Warehouse Management & Inventory Control Storekeeper - Institute of Professional and Technical Studies (IPATS) , Pakistan, Rawalpindi

Fri, 24 Jan 2020 21:22:24 +04

Warehouse managers oversee the handling and storage of a company's supplies and goods as well as track supply requests and forecast future material needs. Read on to learn about some of the most common classes and training program offerings in warehouse management Concepts you'll encounter while studying warehouse management:

Business basics
Inventory control
Management techniques
Source selection
Acquisitions law
Fundamentals of transportation and logistics

This course will introduce you to the theories and concepts of inventory and warehouse management with specific emphasis on identifying the components of inventory related costs, estimating the cost of said components, controlling material flow through materials requirement planning and just-in-time delivery and managing inventory related response to customer demand. In summary, you will take away the knowledge to better manage your areas, and to effectively align your activities with those of the logistics and supply chain management team within your organisation, leading to smoother, more profitable operations.

Inventory and Warehouse Management Courses
Students learn the key aspects of inventory control and materials handling. They develop their knowledge of receiving and storing materials with an eye to greater profitability. Instructors provide lessons in proper material processing, including the picking and shipping of goods. Students learn the technologies and computer systems that assist managers in maintaining inventory and forecasting supply needs.

Acquisitions and Purchasing Courses
These classes survey the duties of purchasing agents and the methods use in acquiring materials and goods. Assignments allow students to develop familiarity with source selection, contracting, acquisitions law and pricing. Lessons include tips pricing materials and key negotiating skills. Students will analyze the value offered by vendors for products and use this information when planning equipment and supply purchases.

Supply Chain and Logistics Management Courses
Instructors discuss the challenges facing supply chains in a global economy. Students acquire the ability to coordinate logistical information so the movement of materials is seamless. Class topics include emphasis on meeting deadlines, customer service and accurately forecasting future logistical needs. Students also learn the technologies used in the industry and production planning.

Transportation and Freight Operations Courses
Students develop an understanding of the role transportation plays in society and the economy. Classes discuss the environmental impacts of transportation operations and the regulations affecting the industry, including federal and international counter-terrorism laws. Students learn the effective management of transportation hubs and transportation pricing standards. Assignments introduce the technologies used in managing transportation operations and maintaining shipment security.

Course Outline
Module 1: Warehouse Management

Warehouse Organization
Introduction to warehouse organization
Position of Warehouse/stores in the organization
Organization structure of stores division
Organization matters for efficient working of stores division
Delegation of authority

Requisitions and Replenishment of Materials

Need for requisitioning the material
Replenishment of stock items
Preparation of materials requisition report
Dispatch of requisition to user department
Review order quantity

Performance Evaluation of Stores Activities

Criticism of stores division
Poor inventory control
Improper store-keeping and Tools Management
Performance indicators and evaluation
How is performance evaluation carried out

ISO Standards and Warehouse Activities

Introduction to ISO standards
The importance of ISO standards
Registration for ISO certification
Warehouse activities and quality assurance
Stores division activities in conformance to ISO 9001

Warehouse Location, Layout, and Facilities Planning

Number and size of stores
Location of stores
Layout planning of warehouse
Physical facilities planning

Warehouse Security, Safety, and Maintenance

Security
Entry to warehouse
Management of warehouse keys
Closing of warehouse
Issue to authorized individuals

Module2: Inventory Control

Inventory Classification and Strategies

Advantages of classification of inventory
Regular inventory item
In-process inventories
Finished goods inventory
Strategic considerations in the control of finished goods inventory
Market research

Codification and Standardization

Methods of Codification
Variety reduction
Advantages of standardization
Situations where standardization is not preferred
Types of standards
Standardization program

Inventory Control Model

Theoretical inventory control model
Elements of inventory control model
Dynamic nature of the inventory control model
Maintenance requirements
Reorder point fluctuations

Inventory Control Techniques

Best order quantity
Economic Order Quantity (EOQ) defined
Determining Economic Order Quantity (EOQ)
Variable costs
ABC analysis
Other techniques of analysis

Effective Management of Spare Parts

Factors influencing the stocking of spare parts
Appropriate maintenance techniques
Administrative and financial factors
Steps for management of spare parts
Diagnostic survey
Reconditioning and overhauling of parts

Valuation of Inventory

Importance of valuation of inventory
Valuation of material issues
First in First Out (FIFO)
Last in First Outs
Highest in First Out (HIFO)
Next in First Out (NIFO)
Simple average method
Weighted average cost method
Factors considered in selection of method of valuation of inventory

Warehouse Management Warehouse Organization

Introduction to warehouse organization
Position of Warehouse/stores in the organization
Organization structure of stores division
Organization matters for efficient working of stores division
Delegation of authority

Performance Evaluation of Stores Activities

Criticism of stores division
Poor inventory control
Improper store-keeping and Tools Management
Performance indicators and evaluation
How is performance evaluation carried out

Warehouse Security, Safety, and Maintenance

Security
Entry to warehouse
Management of warehouse keys
Closing of warehouse
Issue to authorized individuals

Inventory Classification and Strategies

Advantages of classification of inventory
Regular inventory item
In-process inventories
Finished goods inventory
Strategic considerations in the control of finished goods inventory
Market research

Inventory Control Model

Theoretical inventory control model
Elements of inventory control model
Dynamic nature of the inventory control model
Maintenance requirements
Reorder point fluctuations

Valuation of Inventory

Importance of valuation of inventory
Valuation of material issues
First in First Out (FIFO)
Last in First Outs
Highest in First Out (HIFO)
Next in First Out (NIFO)
Simple average method
Weighted average cost method

Factors considered in selection of method of valuation of inventory

Cost: 35000 PKR

Duration: 2 Months

Logistics and Supply Chain Management Diploma - Institute of Professional and Technical Studies (IPATS) , Pakistan, Rawalpindi

Sun, 13 Jan 2019 14:27:17 +04

Institute of Professional and Technical Studies (IPATS) Offers the Logistics and Supply Chain Management Diploma
Logistics & Supply Chain Management (LSCM) is the management of the flow of goods and ;It includes the movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of consumption. Interconnected or interlinked networks, channels and node businesses are involved in the provision of products and services required by end customers in a supply chain Supply chain management has been defined as the "design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally

Purchasing & Supply Advanced Diploma
Course Modules:
1. International Purchasing & Supply
2. Logistics
3. Operational Chain Management
4. Purchasing Strategies
;Purchasing & Supply Law

Course Content (5 modules):

1. International Purchasing & Supply -
Rationale of International Purchasing,Advantages & Rationale of Buying Overseas, Process of Sourcing Potential Suppliers, Overseas Culture & Market Environment,Culture, International Purchasing Strategy & Planning, Logistics & Globalisation, Supplier Audit, Import Finance.

2. Logistics & the Supply Chain -
Logistics Costs,Sources of Value, Supply Chain Operations Reference Model, Managing Logistics Internationally, Managing the Lead Time Frontier, Just-In-Time & Lean Thinking, The Agile Supply Chain.

3. Operational Chain Management -
Purchasing Strategy, Strategic Planning Process, Purchasing & Supply in Group Undertakings, Purchasing contribution to Supply Chain Management, Traditional Purchasing Procedures, Management Information Systems (MIS),
Essential Features of a Computerised Supplies System, Human Resources in the Supply Chain,Strategic Aspects of HRM Applied to Purchasing, Specifying & Assuring the Quality of Suppliers.

4. Purchasing Strategies -
Building a Purchasing Strategy,Contribution & Influence, Purchasing & Audit Framework, Upstream & Downstream Management, Supply Positioning, Pareto Analysis, Setting Up a Supply Positioning Analysis, Supplier Preferences, Matching Supply Positioning with Customer Segmentation, Vulnerability Management, Influencing the Supply Market:, Procurement Marketing.

5. Purchasing & Supply Law -
Contract Formation, Offer & Acceptance, Intention to Create Legal Relations, Contractual Capacity, Contractual Terms & Formalities,Express & Implied Terms, Conditions, Innominate Terms & Warranties, Unfair Contract Terms
Criminal Control, Termination & Remedies, Role of an Agent, Exclusion of Liability Supply of Goods & Services.

Professional Diploma Courses in Import & Export Procurement Logistics & Inventory

Import & Export Management
Procurement Management
Procurement, Logistic &Inventory
Control Management
Inventory &Material Management
Logistics , Supply Chain Management
Store Keeping &Purchasing
Materials Management
Introduction To Intellectual Property
Shipping Transport & Management
Industrial Development Inventory & Management
Procurement , Stores & Material Management
Modern Inventory Control &Management
Stores Management
Supervisory Management
Transport Management

Cost: 37500 PKR

Duration: Upto 1 Year

Laimoon.com

Warehouse Management & Inventory Control Storekeeper - Institute of Professional and Technical Studies (IPATS) , Pakistan, Rawalpindi

Logistics and Supply Chain Management Diploma - Institute of Professional and Technical Studies (IPATS) , Pakistan, Rawalpindi