- Payment Terms: Enquire
- Duration / Course length: 3 Days
- Starting Date: Enquire About It
- Timings: Enquire
Course details
Day OneIntroduction to inventory management
· Objectives of inventory planning and stock control
· Reasons to hold inventory
· Inventory push vs. pull systems
· Customer service in inventory management
Counting and controlling inventory
· Importance of accurate inventory records
· Warehousing functions
· Causes of inaccurate inventory records
· Requirements for accurate inventory records
· Reporting record accuracy
· Periodic and cycle counting
Forecasting demand and lead time
· The inventory order cycle
· Dependent versus independent demand
· Factors affecting demand
· Factors impacting demand forecast accuracy
· Demand patterns
· Time series forecasting methods:
· Measuring the accuracy of the forecast
Day 2
Inventory systems
· Elements of inventory holding and ordering costs
· The Economic Order Quantity (EOQ) model
· Dealing with quantity discounts
· Objectives of safety stocks
· Setting safety stocks
· Determining the Reorder Point (ROP)
Introduction to warehousing management
· Objectives of warehousing
· The modern warehouse
· The warehousing cycle
· Problems and challenges in warehousing
· Warehousing and inventory costs
· Customer service in warehousing
Day Three
Storage and material handling systems
· Layout of the warehouse
· Size and shape of the warehouse
· Storage utilization and organization
· Types of storage systems
· Fixed versus random location
· Material handling equipment
· Material handling equipment checklist
· Improving the receiving/issuing material operations
Safety in the warehouse
· Good housekeeping inside the warehouse
· Identifying safety hazards
· Unsafe acts and conditions
· Causes of damage
· Planning for safety
Updated on 16 May, 2024
Eligibility / Requirements
There are no eligibility requirements to attend this course.
Job roles this course is suitable for:
Warehouse Manager , Manager Inventory Control , Procurement ManagerAbout Convertas
CONVERTAS is a reliable advisory firm, helping organizations develop their activities to align with their objectives adopting the best practices.
Our trainings and workshops cover all areas of business including Management,Soft Skills and Human Resourses Management, Marketing and Sales, Accounting and Finance, Procurement and Logistics, targeting organizations, managers and employees. Whether in-house or public, trainings are organized with the highest qualified trainers.
Our methodology relies more on the use of audio-visual impact which is more effective than the lecture style. Presentations, videos and simulations methods have proven to be very effective for people to remember.
Moreover, doing and teaching are the best vehicles for learning and remembering. This includes involving the trainee in the teaching process by interacting, through completing worksheets and inciting to explain and present what is acquired.
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