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Circle Circle
SCM - 01
3 days
Doha
2 January, 2022
7800 QAR

Excellence in Warehouse and Inventory Virtual

Course Overview

Warehouses are often seen as a necessary evil: places that stop the flow of goods and thus increase costs without adding value. Excellence in Warehouse Management covers everything you need to know to manage warehouse operations as part of a streamlined and holistic system, fine-tuned to serve the customer and drive the bottom-line. With thinking points, self-assessment exercises and case studies that the program challenges you to consider your own operations in a new way, and plot a course into the future.

Course Objective

By the end of the course, participants will be able to:

  • Learn the principles of Warehouse and Inventory Management
  • Evaluate current procedures
  • Examine operations and activities
  • Analyze the key areas of operations
  • Identify and Understand key performance indicators
  • Succeed in improving operations
  • Improve personal productivity
  • Make needed changes to methods to improve customer service whilst achieving reductions in inventory
  • Eliminate wasteful costs
  • Avoid those internal problems that limit performance
  • Obtain added value for money
  • Understand and implement the essential tools for managing warehouses and inventory in the supply chain

Who Should Attend?

This training designed for all individuals who have a stake in the Supply Chain and all Logistics, Materials, Inventory, Stock, Warehouse and Distribution Professionals

Course Outline:

Module (01) 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 Storing
  • The Location and Capacity of Warehouses

Module (02) Product Classification

  • Supply / Demand Variables
  • ABC Analysis or the 80/20 Rule
  • Determining Product Handling Groups
  • Throughputs and Product Formats

 Module (03) Layout Options

  • Receiving Options
  • Storage Options
  • Picking / Assembly Options
  • Dispatching Options
  • Using the Floor and the Height Space
  • Organising for Flow

Module (04) Methods and Equipment

  • Loading Bays
  • Selecting Fork Lift Trucks
  • Selecting Racking
  • Implications for Warehouse Layouts
  • Operational Timings and Planning
  • The Use of IT within the Warehouse

 Module (05) Warehouse Layouts and Productivity

  • Different Types of Layout with Advantages and Disadvantages
  • Planning for Flow in the Warehouse
  • Calculations for Storage
  • Calculations for throughput and Productivity
  • Checklists to help on deciding the best option to take back to the participants’ workplace

 Module (06) Inventory and the Supply Chain

  • Inventory Definitions and Importance
  • Inventory Flow in the Supply Chain
  • The Basic Rules of Successful Supply Chain
  • Supply Chain and Inventory Dynamics
  • Financial Management and Inventory
  • Statistics Application in Inventory Control
  • Truths on Inventory Visibility

 Module (07) Key Components to Understanding Effective Inventory Control

  • End-User Demand Analysis
  • Forecasting for Operations and Maintenance
  • Understanding Supply Lead Time
  • Cost & Benefits Analysis
  • Developing Inventory Policies
  • The Need for Inventory in Organizations

 Module (08) Inventory Mechanics, Methods and Systems

  • Basic Mechanics of Inventory Systems
  • Establishing Order Quantity
  • Implications of Free Stock in Inventory
  • Simple Replenishment Methods, for example, Min / Max
  • Replenishment Methods, Reorder Point and Reorder Level (ROP / ROL)
  • Requirements Planning Systems, Bills of Material and Inventory Planning
  • Class Assignment Inventory Control Methods

 Module (09) Establishing Stock Control

  • Establishing Stock Checking
  • Developing Stock Accuracy
  • Stock Tolerances and Approvals
  • Stock Reconciliations / Discrepancies
  • Identifying Surplus and Obsolescent Stock
  • Identifying Different Storage Conditions
  • Understanding Stock Coding
  • Stock Variety Reductions

 Module (10) Understanding Inventory Strategies

  • Creating Inventory Policy
  • Incoterms and the Supply Chain Rules
  • Understanding Vendor Managed Inventory (VMI) and Co – Managed Inventory (CMI)

 Module (11) Inventory Improvements

  • Using the Supply Chain
  • Using the Theory of Constraints
  • Practical Inventory Improvements
  • Keys to Reducing Stock Levels
  • Model for Planning Inventory
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