Inventory & Warehouse Operations Management

Inventory

June 20-21, 2019

Warehouses/distribution centres play a pivotal role in today’s logistics and supply chain systems, especially when we consider the manufacturing in a global environment and increasing online shopping. When operating a warehouse/distribution centre, how to improve the operational efficiency while minimizing the warehousing costs confronts every logistics/warehousing manger. Assume that you are a logistics/warehousing manager and receive the request from the senior management team that you have to reduce the inventory cost by 20% within the next 12 months. How will you break this financial target into the inventory levels of many thousands of products in your warehouses?

This unit delivers the knowledge of warehousing and inventory management in a comprehensive way: from warehousing processes to critical operations, from storage and material handling technologies/equipment to software systems, from technical to managerial solutions.

This  2-day training will feature:

  • Effectively manage warehouse operations
  • Achieve maximum performance in inventory management
  • How to eliminate waste in processes and stock
  • Improve the stock control of spares
  • Understand the principles of Export and Import Logistics

KEY LEARNING BENEFITS

The benefits of attending this program cannot be over emphasized; participants will be able to

  • Learn to improve performance in the stores function
  • Consider how to utilize the most modern inventory techniques
  • Discover the importance of dynamic supply chain management
  • Develop their skills in managing stores and inventory personnel
  • Master techniques for dealing with operational challenges
  • Plan for export and import logistics
  • Optimize Inventory Levels
  •  Build an Inventory Management Plan
  • Design & Manage Warehouse Operations
  • Increase Accuracy, Traceability & Reduce Parts Variety

TRAINING LEARNING CONTENT

Day 1

  • Introduction – Review of the “Fundamentals”
    –      What is Inventory Management – Working Capital Cycle
  • Why is Inventory Management important
  • Why keep Inventory
  • How much Inventory to Keep
  • The Financial Implications of Holding Inventory
  • The Cost of not holding enough Inventory
  • The Role of the Inventory Manager
  • Exercises / Practical Application to Workplace

  • Setting the Stage for Effective Inventory Management
    –      Introduction to Effective Inventory Management
  • Inventory Management& the Supply Chain Strategy
  • Demand Forecasting
  • Lead time Management
  • Exercises / Practical Application to Work / Questions & Answers
  •  Understanding SAP Fundamentals & Terminology
  • Inventory Planning
  • Introduction to Inventory Planning
  • Service Level Policies – OTIF
  • Inventory Categorization Techniques –
  • Traceability and Variety Reduction
  • Inventory Coding Systems
  • The Inventory Management Plan
  • Group Discussion / Practical Application to Work

Day 2

  • Inventory Operations
     –     Introduction to Inventory Operations
  • Monitoring Movements– Inventory Accuracy
  • Measuring and Valuation of Inventory
  • Receipt & Issuance of Inventory
  • Systems to Replenish Inventory
  • How Much to Order – EOQ,
  • When to Place an Order – ROP, JIT
  • Exercises / Practical Application to Work
  • Warehouse Planning & Systems
  • Introduction to Warehouse Planning & Systems
  • Warehouse Location & Acquisition Options
  • Warehouse Design
  • Warehouse Layout
  • Materials Handling & Equipment
  • Warehouse Operations
  • Record Keeping & Communication
  • Perpetual Systems/Continuous Review Systems
  • International Quality Standards
  • Physical Inventory & Cycle Counting
  • Exercises / Practical Application to Work

TRAINING METHODOLOGY

This training course will utilize a variety of proven highly interactive adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. Participants will learn by active participation during the programme through the use of the programme manual, exercises, training videos and discussions of “real life” issues in their organization.

TARGET AUDIENCE IDENTIFIED

This training is suitable to a wide range of professionals but will greatly benefit the following individuals:

  • Stock, Warehouse and Logistics/Distribution Professionals
  • Non-warehouse people who need to gain an awareness of the issues and key drivers of stock control operations
  • Personnel involved in export and import logistics

INVESTMENT IN KNOWLEDGE                                         

N120, 000.00, this fee covers expert tuition, training kits and brochure, souvenirs and certificate of completion, feeding (tea break, lunch (buffet) throughout the duration of the Programme.

DOCUMENTATION

Diverse documentation is used during the training sessions for assistance and reference.

OTHER DETAILS

Venue:             2nd Floor

Lagos Chambers of Commerce & Industry Building (LCCI)

Bola Tinubu Way, Beside Marwa/MKO Garden

Alausa Ikeja,

Lagos,

Date:               June 20-21, 2019

Time:               9a.m. Daily

HOW TO REGISTER

E-mail: training@spcpatternsconsulting.comCall:  +234 805 444 8597 +234 708 503 9947 +234 809 631 1690

Pay in favour of SPC PATTERNS CONSULTING into the following banks
GTBANK – 0003651617
FCMB – 2733813011

Print & Send Brochure form with a draft in favour of SPC PATTERNS CONSULTING

FURTHER INFORMATION

  • Certificate of participation exclusive to all participants
  • Subscription to this program is currently open and will stay open until one week before the course.

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