Businesses create value by supplying their products or services to satisfy customer demand that involves numerous activities and processes across the organization. Operations Managers deal with a major issue in any business – how work gets done: setting up processes, uncovering the biggest bottlenecks, fine-tuning processes to save time and money, managing resources for smooth production of value.
Inventory Control Management is critical in operations as inventory is a current asset to a firm. Carrying inventory comes with a certain degree of risk. This risk is a component of the cost of carrying inventory. When a company stocks items in the warehouse, there is always the risk that the items may fall in real value during the period they are stored. If a company stored parts for their work centers or equipment, the parts in the warehouse could be worth far less than the price that was originally paid and any losses, excess, obsolete and miss-managed inventory means a reduction in the company equity.
Successful completion of the training will empower the participants,
- Appreciate the strategic role of OM in creating and enhancing a firm’s competitive advantages
- Understand key concepts and issues of OM in both manufacturing and service organizations during and after COVID 19 pandemic
- Enable participants to evaluate visibility levels and category concepts.
- Identify the operational and inventory issues in the value addition processes of a firm after the pandemic.
- Understanding that minimizing inventory holdings reduces overhead costs and, hence, improves the profitability performance of the enterprise
This course is 100% HRDF SBL Claimable
For more information, please contact Ms.Joan at email@example.com or +6088731570