Warehouses and stores management are critical for the effective management of procurement and the supply chain to enable the efficient delivery of superior customer service. Warehouse 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 cost, availability and customer service.

CONTENT

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 storming

Inventory and the Supply Chain

• Inventory Management definition
• Type of stock
• Demand replenishment in networks
• Managing the flows

Security and Loss

• Minimizing internal theft

Inventory Replenishment Methods and Systems

• Basic mechanics of Inventory System
• Stock Components
• Surplus Replenishment methods
• Requirements Planning Systems

Stock Control-Coding

• Different coding methods
• Importance of Inventory receipts
• Identifying surplus and obsolescent stock
• Checklists to help on deciding the best option

Inventory Performance

• Assessing the stock level
• Models for Implementing Inventory Control
• Determining stock targets
• Inventory KPI’s in Warehouse/ Stores

For Whom:

Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.

Training Methodology

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.