Excellence in Warehouse and Inventory

• Warehouse Managers and Supervisors
• Supply Chain Professionals
• Operations Managers
• Inventory Control Analysts
• Logistics Coordinators
• Procurement Officers

Module 1: Warehouse & Stores Management

Day 1: The Role of the Warehouse

• Why we need a warehouse: Functions and importance in the supply chain
• Warehouse functions: Sorting, storing, and handling
• Warehouse placement: Location, capacity, and product classification
• ABC Analysis (80/20 Rule): Product handling groups and demand variables

Day 2: Warehouse Layout & Equipment

• Layout options: Receiving, storage, picking, and dispatching strategies
• Optimizing space: Using floor and height space
• Selecting equipment: Forklifts, racking, and loading bays
• Operational timings: Efficient planning and IT integration in warehouse management

Day 3: Health and Safety

• Duty of care: Inspections, risk assessments, and maintenance
• Security: Minimizing internal and external theft
• Preventative measures: Raising awareness and best practices

Day 4: Productivity and Costs

• Cost management: Fixed vs. variable costs, and understanding warehouse productivity
• Setting targets: Productivity and cost target setting
• Service levels & customer satisfaction: Minimizing errors and improving service

Day 5: Warehouse Layouts & Productivity

• Types of layouts: Advantages and disadvantages of different layouts
• Calculations for storage: Planning for flow, throughput, and productivity
• Checklists: Tools for deciding the best layout for the workplace

Module 2: Inventory & Stock Control Management

Day 6: Inventory and the Supply Chain

• Inventory flow: Its role in the supply chain and financial management
• Inventory visibility: Importance and truths about inventory management
• Supply chain dynamics: Understanding how inventory interacts with the entire supply chain

Day 7: Effective Inventory Control

• End-user demand analysis: Understanding demand and forecasting
• Lead time & cost-benefit analysis: Assessing inventory needs and developing policies
• Inventory policies: How to create effective policies for stock management

Day 8: Inventory Mechanics and Methods

• Replenishment methods: Min/Max and reorder point (ROP/ROL) systems
• Inventory planning: Bill of materials, requirements planning, and stock control
• Class assignment: Evaluating different inventory control methods

Day 9: Stock Control and Accuracy

• Stock checking: Establishing effective stock taking and reconciliation processes
• Identifying surplus or obsolescent stock: Managing stock quality and shelf life
• Stock coding: Understanding stock codes and improving stock accuracy

Day 10: Inventory Strategies and Optimization

• Inventory policy: Developing and applying inventory strategies
• Vendor Managed Inventory (VMI): Understanding VMI and Co-managed inventory (CMI)
• Supply chain optimization: Keys to reducing stock levels and applying the Theory of Constraints