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Course Code: PSCO 110
704 Course Visits
Certified Inventory and Warehouse Management: Strategy, Implementation & Control
Course Sector:
Procurement & Supply Chain Operations
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
5 Days
Dubai, UAE $4,250
02
5 Days
Dubai, UAE $4,250
Introduction
Training course introducion / brief
In today’s business environment, inventory and warehouses can be the key link between success and positive cash flow or failure and overwhelming red ink. Despite every effort to eliminate warehousing and inventory within, warehousing will continue to play a critical role in assuring high level of customer service and overall logistics performance. Warehousing minimizes the effect of supply chain inefficiencies; improve logistics accuracy and inventory managements and allows results accumulations, consolidation and customization.
Warehouse operations
This training course is designed to provide participants with the relevant concepts on warehouse operations essential to fulfil clients’ requirements while utilizing area, system, and exertions efficiently, meeting this intention requires regular planning of inventory and warehouse management.
Course Objectives
At the end of the training course, participants will be able to
- Gain a comprehensive understanding of the importance of inventory and warehousing
- Learn warehouse functions & design, and materials handling
- Know all aspects of Inventory management and manage Inventory records
- Learn & detect managing uncertainties
- Effectively manage warehouse performance
- Master sustainability in warehousing.
Course Audience
Who is this course for, and can benefit the most
- Procurement Manager / Supervisor
- Procurement officer / assistant
- Purchase officer
- Vendor manager
- Supplier relationship officer
- Purchase coordinator
- International Buyer
- Category purchasing manager
- Supply chain officer- Procurements
- Logistics Professionals
- Distribution Managers
- Working in this field
- These who wants to start a career in this field
Course Outline
The course aims and learning outcomes
INTRODUCTION TO WAREHOUSING AND INVENTORY
- Definition of inventory
- Importance of inventory and warehousing
- Warehouse location
- Types of warehouses
- Strategic warehousing
- Distribution centers and cross-docking
- Role of the Warehousing and Inventory Manager
- INVENTORY MANAGEMENT
- Types of Inventory
- Costs Associated with Inventory
- Economic Order Quantity (EOQ)
- Limitations of the EOQ approach
- Selective Inventory Control Techniques like ABC, VED, FSN etc.
- Vendor Managed Inventories
MANAGING WAREHOUSE PERFORMANCE
- Measuring warehouse performance – key metrics
- Managing outsourced warehouses
- Warehouse Management System
- Warehouse communications
- UPC
- RFID
- Risk Management in warehousing
- IMPORTANCE OF INVENTORY MANAGEMENT
- Higher profits through reduced costs and increased sales
- Improved customer service
- Reduced inventory investment
- Increased productivity
- Inventory record accuracy
- TYPES OF INVENTORY MANAGEMENT STRATEGIES
- Just-in-time
- Material requirements planning
- Hybrid push–pull
- Supply chain management
OBJECTIVES OF INVENTORY PLANNING
- Customer satisfaction
- Forecasting needs
- Controlling costs
- Successful storage
- OBJECTIVES OF INVENTORY CONTROL
- Protection against fluctuation in demand
- Better use of men, material and machines
- Protection against fluctuations in output
- Control of stock volume
- Control of stock distribution
INVENTORY CONTROL TECHNIQUES
- Set par levels
- Use first-in, first-out
- Manage relationships
- Apply contingency planning
- Follow regular auditing
- Prioritise with ABC
- Advocate accurate forecasting
- Consider dropshipping
- MAJOR ACTIVITIES OF INVENTORY CONTROL
- Planning
- Procuring
- Receiving and inspecting
- Storing and issuing
- Recording
- Physical verification
- Follow-up
- Material standardisation and substitution
STEPS IN INVENTORY CONTROL
- Deciding minimum and maximum inventory limits
- Determining re-order point
- Determining re-order quantity
- ABC analysis
- FACTORS INFLUENCING INVENTORY CONTROL
- Requirements
- Quantity in stock order
- Procurement time/Lead time
- Obsolescence
- Profitability
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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