Warehousing and Inventory Management Workshop

OBJECTIVE
This course aims to help the supply chain professional to understand and apply major and significant aspects of inventory management:
• Optimize Inventory Levels
• Build an Inventory Management Plan
• Design & Manage Warehouse Operations
• Increase Accuracy, Traceability & Reduce Parts Variety

CONTENT
Introduction
• What is Inventory Management
• Working Capital Cycle
• Why is Inventory Management important
• Why keep Inventory
• How much Inventory to Keep
• The Role of the Inventory Manager

Effective Inventory Management
• Introduction to Effective Inventory Management
• Inventory Management& the Supply Chain Strategy
• Demand Forecasting
• Lead time Management

Inventory Planning
• Introduction to Inventory Planning
• Service Level Policies – OTIF
• Inventory Categorization Techniques
• ABC Analysis
• Fast & Slow Moving, Excess, Obsolete & Defective Stocks
• Traceability and Variety Reduction
• Inventory Coding Systems
• The Inventory Management Plan

Inventory Operations
• Introduction to Inventory Operations
• Monitoring Movements
• Inventory Accuracy
• Measuring and Valuation of Inventory
• Receipt & Issuance of Inventory
• Systems to Replenish Inventory

Warehouse Planning & Systems
• Introduction to Warehouse Planning & Systems
• Warehouse Location & Acquisition Options
• Warehouse Design
• Warehouse Layout
• Materials Handling & Equipment
• Warehouse Operations
• Record Keeping & Communication
• Perpetual Systems/Continuous Review Systems
• International Quality Standards
• Physical Inventory & Cycle Counting

FOR WHOM:
Stores Purchasing and Logistics Personnel in the Public and Private Sectors

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:

1ST BATCH:        4th – 7th Mar,                   2025     

2ND BATCH:       12th – 15th Aug,              2025