Course Details
Your Growth, Our Mission
Course Description
Warehouses and Inventory Management are critical for the effective management of procurement and the supply chain to enable the efficient delivery of superior customer service. Warehouses and Inventory controls are often overlooked and are not thought to be an important activity. Therefore, incorrect levels of inventory can be held with attendant knock on effects to costs, availability and customer service.
The Training Course Will Highlight ?
Training Objective
Target Audience
This program is for all individuals who have a stake in the Supply Chain and all Logistics, Materials, Inventory, Stock, Warehouse and Distribution Professionals, It will also help those who need to develop their limited understanding about Warehouse and Inventory management, It will be especially helpful to all those who are looking to make business gains and benefits and to any owners, operators and directors of companies with warehouse and stores operations and who hold stock and inventory
Training Methods
This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include;
- Lectures
- Workshop & Work Presentation
- Case Studies and Practical Exercise
- Videos and General Discussions
Daily Agenda
The Role of the Warehouse
- Why we need a warehouse
- What functions they cover
- How do they fit into the supply chain
- The balance between sorting and storing
- 12 initial questions to ask about warehousing activity
Product Classification
- Supply /demand variables
- ABC Analysis or the 80/20 rule
- Determining product handling groups
- Throughputs and product formats
Layout Options
- Receiving options
- Storage options
- Picking/assembly options
- Dispatching options
- Using the floor and the height space
- Organizing for flow
Methods and Equipment
- Warehouse structures, Loading bays
- Selecting fork lift trucks
- Selecting racking
- Implications for warehouse layouts
- Operational timings and planning
Health and Safety
- Duty of care
- Inspections and risk assessments-task analysis
- Equipment maintenance and care
- Raising people's awareness
Security and Loss
- Minimizing internal theft
- Minimizing external theft
- Preventative measures will be briefly discussed
Productivity and Costs
- Fixed and variable cost
- Typical costs involved
- A model for understanding the roles of productivity, utilisation, and performance
- Setting productivity and cost targets
- The importance of having measurements and key indications of performance
Service Levels
- Internal and external customers
- The three key customer service measure
- Customer service sampling
- Effects of substandard service
- Minimizing errors
Warehouse Layout
- Different types of layout with advantages and disadvantages
- Planning for flow in the warehouse
- Checklists to help on deciding the best option
Inventory and the Supply Chain
- Inventory definitions and importance
- Inventory in the Supply Chain
- The Supply Chain Rules
- Supply Chain and Inventory dynamics
- Inventory and Finance
- Inventory and Statistics
- Truths on Inventory
Inventory Key Concepts
- Key Component: Demand Analysis
- Key Component: Demand Forecasting
- Key Component: Supply Lead Time
- Key Component: Cost & Benefits
- Inventory polices
- Inventory in organizations
Inventory Replenishment Methods and Systems
- Basic mechanics of inventory systems
- The stock time curve
- Order Quantity
- Free stock
- Simple replenishment methods, for example, Min/Max
- Accurate replenishment methods
- Truths on Replenishment
Stock Control and Inventory Performance
- Stock Checking
- Stock accuracy
- Stock tolerances and approvals
- Stock reconciliations / discrepancies
- Surplus and obsolescent stock
- Preservation options
- Storage conditions
- Stock coding
- Variety reductions
Evaluating Inventory Performance
- Inventory Assessment
- Assessing the stock level
- Models for implementing inventory control
- Determining stock targets
- Inventory questions
- Inventory KPI's in warehouses/stores
Inventory Strategies
- Inventory Policy
- Stock Committee
- Critical stock
- Use of squirrel stores
- Forecast or order driven?
- Collaborative planning forecasting and replenishment (CPFR)
- Collaborative supply chains
- Incoterms
- Vendor Managed Inventory (VMI)
- Consignment stocking
- Co Managed Inventory (CMI)
- Call offs
- Telemetry
- ICT
- Outsourcing
Inventory Improvements
- Using the Supply Chain
- Using the Theory of Constraints
- Practical inventory improvements
- Keys to reducing stock levels
- The 7 Rules for planning inventory
- Model for planning inventory
Accreditation
BTS attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.
Quick Enquiry
Request Info
Related Courses
Your Growth, Our Mission
Contact Us
Contact us to meet all your inquiries and needs, as our professional team is pleased to provide immediate support and advice to ensure you achieve your goals and facilitate your experience with us in the best possible way.
UAE
Office
Mobile
E-mail
Working
Hours