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.
This GLOMACS training course will destroy this myth of un-importance and demonstrate just how to:
Evaluate procedures, change and improve methods wasteful activities and excess costs
Discover all of the essential tools for the effective management of warehousing and inventory
Achieve best in class performance is exactly what this course is about
Use all of the practical skills to take back to the workplace so that all those internal problems that limit performance are avoided
Apply the required principles and look at many practical applications in a highly interactive learning environment; delegates will have fun while learning principles and skills to ensure that they are able to change current methods and activities
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.
Objectives
By the end of this Excellence in Warehouse and Inventory Management training course, delegates will be able to:
Learn the principles of Warehouse and Inventory Management
Evaluate current procedures
Examine operations and activities
Analyze the key areas of operations
Identify and Understand key performance indicators
Succeed in improving operations
Improve personal productivity
Make needed changes to methods to improve customer service whilst achieving reductions in inventory
Eliminate wasteful costs
Avoid those internal problems that limit performance
Obtain added value for money
Understand and implement the essential tools for managing warehouses and inventory in the supply chain
Training Methodology
Warehouse and Inventory Management consists of nineteen modules containing lecture content, participative discussions, and many case studies to make this GLOMACS Purchasing, Logistics & Supply Chain Management training come alive. The supportive comprehensive training course manual will enable practical application and reinforcement and ensure back at work applications.
Organisational Impact
A legacy of increasing product availability and customer service levels is the ever-increasing requirements to:
Examine the link of stock in the company operations and activities
Analyse the key areas of warehouse operation
Identify and understand key performance indicator
Succeed in improving operation
Organisations are much more healthy and productive when they have effective warehouse and inventory operations that provide superior customer service and product availability
Personal Impact
See how to conduct an analysis of stock
Gain from making productivity improvements in all operations
Understand how to select and maintain warehouse equipment
Conduct safe working practices and operations
Apply a framework for continual improvement
Gain the financial benefits that effective warehouse and inventory management can bring
Who Should Attend?
This GLOMACS training course 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
Course Outline
MODULE I - Warehouse and Stores Management
DAY 1
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
The Location and Capacity of Warehouses
Product Classification
Supply / Demand Variables
ABC Analysis or the 80/20 Rule
Determining Product Handling Groups
Throughputs and Product Formats
DAY 2
Layout Options
Receiving Options
Storage Options
Picking / Assembly Options
Dispatching Options
Using the Floor and the Height Space
Organising for Flow
Methods and Equipment
Equipment required for lifting, storing and moving equipment available for specific layout options, including:
Loading Bays
Selecting Fork Lift Trucks
Selecting Racking
Implications for Warehouse Layouts
Operational Timings and Planning
The Use of IT within the Warehouse
DAY 3
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
DAY 4
Productivity and Costs
Fixed and Variable Costs
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
As warehouses are a link in the total process of satisfying customers, this session will also examine:
Internal and External Customers
Customer Service Measure
Customer Service Sampling
Effects of Substandard Service
Minimising Errors
DAY 5
Warehouse Layouts and Productivity
Different Types of Layout with Advantages and Disadvantages
Planning for Flow in the Warehouse
Calculations for Storage
Calculations for throughput and Productivity
Checklists to help on deciding the best option to take back to the participants’ workplace
MODULE II - Inventory and Stock Control Management
DAY 6
Inventory and the Supply Chain
Inventory Definitions and Importance
Inventory Flow in the Supply Chain
The Basic Rules of Successful Supply Chain
Supply Chain and Inventory Dynamics
Financial Management and Inventory
Statistics Application in Inventory Control
Truths on Inventory Visibility
DAY 7
Key Components to Understanding Effective Inventory Control
End-User Demand Analysis
Forecasting for Operations and Maintenance
Understanding Supply Lead Time
Cost & Benefits Analysis
Developing Inventory Policies
The Need for Inventory in Organizations
DAY 8
Inventory Mechanics, Methods and Systems
Basic Mechanics of Inventory Systems
Establishing Order Quantity
Implications of Free Stock in Inventory
Simple Replenishment Methods, for example, Min / Max
Replenishment Methods, Reorder Point and Reorder Level (ROP / ROL)
Requirements Planning Systems, Bills of Material and Inventory Planning
Class Assignment Inventory Control Methods
DAY 9
Establishing Stock Control
Establishing Stock Checking
Developing Stock Accuracy
Stock Tolerances and Approvals
Stock Reconciliations / Discrepancies
Identifying Surplus and Obsolescent Stock
Identifying Different Storage Conditions
Understanding Stock Coding
Stock Variety Reductions
DAY 10
Understanding Inventory Strategies
Creating Inventory Policy
Incoterms and the Supply Chain Rules
Understanding Vendor Managed Inventory (VMI) and Co - Managed Inventory (CMI)
Inventory Improvements
Using the Supply Chain
Using the Theory of Constraints
Practical Inventory Improvements
Keys to Reducing Stock Levels
Model for Planning Inventory
Certificates
On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations
Endorsed Education Provider
GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org
In Association With
Oxford Management Centre
A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.
Best Practices for Managing & Improving Warehouse, Inventory and Stock Control Operations
Upcoming Dates
Code
Date
Venue
Fees
MM015
15 - 26 May 2023
Dubai - UAE
$11,900
MM015
17 - 28 Jul 2023
Istanbul - Turkey
$11,900
MM015
04 - 15 Sep 2023
Dubai - UAE
$11,900
Introduction
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.
This GLOMACS training course will destroy this myth of un-importance and demonstrate just how to:
Evaluate procedures, change and improve methods wasteful activities and excess costs
Discover all of the essential tools for the effective management of warehousing and inventory
Achieve best in class performance is exactly what this course is about
Use all of the practical skills to take back to the workplace so that all those internal problems that limit performance are avoided
Apply the required principles and look at many practical applications in a highly interactive learning environment; delegates will have fun while learning principles and skills to ensure that they are able to change current methods and activities
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week training course.
Objectives
By the end of this Excellence in Warehouse and Inventory Management training course, delegates will be able to:
Learn the principles of Warehouse and Inventory Management
Evaluate current procedures
Examine operations and activities
Analyze the key areas of operations
Identify and Understand key performance indicators
Succeed in improving operations
Improve personal productivity
Make needed changes to methods to improve customer service whilst achieving reductions in inventory
Eliminate wasteful costs
Avoid those internal problems that limit performance
Obtain added value for money
Understand and implement the essential tools for managing warehouses and inventory in the supply chain
Training Methodology
Warehouse and Inventory Management consists of nineteen modules containing lecture content, participative discussions, and many case studies to make this GLOMACS Purchasing, Logistics & Supply Chain Management training come alive. The supportive comprehensive training course manual will enable practical application and reinforcement and ensure back at work applications.
Organisational Impact
A legacy of increasing product availability and customer service levels is the ever-increasing requirements to:
Examine the link of stock in the company operations and activities
Analyse the key areas of warehouse operation
Identify and understand key performance indicator
Succeed in improving operation
Organisations are much more healthy and productive when they have effective warehouse and inventory operations that provide superior customer service and product availability
Personal Impact
See how to conduct an analysis of stock
Gain from making productivity improvements in all operations
Understand how to select and maintain warehouse equipment
Conduct safe working practices and operations
Apply a framework for continual improvement
Gain the financial benefits that effective warehouse and inventory management can bring
Who Should Attend?
This GLOMACS training course 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
SEMINAR OUTLINE
MODULE I - Warehouse and Stores Management
DAY 1
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
The Location and Capacity of Warehouses
Product Classification
Supply / Demand Variables
ABC Analysis or the 80/20 Rule
Determining Product Handling Groups
Throughputs and Product Formats
DAY 2
Layout Options
Receiving Options
Storage Options
Picking / Assembly Options
Dispatching Options
Using the Floor and the Height Space
Organising for Flow
Methods and Equipment
Equipment required for lifting, storing and moving equipment available for specific layout options, including:
Loading Bays
Selecting Fork Lift Trucks
Selecting Racking
Implications for Warehouse Layouts
Operational Timings and Planning
The Use of IT within the Warehouse
DAY 3
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
DAY 4
Productivity and Costs
Fixed and Variable Costs
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
As warehouses are a link in the total process of satisfying customers, this session will also examine:
Internal and External Customers
Customer Service Measure
Customer Service Sampling
Effects of Substandard Service
Minimising Errors
DAY 5
Warehouse Layouts and Productivity
Different Types of Layout with Advantages and Disadvantages
Planning for Flow in the Warehouse
Calculations for Storage
Calculations for throughput and Productivity
Checklists to help on deciding the best option to take back to the participants’ workplace
MODULE II - Inventory and Stock Control Management
DAY 6
Inventory and the Supply Chain
Inventory Definitions and Importance
Inventory Flow in the Supply Chain
The Basic Rules of Successful Supply Chain
Supply Chain and Inventory Dynamics
Financial Management and Inventory
Statistics Application in Inventory Control
Truths on Inventory Visibility
DAY 7
Key Components to Understanding Effective Inventory Control
End-User Demand Analysis
Forecasting for Operations and Maintenance
Understanding Supply Lead Time
Cost & Benefits Analysis
Developing Inventory Policies
The Need for Inventory in Organizations
DAY 8
Inventory Mechanics, Methods and Systems
Basic Mechanics of Inventory Systems
Establishing Order Quantity
Implications of Free Stock in Inventory
Simple Replenishment Methods, for example, Min / Max
Replenishment Methods, Reorder Point and Reorder Level (ROP / ROL)
Requirements Planning Systems, Bills of Material and Inventory Planning
Class Assignment Inventory Control Methods
DAY 9
Establishing Stock Control
Establishing Stock Checking
Developing Stock Accuracy
Stock Tolerances and Approvals
Stock Reconciliations / Discrepancies
Identifying Surplus and Obsolescent Stock
Identifying Different Storage Conditions
Understanding Stock Coding
Stock Variety Reductions
DAY 10
Understanding Inventory Strategies
Creating Inventory Policy
Incoterms and the Supply Chain Rules
Understanding Vendor Managed Inventory (VMI) and Co - Managed Inventory (CMI)
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