Brief Overview:

Every Enterprise need variety of materials to conduct their business successfully. The materials, once received, may or may not undergoes a change before reaching the end customer as final product and gets paid for. Though it is material in physical form, its paid for and hence Money lying as Material inside the premises. Excess Inventory leads to high use of Capital while No stock prevents completing the sale. In this Webinar we shall understand the methodology to Optimize Inventory scientifically and improve sustainability.

Session content:

• Day 1

  Introduction to Inventory, ITR, STR, FSN

  Variables

  Cost of Carrying Inventory

  Day 2

  Re Order Level and Re Order Quantity

  How to reduce Inventory?

  Case study

For Whom:

• Manufacturers

  Retail Business Owners

  Senior & Mid Management

  Entrepreneurs

  Factory Managers & Planning Managers

  Purchase managers

  Stores Manage

Key Takeaways:

The participants will get the insight to

The right Inventory.

Know to calculate the carrying cost of Inventory?

Scientifically determine Re Order Level and Re order Quantity.

Ageing Stock and How to dilute it.

LIFO, FIFO JIT or NINO-Know them.

Facilitator profile:

Mr. Ninan P Chandy

Mr. Ninan P Chandy, B. E (Mech), MBA (Finance) and 36 years hands on experience in major Industries like Air Pollution Control, Outdoor Lighting, Steel Forgings, Power Transmission. Worked with M/s RIECO, Pune, M/s Bharat Forge, Pune M/s Indabrator, Mumbai and M/s Al Babtain Power and Telecom (1991 -2013), Saudi Arabia where he was Export Sales Manager and later Business Unit Head of Lighting and Panel Board division. Successfully turned around the manufacturing unit increasing profits from 4% to 22 % in one year and sustained it for 2 more years before quitting to found DeltaEta. (www.deltaeta.in)

Mr. P.A Sivanandam

Mr. P.A Sivanandam, BE (Mech), MBA (Marketing), is a veteran of the Cable Industry with 34 years of Industry experience. Worked in key Marketing areas of M/s Finolex cables, Pune, RPG Cables Mumbai( a division of KEC International Ltd) and later was Business Unit Head of UNITECH Automation Pvt Ltd, Pune. A six-sigma specialist, Mr. Sivanandam has spearheaded many cost reduction activities in his organizations. Presently Mr. Siva is an independent marketing Consultant based out of Pune and an Associate of DeltaEta.

Fee Details:

• Fee's Details
• Member amount : Rs 0.00- (Including 18%GST)
• Non Member amount : Rs 0.00- (Including 18%GST)
• Total Member count :