material management.
- Develop skills in acquiring the right quality and quantity of supplies at the right time and place, for the right cost.
- Attain economy in purchasing.
- Satisfy demand during periods of replenishment.
- Implement reserve stock strategies to avoid stockouts.
- Stabilize fluctuations in consumption.
- Develop skills in inventory control, equipment maintenance, and continuations.
- Provide a reasonable level of client services.
Topics Covered
- Purpose of Material Management
- Basic Needs of Material Management
- Economy in Material Management
- Basic Principles of Material Management
- Elements of Material Management
- Functional Areas of Material Management
- Procurement
- Storage
- Inventory Control
- Equipment Maintenance and Continuation
Who Should Enroll?
This program is ideal for individuals and groups responsible for material management-related activities in any institution, organization, or company.
Training Methodology
The training sessions will be delivered through a brief conceptual presentation in the form of participatory lectures using PowerPoint presentations, group discussions, and lab exercises in groups and cases.
Duration: Four days (32 hours)
Delivery Date: [Insert Date]
Course Instructor: [Instructor Name] [LinkedIn Profile link] [Email]
Venue: [Insert Venue Details]
Note: The delivery date and venue details will be provided closer to the course commencement.