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 Procurement/Purchasing and Stores. Procurement is the act of obtaining or buying goods and services observing the rights which used to be 5 R’s and now 8 R's. The process includes the preparation and processing of a demand as well as the end receipt and approval of payment.

Specification and standardization of materials are crucial to the success of the purchasing function. Procurement cannot achieve much if other functions are not supportive so, there is a need to work together as a team to satisfy and delight their customers. Stores are to receive, store 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 an understanding of procurement and its functions;

• examine the purchasing cycle, and manage it to deliver effective and efficient service services to their customers;

• run procurement function as a profit centre through her operations and customer service;

• develop an understanding of general store activities;

• run your store as a profit Center.