Advanced Certificate in Warehousing and Inventory Management

LEVEL 5 WAREHOUSING AND INVENTORY CERTIFICATE,Advanced certificate in warehousing and inventory management

Advanced Certificate in Warehousing and inventory management course provides a clear understanding of the assets, operations, processes and management strategies involved in creating efficient warehouse and inventory functions as part of a global supply chain

DURATION:
3 DAYS
PRICE
745,500.00

Address

PLOT 33 OLORUNMBE STREET,WEMABOD ESTATE,IKEJA,LAGOS.   View map

Advanced Certificate in Warehousing and Inventory Management Overview

Advanced Certificate in Warehousing and inventory management course provides a clear understanding of the assets, operations, processes and management strategies involved in creating efficient warehouse and inventory functions as part of a global supply chain

Supply chain management and logistics encompasses all the activities involved in getting products to consumers, including planning, storing, moving and accounting for inventory. Inventory availability is the most important aspect of customer service, and the cost of inventory is one of the most important entries on a company’s balance sheet.

Recognition of the balance sheet implications of inventory in supply chain management has launched a variety of industry-wide inventory reduction initiatives. Despite all these initiatives to reduce inventory in the supply chain, inventory levels for most companies have remained the same or increased. This course  focus  understanding on  how to efficiently provide the inventory necessary for good customer service while minimizing the inventory resulting from poor supply chain management.

Advanced Certificate in Warehousing and Inventory Management Course Objectives

The course provides participants with an advanced understanding of:

  • the warehouse and its place in the supply chain
  • the operations associated with warehouses
  • inventory management within the supply chain
  • the people aspect of warehouse management & resource planning

How You Will Benefit

  • Exchange space for time (or vice versa) to better meet business objectives.
  • Understand when to use dedicated storage and when to use shared storage.
  • Identify the most convenient locations in a warehouse based on an economic model.
  • Identify patterns in customer orders and exploit these to speed fulfillment.
  • Evaluate warehouse performance.
  • Optimally size and stock a forward pick area.
  • Understand the best practices in order-picking.
  • Understand how to think about automation.
  • Evaluate and choose a Warehouse Management System and survive the installation.

The course will thus better equip candidates to balance the core interrelated issues of customer satisfaction, inventory levels and costs.

Course Outline

 

Module One: Warehouse Operational Principles

  • The role of the warehouse in the modern supply chain
  • Factors determining the location and number of warehouses
  • Warehouse Design

Module Two: Warehouse Developments and Trends

  •  Warehouse technology
  •  Warehouse mechanical handling equipment and automation
  • Reverse logistics
  • Warehouse costs
  • Warehouses and the environment
Module Three: Inventory Management

  • Analysing the requirements
  • Product classification
  • Demand analysis
  • Product coding
  • ABC analysis
  • Item groupings for inventory management
  • Inventory management essentials
  • Inventory costs and service
  • Lead time
  • Demand forecastin
  •  Setting the inventory management parameters
  •  Inventory and statistics

Module Four: Stock Control, Verification and Reporting

  • Stock record transactions
  • Inventory receipts
  • Inventory issues
  • Stock management
  • Identifying inventory
  • Surplus and obsolescent stock
  • Stock control and records
  • Stock accuracy
  • Stock checking programmes
  • Physical counting of stocks
  • Role of inventory manager or stock controller
  • Performance reporting

Module Five: Inventory Improvements and the Supply Chain

  • Supply chain thinking
  • The supply chain and the theory of constraints
  • Supply chain process mapping
  • Saw tooth curve
  • Using the Economic Order Quantity (EOQ) graph to find improvements
  • Inventory in the distribution network

Module Six: Managing People, Resources, Performance, Health and Safety

  • The Role of the warehouse manager
  • People management
  • Resource planning
  • Performance management
  • Health and safety

 

 

Who Should Attend?

Who should attend?

This Fundamentals of Warehouse Logistics & Inventory Management course is suitable for:
  • warehouse and inventory managers looking to improve efficiency and reduce costs
  • logistics employees looking for specialised knowledge
  • supply chain professionals
  • executives in enterprise resource planning, logistics information systems and HR management
  • suppliers, exporters, manufacturers, distributors and retailers
  • marketing, customer service, operations and manufacturing managers

Course Date

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