Material and Inventory Management
About Material and Inventory Management
To guarantee that resources are available when needed to satisfy production schedules, materials management employs inventories and production needs for planning and control. The management of logistics, stock levels, material quality, cost, and other factors is part of this material planning.
Inventory management helps businesses in determining which merchandise to order when and in what quantities. Inventory is tracked from product acquisition to sale. To guarantee there is always adequate inventory to fulfill client requests and proper notice of a shortfall, the technique recognizes patterns and reacts to them.
Why is Material and Inventory Management important?
No matter the size of your organization, having an effective inventory management system is crucial. It may assist you in keeping track of all your goods and figuring out the precise costs. Additionally, it can assist you in managing rapid variations in demand without compromising customer satisfaction or product quality.
Who should take the Material and Inventory Management Exam?
- Logistics Administrator
- Logistics Manager
- Inventory Controller
- Warehouse Administrator
- Supply chain Professionals
- Any graduate or Postgraduate
- Warehouse Manager
- Logistics Director
- Strategic Sourcing Manager
- Purchasing and Inventory Clerk
- Procurement Manager/Specialist
- Production Operative, Supervisor, or Manager
- Maintenance Operative, Supervisor, or Manager
- Engineer
- Quality Manager
- Production Planner
- Purchasing Manager
- Production Warehouse Manager
Material and Inventory Management Certification Course Outline
- Materials Management
- Inventory Control
- ABC Analysis
- Example of ABC Analysis
- Inventory Control
- Inventory Management
- Material Management
- inventory problems and selective inventory management
- Static Inventory Problem under Risk
- Static Inventory Problem under uncertainty
- Dynamic Inventory Problems under Certainty
- Dynamic Inventory Problems under risk
- MRP, MRP 2 AND DRP
- JIT
- Kanban
- Purchasing Management
- Value Engineering/Analysis and Stores Management
- Logistics and Supply Chain Management