Laimoon.com

Warehouse Management & Inventory Control - Convertas , Dubai, Kuala Lumpur, Istanbul,Malaysia,Turkey,United Arab Emirates

Sun, 09 Dec 2018 11:52:28 +04

Day One
Introduction 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

Cost: 3195 USD

Duration: 3 Days

Advanced Warehouse Management & Inventory Control - Convertas , Dubai,Kuala Lumpur, Istanbul, London,United Kingdom,Malaysia,Turkey,United Arab Emirates

Mon, 14 May 2018 13:59:42 +04

Day1
Introduction to stock management
Supply chain management scope
Functions and objectives of supply chain management
Objectives of inventory planning and stock control
Reasons to hold inventory
Inventory information system considerations
Inventory push versus pull systems
Identifying inventory costs
Customer service in inventory management

Day 2
Description and classification of inventory
Types of inventory
The inventory ABC classification ranking model
Uses of the ABC ranking
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
Seasonal demand
Moving average
Exponential smoothing

Day 3
Measuring the accuracy of the forecast
Setting lead time and methods to control it
Inventory costs
Inventory cost elements
Cost of item
Purchasing cost
Carrying or holding cost
Stock-out cost
Inventory systems
The Economic Order Quantity (EOQ) model
Dealing with quantity discounts
Objectives of safety stocks
Setting safety stocks
Determining the Reorder Point (ROP)

Cost: 3195 USD

Duration: 3 Days

Inventory Planning & Stock Control - Convertas , Dubai,United Arab Emirates,Malaysia,Turkey,United Kingdom

Mon, 29 Jan 2018 10:16:50 +04

Day 1
Introduction to inventory management
· Objectives of inventory planning and stock control
· Reasons to hold inventory
· Inventory information system considerations
· Inventory push vs. pull systems
· Identifying inventory costs
· Customer service in inventory management
Description and classification of inventory
· Types of inventory
· The inventory ABC classification ranking model
· Uses of the ABC ranking
· Materials specifications and cataloguing

Day 2
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:
                > Seasonal demand
                > Moving average
                > Exponential smoothing
· Measuring the accuracy of the forecast
· Setting lead time and methods to control it

Day 3
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)
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

Day 4
· Reducing inventory investment
· The importance of JIT or pull theory in inventory                 management to reduce total cost
· Identification of surplus
· Disposal options of excess inventory
· JIT methods
· JIT requirements
· JIT risks
· Measuring inventory management performance
· Importance of tracking the effectiveness of the inventory planning and control functions
· Reasons behind poor inventory management performance
· Setting inventory KPIs and targets
· Examples of KPIs used in the inventory planning and control functions
· Qualities of the inventory specialist

Cost: 3495 USD

Duration: 4 Days