Material Management is a scientific technique, concerned with Planning, Organizing & Control of flow of Materials, from their initial purchase to destination. In the earlier years, Materials Management was treated as a Cost Centre, since Purchasing Department was spending money on materials while Store was holding huge inventory of materials, blocking money and space. Subsequently with the process of liberalization and opening up of global economy, there has been a drastic change in the business environment, resulting in manufacturing organizations exposed to intense competition in the market place. Manufacturers worldwide have been working out various strategies to face the above challenges and to cut down manufacturing costs including through savings in material costing to remain competitive. On the other hand, Inventory is a list of goods and materials, or those goods and materials themselves, held available in stock by an enterprise. An organization's Inventory can appear a mixed blessing since it counts as an asset on the balance sheet, but it also ties up money that could serve for other purposes and requires additional expense for its protection. Please keep in mind, “It’s easy to turn cash into inventory, but the challenge is to turn inventory into cash”. In order to familiarize these matters, DCCI Business Institute (DBI) is going to organize a day long Workshop on ‘Material and Inventory Management’

• Introduction & learning objectives;
• Definition of Material Management and related issues;
• Physical flow, Modern Supply Chain Management (SCM) and its three wings;
• Demand Forecasting Methods;
• Bill of Material (BOM);
• Material Requirement Planning (MRP);
• Introduction to Inventory and related issues;
• Reasons behind Inventory,
• Types and stages of Inventory;
• Inventory and Working Capital;
• Inventory Replenishment System;
• Economic Order Quantity (EOQ);
• Lead-time Management; and
• Inventory Checking;
• Question and Answer session and many more.

This workshop will be conducted by Mr. Shankar Kumar Roy, M.Com (DU) and Int’l Diploma in Supply Chain Management (ITC, Switzerland). Mr. Shankar Kumar Roy is a Corporate Trainer and Management Consultant and is currently serving as Executive Director at Bangladesh Cement Manufacturers Association (BCMA). He was employed as an Advisor (Research and Planning) at M.I. Cement Factory Ltd. (Crown Cement Group) till 30th June 2020. Before joining Crown Cement Group, he had served for more than 16 years at Holcim Cement (Bangladesh) Ltd. and lastly holding the post of General Manager-Business Development. He has total job experiences of more than 36 years at various Corporate Companies, MNCs and a Bank. As a professional corporate trainer; he provides practical, interactive and fun-filled activity based training. He has conducted numerous training and has 15+ years of experience in training. His area of specialization in training covers mainly Supply Chain Management, Procurement, Leadership, Marketing & Sales and various Soft Skills. He was awarded ‘Trainer of the Year 2018’ recognition by International Trade Center (ITC), Geneva, Switzerland at a gala event in Beijing, China on 1st November 2018.

The intending candidates may collect Registration Form from DBI Office for submitting to DBI after filling up duly or log on to https://forms.office.com/r/CkFLx5i3Bq for registration. Please contact at 01913745062 for more information.

10% for (one option applicable): (i) DCCI Members; (ii) Women participants; (iii) Students (pursuing his/her under-graduation & post graduation); (iv) Three (3) or more participants from one organization for same course; and 15% corporate discount for 10 (ten) or more participants from the same organization.