This three-day workshop is designed to give warehouse and stores staff an understanding of the significant role they can play in inventory management and the contribution that they can therefore make to business efficiency. The goal is to provide participants with an appreciation of the need to control inventory, which represents a significant investment for an organization. They are provided with an insight into how their function can affect profitability and are introduced to a range of modern techniques for securing the efficient storage of inventory.

Content

The Stores Function

• Purpose and Responsibilities
• Reasons for Holding Stock
• Cost of Holding Stock
• The cost if Poor Service

Stores Layout and Equipment Selection

• Range of Equipment
• Space Utilization Characteristics
• Rationale for Selection
• Location Systems: Identity, Fixed and Random

Essential Working Practices

• Security and Reducing Stock Loss
• Operating Hours
• Product Knowledge and Material Identification
• Housekeeping
• Traceability

Health and Safety

• Employers and Employees Responsibilities
• Personal Protective Equipment
• Accident Reporting
• Environmental Issues
• Training and Enforcement

Stores Documentation/Data Collection

• Bar Coding and Data Captures
• Receipts and Issues
• Certificate of Conformance
• Necessity of Accuracy
• Computer Application

Stock Records, Stocktaking and Control

• ABC Analysis
• Basic Concepts of Quantity and Time-Based Systems
• Min-Max Systems
• Re-Order Systems and JIT
• Periodic or Cyclical Stocktaking
• Treatment of Discrepancies
• Obsolete, Redundant and Surplus Stock

For Whom: Stores Managers, Decision Makers, Purchasing Managers, Production Managers, Operations Managers, Supervisors, Inventory Planning Managers, Procurement Managers, CFO, Directors, Accountants, Auditors, Finance Managers, Finance Managers and others who perform related functions or who want to update/sharpen their knowledge or skills in store management.