Workshop on Effective Materials Management
Details
Program Overview
Materials management is a branch of Supply Chain Management that is concerned with the input phase of the business. It has two big functions under it also that is Procurement/Purchasing and Stores. Procurement is the act of obtaining or buying goods and services observing the rights which used to be 5R’s and now 8R’s. The process includes preparation and processing of a demand as well as the end receipt and approval of payment.
Specification and standardization of materials is very crucial to the success of purchasing function. Procurement cannot achieve much if other functions are not supportive so, there is need to work together as a team to satisfy and delight their customers.
Stores are to receive, store it and issue out when materials are needed. Materials Planning and handling are also critical functions of it.
For Whom:
Materials Managers, Procurement Managers, Inventory/Stores/Warehouse Managers, Officers, Supervisors, Operations, Production Managers etc.
Learning Objectives
At the end of this workshop the participants will be able to:
- develop understanding of procurement and its functions;
- examine the purchasing cycle, and manage it for deliver effective and efficient service services to their customers;
- run procurement function as a profit center through their operations and customer service;
- develop understanding of general stores activities; and
- run warehouse/store as a profit Centre.
Outline
Course Outline:
Day 1: Introduction to Procurement
- Definition
- Purchasing Rights (5R’s, 8R’s 25R’s)
- Purchasing cycle and its documentations
- It’s contribution to business success
- Developing an SOP for procurement
- Relationship with other functions
Day 2: Procurement Operations
- Materials planning to meet operational needs
- Planning Inventory to meet
- Market/customer demand
- Negotiation with market research
- Forecasting and scheduling
- Inventory management
Day 3: Purchasing and Customer Service
- Supplier Development and Relationship Management
o Internal customer satisfaction
o External customer satisfaction
o Handling of complaints from customers
- Stores/Warehouse Activities:
o Stock identification and Coding System
o Store/warehouse area – design, partitioning, (receiving and issuing bay)
o Materials/People movement in store areas.
Day 4: Warehouse and Stores Management
o Goods receiving procedures
o Issuing Methodology – FIFO, LIFO etc.
o Dispatch/Distribution procedures
o Materials handling Techniques
o Procedures for Handling of shortages,
returns/reverse, damages etc.
o Materials Costing: cost, standard, marginal
and average pricing
o Stock Taking – periodic, continuous,
and spot checking
o Effective documentation of every activity
Day 5: Inventory Management –
o Types of inventory or Classes of Inventory
o Inventory Planning and Control –
o Stock Replenishment
– provisioning, Stock Levels, Two Bin System etc.
o Stock Control Models
- MRP 1, MRP 11, ABC, JIT/JIC, etc.
Warehousing and Stores Safety and Security
o Good House Keeping procedures
– cleanliness, fumigation, environmental issues
o Health and Safety Act and its observations
– safety practices etc.
o Stock/Materials segregation:
flammable and non-flammable
o Stores markings with signs:
no smoking, no sleeping under materials
o Security of materials, building, employees and
visitors, fire prevention, access to stores etc.
Training Methodology
Lectures, discussions, exercises, case studies, audio-visual aids will be used to reinforce these teaching/learning methods.
Speaker/s
OGUNDUN, Raphael Oluranti – MCIPS (London), MBA, MNIPSM. An experienced supply chain management practitioner with over 20 years of post-graduation experience spanning the manufacturing, multinational organizations and construction sector
of the economy. Mr. Ogundun is a specialist in material management, contract management, negotiation and procurement. He will bring his experience to bear on our programs.
ABIODUN ODEYEMI - M.Sc. (Managerial Psychology), MCIPS, (London) AMNIM, QMS Auditor. An experienced Management Practitioner with over 25 years of experience spanning the manufacturing, engineering and service sectors of the economy. Mr Odeyemi is a specialist in Managerial Psychology (Leadership, General Management, Negotiation, Communication and Human Relations) Business/Process Development, Employee's Motivation, Productivity Improvement, Performance Management, Project Management (Monitoring and Evaluation), Supply Chain Management, QMS Certification, and Attitudinal Change. Mr Odeyemi was as the Asst. General Manager, Supply Chain, Pivot Engineering Nig. Ltd before venturing into consultancy. He will join others to share their experiences on this program.
Special Offer
Group nomination of 5 and above participants attracts 10% discount
Schedules
| Weekdays | 09:00 AM — 05:00 PM |
| Weekdays | 09:00 AM — 05:00 PM |
| No. of Days: | 5 |
| Total Hours: | 45 |
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