This is a workshop for the warehouse or stockroom manager, the person in charge of what comes in and goes out of the company. You want a smooth and cost-effective operation, with enough products on hand to satisfy needs without stockpiling too much.
By the end of this workshop, participants will be able to:
Understand terms that are frequently used in warehouse management
Identify the goals and objectives of inventory management, and measure their process against these goals
Calculate safety stock, reorder points, and order quantities
Evaluate inventory management systems
Identify the parts of the inventory cycle
Better maintain inventory accuracy
Delivery Methods
Leading Training is focusing on providing virtual training
courses for the foreseeable future and will only consider
in-person and classroom training on request, with a required
minimum group size of four delegates. We remain committed to
offering training that is fast, focused and effective.
Save up to 10% by booking and paying
10 business days before the course.
Brochure:
Information may change without notice.
Audience
Admin staff Inventory Managers Stock Managers
Pre-Requisites
None
Course Outline / Curriculum
You will spend the first part of the day getting to know participants and discussing what will take place during the workshop. Students will also have an opportunity to identify their personal learning objectives.
What is Inventory?
To begin, participants will explore what inventory is and what key concepts (including LIFO, FIFO, backorders, and lead time) mean. Participants will also look at the goals and objectives of inventory management and analyze where their system can improve.
Types of Inventory
This session will explore anticipation, fluctuation, lot size, and transportation inventories.
Key Players
Next, participants will discuss what roles customers, top management, and employees play in the inventory management system.
Setting up the Warehouse
This session will discuss the objectives of a warehouse and ways to maintain location accuracy.
What Makes a Good Inventory Management System?
Next, participants will discuss types of inventory management systems and criteria for a good system.
The Warehouse Inventory Cycle
This session will introduce the warehouse inventory cycle of demand, receiving, validation, and put-away.
Identifying Demand
Participants will learn how to determine order quantities, re-order points, and safety stock through discussion and a case study.
The Receiving Process
Next, participants will learn what should happen when materials are received into inventory.
Validating Inventory
This session will explore ways to validate the quality of merchandise.
The Put-Away Process
Participants will discuss the five goals of the put-away process.
Maintaining Inventory Accuracy
Next, participants will learn ways to keep their inventory organized and controlled.
The Outbound Process
This session will look at the phases of the outbound process: picking, packing, loading, and shipping.
Industry Trends
To conclude the workshop, we will explore some of the latest inventory management trends, including Six Sigma and the Just-In-Time (JIT) system.
Workshop Wrap-Up
At the end of the day, students will have an opportunity to ask questions and fill out an action plan.
Schedule Dates and Booking
There are currently no scheduled dates.
Please note that this course needs a minimum of 6 delegates to schedule
a course. You can choose to be added to the waiting list by clicking the
button below and we will contact you when we have enough delegates
interested. Should we not get enough delegates, we will refund or credit
your paid booking.
Should you need this course urgently, the following options are
available:
Pay for 6 delegates (whether you have them or not) and we will
schedule the course as soon as possible.
If you have fewer delegates and cannot pay for 6, we can negotiate
a shortened course where some of the time will be spent in blended
learning - watching videos and doing tutorials and exercises with
some contact time with the trainer. We would want to discuss what
your core needs are so that we cover those aspects. You need to have
paid for 3 delegates at least.
Bringing your own PC
It is very important that you have full administrator rights to your
computer so that any software needed for the course can be installed
correctly.
Please ensure that you arrive at least 30min early on the first day
of training in order to get your PC setup correctly.
If this is not possible then it will be better to make use of our
computer.
