Inventory Control And Warehouse Management Course
Details
Introduction
Warehouse is essential for an industrial unit. It is the depository of all materials required by the industrial unit and supplies materials as and when required. Inventory Control and Warehouse Management is critical in operations as inventory is a
current asset to a firm. This course focuses on optimizing the development, management and maintenance of strategies of inventory control and warehouse management. It enables professionals to gain command of the key elements of a successful operation and provides
a guide to complementing warehousing activities with prudent inventory control management techniques.
Course Objectives
By the end of this course the participants will be able to:
o Know the principles and purpose on inventory management and control.
o Understand the costs associated with inventory management.
o Be knowledgeable in Inventory verification and valuation methods.
o Understand the different approaches for effective management of dependent demand and independent demand inventories and when to apply them.
o Know the fundamentals of warehousing and stock handling.
o Understand the organizational structure and functional responsibilities in inventory and warehousing.
o Know how to measure and improve inventory management performance.
o Understand the different types of inventories and importance of inventory to organizations.
Duration
10 days
Who Should Attend
This course targets Finance, procurement, and supply chain professionals looking for ways to become more effective and efficient by improving their inventory management methodologies. Warehouse managers and warehouse employees.
Course Content
Module 1: Warehouse Management
Warehouse Organization
o Introduction to warehouse organization
o Position of Warehouse/stores in the organization
o Organization structure of stores division
o Organization matters for efficient working of stores division
o Delegation of authority
Requisitions and Replenishment of Materials
o Need for requisitioning the material
o Replenishment of stock items
o Preparation of materials requisition report
o Dispatch of requisition to user department
o Review order quantity
Performance Evaluation of Stores Activities
o Criticism of stores division
o Poor inventory control
o Improper store-keeping and Tools Management
o Performance indicators and evaluation
o How is performance evaluation carried out
ISO Standards and Warehouse Activities
o Introduction to ISO standards
o The importance of ISO standards
o Registration for ISO certification
o Warehouse activities and quality assurance
o Stores division activities in conformance to ISO 9001
Warehouse Location, Layout, and Facilities Planning
o Number and size of stores
o Location of stores
o Layout planning of warehouse
o Physical facilities planning
Warehouse Security, Safety, and Maintenance
o Security
o Entry to warehouse
o Management of warehouse keys
o Closing of warehouse
o Issue to authorized individuals
Module 2: Inventory Control
Inventory Classification and Strategies
Codification and Standardization
Inventory Control Model
Inventory Control Techniques
Effective Management of Inventory
Valuation of Inventory
Upskill Development Institute is a leading provider of training, research and consultancy services to international organizations. We assist our clients to improve their skills and confident by offering the best possible solutions to enable them fulfill their objectives for a sustainable result. We strive to improve the quality and accessibility of the training by creating an environment that ensures successful learning from start to finish. Choosing an institution that supports your needs and understands your goals can be a challenge. We aim to eliminate this overwhelming process by providing you with high-quality solutions and courses that fully encompass the shifting tides of the different fields.
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