SMEs trained for Integrated Inventory Management & Control

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NewZNew (Chandigarh) : Indian Centre for Manufacturing Excellence (ICME) Organised a focused training session titled ‘Integrated Inventory Management & Control’ for the SMEs on Friday, 4 December 2015 at PHD Chamber of Commerce and Industry, Sector 31, Chandigarh. The training session was attended by Managing Directors, Top CEOs, Plant Heads, Purchase Heads and Strategy Managers for Inventory and supply chain from top industries from Baddi, Ludhiana, Chandigarh, Ambala and Mohali.  

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ICME feels that to achieve the vision of ‘Make in India’ it is very important for local SMEs to build Systematic & Scientific processes with right tools and techniques, that will give them an edge in manufacturing excellence.

By organising such programmes the centre wants to support the manufacturing Industries to adapt to ever changing market environment and build World Class Manufacturing units, especially in North India.

The one day Training Programme provided Methodology to efficiently manage Sales Forecasting,flow of materials, effectively utilize Money Blocked in Inventory, Storage space, Material Handling & Storage System and deliver on Time to customers. According to Mr Ravinder Kumar, the trainer and Executive Director of ICME, ‘Inventory Management does not make decisions or manage operations; it provides the information to managers who make more accurate and timely decisions to manage their operations.

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He also shared that, ‘In Today’s Competitive Scenario, Inventory Management must be designed to meet the dictates of market place and support the company’s Strategic Plan. The many changes in the market demand, new opportunities due to worldwide marketing, global sourcing of materials and new manufacturing technology has created the need for companies to change their Inventory Management approach and Design a robust process for Inventory Control.’

Some of the major participants included Companies like TrelleborgVibracoustic (India) Pvt. Ltd., Faiveley Transport Rail Technologies India Limited, Big Ben, Jal Bath, Him Group,  Yerik International, Ekson, Indes and Eveline International.

According to the participating SMEs, This is a right session for understanding Material Planning & Procurement System, Material Handling & Control System, Mapping & Deciding Storage Locations & Designing Pitch with Flow for Effective Inventory Management.

ICME is also working to Build MSMEs Vision for Converting them Small to Medium and Medium to Large via structured Process of Leadership & Innovation.

The session was well appreciated and According to Mr Arvinder Bir Singh, CEO, Big Ben Exports, ‘More Training Sessions on such focused topics shall be organised to attain excellence in various manufacturing processes.’

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