Warehouse, Store and Inventory Management

Warehouses are often under-rated operations in many organisations, yet these operations are essential in providing the superior customer service needed to ensure uninterrupted exploration and production and/or to satisfy the demand from customers/users. The purpose of this course is to introduce all of the essential tools for the effective management of warehousing, to show how to evaluate procedures, enable changes to be made and finally, to improve methods by eliminating wasteful activities and excess costs whilst delivering improved service.

The course is presented in a highly interactive format. The trainer is fully experienced in the subject matter, has hands on experience of planning and managing warehouses. The trainer will keep delegates engaged via real life examples and interactive discussions. Case studies, discussions and syndicate sessions will ensure that the course content is both engaging and interesting. Supporting materials include a comprehensive manual and hand-outs.

After attending this course, participants will be able to:

• Analyse all of the operational key areas and manage the costs of operating warehouses
• Identify and use Key Performance Indicators to manage warehouse and inventory
• Improve operations by making cost and productivity improvements
• Select and maintain warehouse equipment and conduct safe operations
• Apply continuous improvement and use best-in-class practices
• Manage optimal inventory level to minimize cost and maintain availability

Module 1: Definition of Warehouse

• Warehouse design
• Type of warehouse
  • Raw material store
  • Finished goods store
  • Chemical store
  • Schedule waste store
• Equipments and facilities within the warehouse
• Legal compliance

Module 2: Warehouse Basic System

• Warehouse documentations
  • Purchase Order
  • Invoices
  • Delivery order
  • Bin card/Stock card
  • Inventory Record
• Updating records - manual vs. electronics

Module 3: Warehouse Operation

• Type of goods in the store
  • Fast / Slow moving
  • Non moving / dead stock
• Stock control
  • Determining re-ordering level
  • Comparing note - PPC
  • Maintaining stock value
• Issuance System
• Updating records and bin card
• Receiving and Checking new stock
• Returning stock to supplier

Module 4: Warehouse Activities

• Daily stock balancing
• Weekly, monthly & yearly stock check
• Effect of stock discrepancy
• Making stock adjustment
• Calculating stock losses
• Packaging & Breaking bulk

Module 5: Managing Inventory Discrepency

• Action on record
• Action on system
• Action on people
• Monitoring accuracy after audit comment
• Closing

Modul 6: Automatic Storage and Collection System

• Methods for storage
• Input/Output system
• LIFO / FIFO
• Automised system
• Automatic recognition

Modul 7: Inventory Management Techniques

• Types of inventory
• Costs related to holding inventory
• ABC classification for Inventory
• Consignment management
• Scheduled Inventory management
• Perpetual inventory management

Modul 8: Inventory Logistics

• Basics of Logistics
• Types of transportation
• Choosing the right vehicle
• Concept of Total Logistic

• Theory of Constraints in Manufacturing
• Effective Production Planning, Scheduling & Control
• Understanding Incoterms 2010
• 5S to Kaizen
• Supply Chain Management & Strategic Purchasing
• More other Manufacturing Operations Training Courses