Details
This one-day inventory management training workshop provides a comprehensive, hands-on introduction to effective inventory management. Participants will learn core concepts like LIFO, FIFO, and lead time, and see how these principles translate into real-world strategies for reducing costs and improving accuracy. From setting up the warehouse and tracking inventory through demand, receiving, and put-away, to exploring advanced techniques like Six Sigma and JIT, attendees will discover best practices they can immediately apply. Whether you're responsible for orders, storage, or shipping, this workshop ensures you leave with a streamlined approach to learn inventory management, meet customer demands, and optimize your warehouse for greater efficiency and control.
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 inventory management training course, participants will be able to:
- Understand terms that are frequently used in inventory 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 management cycle
- Better maintain inventory accuracy
Delivery Methods
| Delivery Method | Duration | ||
|---|---|---|---|
| 1 Day | Get a Quote | ||
| 1 Day | Get a Quote |
Discounts Available
Save up to 10% by booking and paying 10 business days before the course.
Brochure:
Audience
Ideal for:
- Admin staff handling inventory operations
- Inventory managers seeking advanced training
- Stock managers looking to optimize inventory control
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.