Warehouse And Inventory Management - 2Days
Introduction
Warehouse is an essential arm of any retail outlet or manufacturing outfit. It is the depository of all merchandise and materials in different quantities and sizes. Storage of such merchandise need to well planned, documented, labelled and executed so that retrieval must be done efficiently. In addition, these items are of certain value and therefore need to be accounted for. In today’s quality of life, merchandise stored must not exceed the expiry dates. Therefore, inventory management is an essential integral part of warehouse management. This program is aimed to help equip the participants with this fundamental knowledge in a practical manner so that the level of inventory is maintained at an optimum level helping the organisation to save these three costs namely:
i. Capital cost
ii. Carrying or Holding cost
iii. Shelf Cost
iv. Obsolesce through physical inventory exercise.
ii. Carrying or Holding cost
iii. Shelf Cost
iv. Obsolesce through physical inventory exercise.
Training Objective
On completion of this program the participant should be able to:
• The different types of inventories and importance of inventory to organizations and the impact towards the operations.
• The principles and purpose on inventory management and control.
• The costs associated with inventory management.
• Inventory verification and valuation methods.
• Different approaches for effective management of dependent demand and independent demand inventories and when to apply them.
• The fundamentals of warehousing and stock handling.
• Organizational structure and functional responsibilities in inventory and warehousing.
• How to measure and improve inventory management performance.
• Help overcome the daily issues through practical problem solving techniques.
• The principles and purpose on inventory management and control.
• The costs associated with inventory management.
• Inventory verification and valuation methods.
• Different approaches for effective management of dependent demand and independent demand inventories and when to apply them.
• The fundamentals of warehousing and stock handling.
• Organizational structure and functional responsibilities in inventory and warehousing.
• How to measure and improve inventory management performance.
• Help overcome the daily issues through practical problem solving techniques.