Inventory Warehouse Management

Course Overview

Inventory/Warehouse Management is very important for the effective operations of warehouses. In the last few years, computerization had improved the overall productivity of operations of warehouses. Likewise, the process of computerization had not replaced the conceptual framework of inventory control and warehouse. The professional approach in the area of inventory control and warehouse has been realized just on the basis of operations that are carried out in the industrial units having large units throughout the world.

Course Objectives

After the course, participants will be able to:

  • Apply all the procedures and techniques that are used for inventory management in supply chains
  • Implementation of the technology for maintaining the procedures of the warehouse
  • Apply the techniques of tracking and controlling the stock inventory reporting and the inventory auditing

Course Contents

    • Organization Warehouse
      • Position of warehouse
      • Delegation of authority
    • Material Demands and its Replacement
      • Replacement of items in stock
      • Distribution of MRP
    • Receipt and Inspection of the Materials
      • Receipt of materials
      • Inspection of materials
    • Issue of Materials
      • Techniques adopted during the emergency issues
      • Procedure used for materials that are issued on loan basis
    • Stocktaking
      • Reason for the balance in inventory
      • Rectification of shortage
    • Divergences and its Resolution
      • DR Distribution
      • Handling of materials used under discrepancy
    • Control of Tools, Surplus and Scrap Materials
      • Control tools
      • Scrap materials
    • Storing and Handling of Materials
      • Storing the motors
      • Storing the industrial gases
    • Computerization of the Activities in Warehouse
      • Creating the database for the transactional tasks
      • Leading the store-keeping and packages of inventory control
    • Evaluation of Store Activities
      • Criticism of stores division
      • Lessons learnt from the performance evaluation
    • Standards of ISO and Activities of Warehouse
      • Activities of warehouse and quality assurance
      • Activities in conformance to ISO 9001
    • Location of Warehouse, Layout and Facilities Planning
      • Storing location
      • Planning of physical facilities
    • Maintenance, Security and Safety of Warehouse
      • Security
      • Safe area of working

Inventory Control

  • Classification of Inventory and Strategies
    • Inventories that are in-process
    • Strategic considerations in control of finished goods inventory
  • Codification
    • Methods of codification
    • Elements of good codification
  • Standardization
    • Situations in which standardization is not preferred
    • Program of standardization
  • Inventory Control Model
    • Inventory control model elements
    • Inventory control model nature
  • Techniques of Inventory Control
    • ABC analysis
    • Items classification for the strategic review
  • Effective Management of Spare Parts
    • Factors Influencing the stock of spare parts
    • Steps for management of spare parts
  • Valuation of Inventory
    • Importance of valuation inventory
    • Materials issues valuation

Course Methodology

The training is going to be highly interactive combination of lectures, group discussions, questionnaires, individual reflections, role plays, simulations and videos.

Target Audience

Managers from operations/process, maintenance and the supply chain.

Duration

02 Days (08:30–14:30) with appropriate breaks for tea/refreshments and lunch.

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