Understand the inter-relationship of physical stock and inventory management, and how it differs based on type of demand
Accredited by: LONDON INSTITUTE OF SKILLS DEVELOPMENT SIGNATURE PROGRAMME
Who should attend?
- Warehouse Managers
- Professionals in Logistics Functions
- Warehouse and distribution Managers and Supervisors
- Material handling supervisors
- Operational Managers/ Supply chain specialists
- Students / Fresh graduates who want to pursue career in Service Industry and desired to acquire a promising position in a reputable Organization
Learning Objectives
By the end of the course delegates will be able to:
- Manage the key areas of warehouse operations
- Eliminate wasteful activities/costs
- Determine the materials handling cycle, manual and mechanical handling and accident prevention
- Record, manage and measure inventory costs
- Apply: MRP, JIT, Kaizen, Kanban strategies
- Optimise resource planning and overall efficiency
- Establish effective inventory management controls
- Reduce costs of inventory obsolescence
- Improve record-keeping accuracy
Course Content
Overview of Warehousing and Inventory Management
- Fundamentals of Inventory Management
- Replenishment Policies and Inventory Planning
- Warehouse Operational Principles
- Inventory Control
- Strategic Management of Inventory and all types of Stock
Stock Identification and Recording Procedures
- The role of the warehouse in the modern supply chain
- The organisational structure of a warehouse
- Factors determining the location and number of warehouses
- Warehouse design
- Different types of warehousing
Management strategies involved in creating an efficient warehouse
- Implementing a dynamic warehouse management system
- Enterprise Resource Planning
- On Time Complete and On Time Delivery methods
- Floor loads and floors stocks
- Order fulfilment and fill rates
Managing People, Resources, Performance, Health and Safety
- The role of the warehouse manager
- People management
- Resource planning
- Performance management
- Health and safety
Inventory Improvements and the Supply Chain
- The supply chain and the theory of constraints
- Supply chain process mapping
- Saw tooth curve
- Using the Economic Order Quantity (EOQ) graph to find improvements
- Inventory in the distribution network