Warehouse Management and Latest Development in Inventory Rationalization
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Warehouse Management and Latest Development in Inventory Rationalization Course
Introduction:
Join our program to enhance your warehouse and inventory management skills and apply them effectively in your workplace. We'll guide you in exploring the vital connection between stock and company operations, analyzing key areas of warehouse operation, understanding essential performance indicators, and achieving operational improvements. By establishing efficient warehouse and inventory operations, organizations can boost productivity and ensure exceptional customer service and product availability. Get ready to elevate your skills for success!
Course Objectives:
By the end of this program you 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
- Analyzing costs and lead times
- Understanding of the link of warehousing and inventory in the supply chain and its interactive components
- Changing current methods to optimize cost and serve trade-offs
- Improving current methods
- Sharing different approaches with all stakeholders for mutual gain
- Discussing, listening, and understanding the point of view of others
- See how to conduct an analysis of stock
- Gain from making productivity improvements in all operations
- Understand how to select and maintain warehouse equipment
- Conduct safe working practices and operations
- Apply a framework for continual improvement
Who Should Attend?
- This program is for all individuals who have a stake in the Supply Chain and all Logistics, Materials, Inventory, Stock, Warehouse and Distribution Professionals
- It will also help those who need to develop their limited understanding of Warehouse and Inventory management
- It will be especially helpful to all those who are looking to make business gains and benefits and to any owners, operators, and directors of companies with warehouse and stores operations and who hold stock and inventory
Course Outlines:
The Role of the Warehouse
An introduction to why we need a warehouse, what functions do they cover, how do they fit into the supply chain including:
- The balance between sorting and storing
- 12 initial questions to ask about warehousing activity
Product Classification
It is important to establish key characteristics of the products handled as this have implications for all the warehouse operations. Such characteristics include:
- Supply /demand variables
- ABC Analysis or the 80/20 rule
- Determining product handling groups
- Throughputs and product formats
Layout Options
In examining all the operations undertaken, the balance has to be found between maximizing space usage whilst minimizing the time taken to carry out the operations. This involves looking at:
- Receiving options
- Storage options
- Picking/assembly options
- Despatching options
- Using the floor and the height space Organizing for flow
Methods and Equipment
Here we specifically look at the lifting, storing, and moving equipment available for specific layout options, including:
- Warehouse structures
- Loading bays
- Selecting forklift trucks
- Selecting racking
- Implications for warehouse layouts
- Operational timings and planning
Health and Safety
Warehouses are potentially dangerous areas in which to work, and an overview of the appropriate legalization will be looked at, including:
- Duty of care
- Inspections and risk assessments-task analysis
- Equipment maintenance and care
- Raising peoples awareness
Security and Loss
This session looks at minimizing internal and external theft, recognizing that, generally internal theft is the major problem. Preventative measures will be briefly discussed.
Productivity and Costs
To make operations efficient and effective, then cost control and productivity need to be managed. This session will therefore look at:
- Fixed and variable cost
- Typical costs involved
- A model for understanding the roles of productivity, utilization, and performance
- Setting productivity and cost targets
- The importance of having measurements and key indications of performance
Service Levels
As Warehouses are a link in the total process of satisfying customers, this session will therefore look at: