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Inventory Management & Stock Control
Objectives

Objectives: This course is designed to enable Participants to:

- Maximize customer service and provide fast and accurate issuing.

- Plan and control the warehousing operation to :- 

- Minimize the operational costs.

- Guarantee safety to the warehouse personnel and facilities.

- Plan to develop the warehouse personnel.

- Effectively organize your store and warehouse

- Reduce time wasted in locating stock

- Use correct handling equipment

- Increase your knowledge on good housekeeping of store & warehousing functions

- Select the appropriate type of equipment

Outlines

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

- 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

 

DAY 2

Layout Options

- Receiving options

- Storage options

- Picking/assembly options

- Dispatching options

- Using the floor and the height space

- Organizing for flow Methods and Equipment Here we specifically look at the lifting, storing and moving equipment available for specific layout options, including:

- Warehouse structures

- Loading bays

- Selecting fork lift trucks

- Selecting racking

- Implications for warehouse layouts

- Operational timings and planning

 

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

DAY 4 

Preventative measures will be briefly discussed. DAY 4 Productivity and Costs

- Fixed and variable cost

- Typical costs involved

- A model for understanding the roles of productivity, utilization, 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 therefore look at:

- Internal and external customers

-The three key customer service measure

- Customer service sampling

- Effects of substandard service

- Minimizing errors

 

DAY 5

Stock Coding

- Different methods

- Understanding of all involved

- Checklists to help on deciding the best option Stock Recording

- Separation of powers

- Legal issues

- How do we get inaccuracies? Stock Checking

- Roles and responsibility

- Requirements

- Job Descriptions

- Authority levels

- Tolerances and approvals

- The programme

- Options Reconciliations / discrepancies

Who Should Attend

 

- Storekeepers

- Warehouse managers

- Warehouse supervisors who wish to enhance their current skills in managing stores and warehouse.

- Logistics operations personnel

Duration

5 Days

Start Date End Date Country City

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