Optimum stock level is that level of inventory that balances the objectives of inventory control and allows the organization to capitalize maximum business opportunities. Re-ordering level is the point at which purchase requisition (re-order) should be issued for supply of materials. Economic Order Quantity is that level of optimum order quantity where materials can be acquired at the least possible cost. The EOQ model is mainly based on a trade-off between inventory holding costs (storage costs & capital invested) and ordering costs (any costs associated with placing orders, such as delivery charges, issuing indents, bank charges etc). Also, in most cases, the suppliers offer lower prices for higher quantities, mainly because the supplier acquires economies of scale when producing more with less costs and benefit is passed on to the customers.
Classification of inventories is an inventory control technique where materials are classified based on various criterions. It is evident that class A materials make up for majority of capital investment in inventories while less in quantity, at the same time, class C materials make up for majority of inventory unit quantities while less in capital investment. In this type of inventory classification, materials are classified as Vital (V), Essential (E) or Desirable (D). In this type of inventory classification, materials are classified as Fast-Moving (F), Slow-Moving (S) or Non-Moving (N). The two-bin inventory control system involves the use of two storage containers for inventory. We have integrated several systems into one system that will help manage your business in more ways than one. Vendor Invoice Systems  Each manager before the go home for the day or night should make sure all invoices that come in on their shifts are entered into the Vendor Invoices System. Vendor and Employee Contact ListEnter in all the vendor information and employee information into the Contact list. Managers Log  (Calendar)Manager communication per shift is the number one reason for communication breakdown in the United States.Use this calendar for communication purposes between shifts. Labor ManagementSet the system up by entering the employees names, position and rate of pay into the the labor program.
To accurately calculate your cost of goods begin with your beginning inventory, add to it your total purchase for that period subtract your ending inventory.
Beberapa waktu yang lampau, Pergudangan yang efektif dan efisien adalah kemampuan beradaptasi pada tuntutan untuk meningkatkan kecepatan proses mulai  dari Penerimaan, Penyimpanan, hingga Pengiriman. Berpegang pada efisiensi dan akurasi sebagai kunci sukses dari pergudangan, program ini merupakan metodologi untuk membantu mengatasi masalah gudang saat ini terhadap supply chain, dimana memberikan prinsip-prinsip yang dapat digunakan untuk merampingkan semua jenis pengoperasian pergudangan kelas dunia. Untuk memenuhi tuntutan tersebut, maka dibutuhkan budaya dan pola kerja industri yang disiplin, efisien, dan produktif. Program ini akan menggunakan beberapa metoda, yaitu: Ceramah (Konsep-Contoh-Latihan-Rencana Penerapan), Presentasi Video, Role-Play dan Diskusi Kelompok. Manager, Supervisor, chief, section head, kepala bagian, Staff Administrasi, yang terlibat dalam operasi pergudangan; Warehouse, Logistic, Production, Production Planning and Inventory Control. Silahkan klik link ini atau link Frequently Ask Question untuk mengetahui pertanyaan – pertanyaan yang sering dilontarkan seputar Training yang kami selenggarakan. Develop a streamlined method for producing efficient cycle counts, tightening logistics and cutting costs. Auditors are due to arrive at any moment, counts aren't complete and the stack of orders on your desk grows exponentially as the hours tick by. It's increasingly difficult to find down time in your day to do inventory counts and ensure a lean inventory management process is in place.
Learning inventory management, seamless logistics and successful cycle counts doesn't just happen overnight, but this 1-hour program will provide you with proven solutions and next steps for taking control of your counts and costs. You have stockpiles of obsolete inventory that never move and it just gets recounted year after year. Don't spend another minute struggling to get a hold of your inventory management processes! What would your workday look like if you could minimize the stress related to ineffective inventory management — and how would your work life change with a renewed sense of control, purpose and accomplishment?
This high-energy program will give you and your coworkers the skills needed to tighten logistics, manage cycle counts and gain a renewed sense of control over your budget. Calculate the cost of carrying inventory — and deal with the inventory that takes up valuable warehouse space but never movesWho Will BenefitAny member of your organization who works with inventories will benefit from the strategies and solutions provided that allow you to manage your inventory and employees more effectively than ever before! Best quality and easy to use Employee Tour and Training Management Software manage entire business tour and training activities in best possible way. If you own or manage a small to medium sized business firm, Tour and Training Management Software can be of enormous benefit as it provides best solution to supervise company tour and training details.


Software handles complex task of managing Employee Tour and Training activities in simplified way. Provide relevant and up-to-date information that helps to take effective and immediately decision-making.
Software is password protected such that unauthorized users cannot access and modify configuration settings. Generate tour and training passes for employees going for official tour with flexible options. Generate various useful tour and training reports to analyze updated tour and training status. Windows 7, Windows Vista, Windows XP, Windows Server 2008, Windows Server 2003, Windows Server 2000 etc. Whilst inventory professionals are well equipped with the knowledge on forecasting future inventory needs, maintaining acceptable levels of inventory and safety stock and keeping accurate inventory records,  human errors still occur despite living in this hi-tech world.  Lost and misplaced stocks and overstocking due to receiving unrealistic demands from customers, co-workers, management, vendors and suppliers are among the common problems that appear in their daily life. Join us for this comprehensive two-day workshop to explore the concepts and strategies of 21st century inventory control and management. Check out when this course is available from our Training Calendar or from our Upcoming Courses Schedule. In other words, inventories of good quality and right quantities should be made available to different departments as and when needed.
Organization can keep the inventory cost low by developing long term & mutually beneficial partnerships with reliable suppliers. Organizations can keep the processing costs low by striking the right balance between labour intensive & capital intensive production. Organization can keep the distribution cost low by choosing the most cost effective transport operator & the most suitable transportation route.
Organization can keep the inventory holding cost low by managing & maintaining optimum stock levels.
Organization has to bear shrinkage cost and normally provision is created & maintained.
It is the stock level (a) where the organization does not lose business opportunities due to under-stocking, and (b) where the organization does not block excess capital in inventories due to over-stocking. The EOQ provides a model for calculating the appropriate reorder point and the optimal reorder quantity to ensure the instantaneous replenishment of inventory avoiding any stock outs.
Ordering a larger amount at one time will increase holding costs but decrease ordering costs, while ordering smaller amounts more frequently will decrease holding costs but increase ordering costs. Classification of materials in mainly based on similarity of a certain nature between various materials. The classification of materials is mainly based on criticality of the materials on functional basis. The POS System can be a very expensive route and not to mention very costly in maintenance contracts.
It is the grand total of goods sold , which includes food cost and alcohol (also known as  the alcohol pour cost), and total labor cost. When you buy any 6 or more forms, checklists, quick reference charts, or spreadsheets from our website you will receive an immediate 50% discount off your entire order! Namun pada saat ini dimana adanya e-commerce, integrasi pada proses supply chain, era globalisasi, dan proses yang just in time, Pergudangan menjadi semakin kompleks—bahkan menjadi beban biaya yang semakin mahal.
Gudang yang baik adalah kemampuan untuk memaksimalkan ruang, peralatan, tenaga kerja kemudahan mengakses barang-barang yang disimpan dan keamanan serta keselamatan kerja.
Salah satu dasar pembentukan budaya dan pola kerja ini adalah penataan tempat kerja yang benar. Phitagoras Global Duta is a management consulting firm dedicated to support organizations, in all sectors of business, industry and government. As soon as you've made sure one product's inventory is correct, another discrepancy always seems to appear. From what to do with obsolete inventory to tips for negotiating with suppliers, there are numerous strategies for gaining more space in your warehouse, ordering the quantities you actually need and increasing your bottom line.
You know the computer system hasn't been giving the most accurate quantities lately and try to make up an excuse. You're company paid taxes on something it didn't really have and you risk problems with the IRS for not paying enough taxes on the items you didn't count.
Your organization would reduce wasted space and increase revenue if you could replace the old inventory with more of your top-selling items. With the tips, tools and techniques provided in this one-hour webinar, you'll learn strategies for implementing new purchase order policies, eliminating misleading counts and prioritizing your organizations deadlines to leave you breathing easier about your organization's inventory, projections and budget.


Don't endure another grueling inventory count, fall victim to inaccuracies or be overrun with frustration. If you have busy HR department, this feature-rich and easy to use computerized utility manage tour and training records of staff members in best possible mode.
With companies struggling to keep up with their competitors and having more demanding customers, supply chains are getting more complex than before. This workshop consists of a series of learning experiences, each having a distinct objective and focusing on fundamental knowledge and skills necessary for successful inventory and warehouse management. The organization holds inventory stocks which must be effectively managed in order to minimize inventory costs as well as maximize economies & sales opportunities.
The re-ordering point is determined mainly by the lead time in receiving the ordered materials. The EOQ model determines the order quantity that minimizes the sum of all kinds of costs, providing maximum economy to the organization. Classified materials allow organization to manage inventories effectively and make decisions for material inventories lots rather than making decisions for individual material units. The degree of criticality can be stated as whether the material is vital to the process of production, or essential to the process of production or desirable to the process of production. The materials with high frequency of usage need to be stocked more in order to meet demand whereas materials with low frequency of usage need to be stocked less in order to limit investment in inventory.
Once the contents of first bin are exhausted, order for the next lot of the materials is placed. Once you set the system up the only time you would have to change any information is when you add or remove food product from the inventory.
It is recommended to be on an accrual accounting system in order to have an accurate prime cost number.
Another words this will be the total of all the product that your restaurant physically used or disappeared from your restaurant shelves after it was sold. Total labor cost are part of the prime numbers which includes  payroll taxes , employee benefits, health insurance and workers’ compensation. Have you mastered the tools and techniques for gaining control of your inventory and maintaining your sanity in today's fast-paced business environment?
He comments that his business must not be important to you if you can't even keep track of his inventory.
You'll be able to implement what you learn immediately and see positive changes in your work life as soon as you return to your desk. Learn proven solutions and time-saving tips that will help cut costs and ensure accurate counts and inventories more effectively and efficiently than ever before!
VED ranking may be done on the basis of the shortage costs of materials, which can be either quantified or qualitatively expressed. Meanwhile, the second bin comprises of sufficient quantity of the material to satisfy the expected demand during the order lead time. Once you have entered the necessary information into the system it will calculate automatically. Inventory control is the technique of maintaining the size of the inventory at some desired level keeping in view the best economic interest of an organization. This method facilitates inventory controllers to maintain consistent supply and avoid stock out situations.
Orders aren't placed for badly needed stock and the result is missed sales, instant shortages and lost income. However, this method is feasible for materials which are consumed at a steady frequency or the fluctuations in demand are limited & predictable.
If these situations sound familiar, you're in desperate need of simple solutions and successful strategies to increase accuracy and efficiency in inventory purchasing and production — and all while saving time and money!
When you are done entering the counts into the system than you will be able to view the food cost percentages. Food cost percentage may fluctuate due to your menu mix and  what type restaurant you are such as: up scale or causal style dining. Let’s take a Practice TestHere you can take a Practice Test before the Certificate Exam so that you know your strengths and weaknesses. Spread them out all through out the week.Have a mix of employee strengths and the employee pay rates per shift. The first employees that should be sent home due to a drop in sales should be the employees that have the highest pay rates.Cross Train your employees to work in more than one position.



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Comments to Inventory management training activities

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