Kh. Shahidul Islam, Vice President, Dhaka Chamber of Commerce & Industry (DCCI) & Chief Guest, urged upon the entrepreneurs and executives of business organizations to have proper knowledge of Logistics, Inventory & Store Management to achieve long-term business success in the present day of competitive global market. He made the plea at the Certificate Awarding Ceremony of the training course on August 13, 2014. He stated that Logistics and Inventory management is seen as a system for assuring the availability of products desired by customers at the optimum cost of manufacturing and distribution companies. Store management must see timely delivery of raw materials of proper quality at the factory. Store function is a vital part of every undertaking. It involves the activities of receiving, storing and issuing of materials, stores accounting and store verification.
On behalf of the participants, Md. Azaher Uddin, General Manager (Engineering), CathWeld Construction Co. Ltd., expressed happiness in getting a lot of useful knowledge and valued information within a short period from the course which has broadened their mental horizon and made them conversant with Inventory & Store-related issues. He also highlighted the quality of three Resource Persons having vast knowledge and practical experience on the subject. Executive Director, DBI Md. Hossain Ali thanked the participants for their positive evaluation. He urged upon them to be forward-looking so as to exploit emerging opportunities in the globalised market, stressing that their learning will be effective only if they apply their acquired knowledge in day-to-day activities and continue to enhance their skills. He also invited them to participate in other suitable courses of DBI, as needed.
The content of the course were: Concept of Store Management; Production / Operation Planning; Stores and Store Planning for Better Store Keeping, Safety, etc.; Store Handling Equipments; Material Management, Inventory Control, Materials Requirement Planning and Use of Computer; Make or Buy Decisions; Cost Associated with Inventory; Purchasing Principles and Procedures to Replenish the Inventory/Stock; and Other Models for Better and Effective way of Managing Inventory with a view to reducing cost and improving inventory system.
Twenty Nine (29) participants, from different prominent business organizations and other individuals at their own expenses, participated in the course. The Course was coordinated by Tamanna Sultana, Assistant Secretary (Training), DBI. At the end, certificates were distributed among the participants by the Chief Guest.