Materials Management means many things to many people. This is because of the organisational fragmentation and complete compartmentalisation of some of the basic management functions concerned with materials in corporate activity. Some overemphasise the role of purchasing. Some totally discard this view and are ready to place stores and inventory control in the frontline of importance. Still, others hold that quality maintenance and quality assurances have an equal impact, if not more, on profitability and productivity through a reduction in rejection rates. Others argue that while control of quality from the source to the final distribution of the product improves productivity and corporate image, still, handling and physical distribution logistics can contribute something more by assuring a steady flow of materials, within and without a plant, by feeding the production pipeline in a continuum.
Unique Programme Takeaway: - In this Materials & Warehouse Management training course, you will gain in-depth understanding of Inventory Turnover Ratio (ITR). You will also learn to calculate the inventory ratio and how the working capital gets released when the ITR is increased.