Supply Chain & Operations

SOP 10 Inventory Planning and Stock Control – Level 2

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
Course Code:SOC 10
Subject:Inventory Planning & Stock Control-Level 2
Course Fee:£365
Duration:3 Days

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