Inventory Management Strategies
Prof. B V N Sachendra
Programme Director
This training aligns with the Karmayogi competency in Material Management.
PROGRAMME OVERVIEW
In the contemporary fast-moving global economy, businesses must expertly navigate the complexities of large-scale product movement. The rise of rapid delivery has transformed customer expectations, making inventory management not just an operational necessity but a strategic advantage.
Success in inventory management lies in striking the right balance—minimising costs while ensuring seamless supply. Yet, many organisations underestimate hidden expenses, from storage and insurance to taxes and the capital locked in stock. These overlooked costs can erode profitability and hinder growth.
The COVID-19 pandemic served as a wake-up call, exposing vulnerabilities in supply chains worldwide. Over-reliance on distant suppliers and lean inventory models left businesses scrambling to meet demand. Now, organisations are rethinking their strategies—blending Just-In-Time (JIT) efficiency with Just-In-Case (JIC) resilience. By diversifying suppliers and strengthening domestic networks, they are future-proofing operations against unforeseen disruptions.
This programme is designed to empower professionals with cutting-edge inventory management techniques. From cost reduction strategies to agile supply chain solutions, participants will gain the tools to optimise inventory, enhance efficiency, and drive business success in an unpredictable world.
OBJECTIVES
- Strengthening knowledge of procurement, planning, and inventory control.
- Reducing excess inventory while ensuring optimal stock levels for enhanced customer service, higher investment turnover, and profitability.
- Facilitating experience-sharing to assess current inventory methods, refine existing systems, and determine optimal inventory levels and replenishment policies.
CONTENT
Day 1: Supply Chain Perspective & Stock Planning
- Understanding the supply chain perspective and its role in minimising inventory costs.
- Building effective supplier relationships.
- Mathematical models for optimal stock-level planning.
Day 2: Procurement Policies & Inventory Control
- Public procurement procedures and policies.
- Latest trends and best practices in inventory management.
- Business simulation game on demand forecasting and inventory risk management.
Day 3: Legal Aspects & Vendor Management
- Legal considerations in procurement and materials management.
- Vendor performance evaluation and management.
- Karmayogi Competencies and future strategies for organisations.
METHODOLOGY
The training employs an interactive approach incorporating classroom sessions, case studies, and experience sharing to enhance learning outcomes.
FACULTY PROFILE
The programme will be led by Prof. BVN Sachendra, Professor and Dean of Training Programmes, with nearly three decades of experience in teaching and training. He has trained thousands of procurement, contract management, and supply chain management officers. The faculty team will include distinguished civil servants, industry practitioners, and College faculty members.
PARTICIPANT PROFILE
This programme is designed for middle and senior executives involved in forecasting, demand management, sales and operations planning, production planning, material requirements planning, and inventory control. It is also valuable for operations managers, planners, product managers, and senior officers engaged in inventory accuracy, cycle counting, lot sizing, safety stock management, warehousing, shipping, and material handling.
Organisational sponsorship is essential
VENUE
The programme is fully residential and the participants will be accommodated in air-conditioned single occupancy rooms. The college does not provide accommodation for the family. The college is Wi-Fi enabled in a comprehensive way.
DURATION
The programme duration is 3 days starting from July 16 - 18, 2025. The participants are expected to arrive a day before commencement and may leave after the conclusion of the programme.
PROGRAMME FEE
Residential Fee: Rs. 43,700/- (US $683 for foreigners) plus GST as applicable (presently 18%) per participant. The fee covers tuition, board and lodging, courseware (in electronic form) and other facilities of the College including internet usage.
Non-Residential Fee: Rs. 37,700/- plus GST as applicable (presently 18%) per participant. The fee covers tuition, course ware (in electronic form) working lunch and other facilities of the College including internet usage.
A discount of 10% on the Programme fee for three or more participants from the same organisation will be given, provided the payment is credited into
our Bank account before July 14, 2025.
Note: Kindly forward us the details of the Bank/ Wire transfer of the programme fee through email to: [email protected] for confirmation.
MEDICAL INSURANCE
The nominees are requested to carry with them the proof of Medical Insurance. The sponsoring agency is required to endorse the nominees' medical coverage in the event of hospitalization
LAST DATE FOR NOMINATION
Please use the prescribed/attached form. Last date for receiving nominations is July 02, 2025. Kindly contact Programmes Officer for further details (contact details are given at the end of the nomination form).
LAST DATE FOR WITHDRAWAL
July 09, 2025. Any withdrawals after this date will entail forfeiture of fee paid, if any.
ASCI ALUMNI ASSOCIATION
Participants of the College programmes will automatically become members of the ASCI alumni association.
CERTIFICATE OF PARTICIPATION
The College issues a Certificate of Participation on conclusion of the programme.
For Indian Participants:
| Bank Account Number | 62090698675 |
|---|---|
| Beneficiary Name | Administrative Staff College of India |
| IFSC Code | SBIN0020063 |
| Bank Name | State Bank of India |
| Branch Address | Bellavista Branch, Raj Bhavan Road, Somajiguda, Hyderabad - 500 082. |
For Foreign Participants:
| Bank Account Number | 62090698675 |
|---|---|
| Beneficiary Name | Administrative Staff College of India |
| Swift Code | SBININBB327 |
| Bank Name | State Bank of India |
| Branch Address | Bellavista Branch, Raj Bhavan Road, Somajiguda, Hyderabad - 500 082. |
| Country | India |
Administrative Staff College of India
Bella Vista, Raj Bhavan Road, Khairatabad, Hyderabad - 500 082, India.
Telefax (Programmes Office) : 0091-40-23324365
Mobile: 9246203535, Phone : 0091-40-66534247
Fax : 0091-40-66534356
ASCI is the first Management Development Institution set up in the country at the instance of the Government of India and industry in 1956 to impart state-of-the-art management education for practicing managers, a legacy that we proudly take forward with a strong alumni of over 1,63,000. We are proud of our alumni which includes the leaders of Indian industry and senior Civil Servants in the government, public sector undertakings to be a part of this unique organisation. We are thankful to you all for the support extended in the past and look forward to your continuing patronage in 2023-24.
Also, ASCI conducts customized programmes for Government of India, State Governments, Public Sector, Private Sector and various international organisations. Our experienced faculty bring to the table a wealth of academic credentials, rich industry exposure and act as a catalyst in the classroom discussions, case study analyses and tutorials. Our faculty also conduct international programmes which provide an exposure to the global best practices. In addition to this, faculty at ASCI also carry out large number of management research activities (typically about 100 each year) which helps them provide the much needed value addition in the training programmes. In addition, we conduct non-residential programmes at our New Delhi Centre as well as off-campus programmesat the venue of the client’s choice
College Park Campus
ASCI, Road No.3, Banjara Hills,
Hydeabad-500 034, Telangana, India
+91-40-66720700/01/02/05
+91-40-66720725
Delhi Campus
ASCI, C-24,Institutional Area, South of IIT
Behind Qutub Hotel, New Delhi-110016.
+91-11-26962204,26961750,26961850
+91-11-26866097