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Provided by: Last Minute Training Inventory and Warehouse Management Concepts and Practices |
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Training
Provided by Last Minute Training
No business can survive very long without an effective program of controls over the parts and materials that are used in producing or distributing the goods and services of the firm. Like many other things that depend on human interpretation, control means different things to different individuals. This is a workshop for you, the warehouse or stockroom manager, the person in charge of what comes in and goes out in your company. You want a smooth and cost-effective operation, with enough product on hand to satisfy needs without stockpiling too much. During this workshop, you will discuss everything that goes on during your watch, from hiring and managing your staff to controlling and managing your inventory. You will compare manual and automated inventory systems, and the best way to handle shipping and receiving functions so you have a customer-service oriented system.
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Inventory and Warehouse Management Concepts and Practices
Most companies carry too much inventory. You can t sell from an empty wagon is usually the reasoning. Being over-stocked means the company will likely not run out of anything. But what about the inventory that has celebrated a few birthdays in the warehouse? Has anyone stopped to calculate the true cost of worrying about running out? The costs of maintaining excessive inventory usually far outweigh the true cost of not being able to quickly deliver a particular item to a customer once in a very long while. A balance must be struck between inventory levels and turnover. Good inventory managers know what stock moves at what rate. They carefully plan re-order levels to ensure that the chances of running out are minimized while the turnover rate is maximized.
Learning Objectives
* Discover how effective inventory management contributes to the financial side of the business
* Benchmark your present system against current practices in inventory management
* Identify how to make a team approach to managing inventory
* Recognize opportunities for both individual and team problem-solving
* Reduce inventory management costs
* Understand terms that are frequently used in warehouse management.
Course Outline
1. Introduction & Course Overview
2. What is Inventory?
* Discussion of pre-assignment
3. Types of Inventory
* Classes of Inventory
4. Goals of Inventory Management
* Objectives
5. Industry Trends
* Cross-docking
* Third-Party Warehousing
6. Your Customers
* Internal
o Manufacturing & Distribution
o Public Sector
* External
o Manufacturing & Distribution
o Public Sector
7. Your Staff
* Traits / Skills
8. Working as a Team
* Advantages / Disadvantages
* Success Factors
* Functions
* The Importance of Team-Building
9. The Warehouse Inventory Cycle
* Three Stages of Inventory
* Fours Stages of Product
10. Strategies for Improving Your Inventory
* Degree of Control
* The Golden Warehouse
11. Warehouse objectives
* Eight Objectives
12. The Receiving Process
13. The Inventory Validation Process
14. What Makes a Good Inventory Management System?
* Accuracy
15. Understanding Key Formulas
* Calculating Order Quantities
* Setting Reorder Points
* Setting Safety Stock Levels
16. Maintaining Inventory Accuracy
* Scanning
o Devices & Technology
* Product ID
o ID standards
* Locations
o Types
o Identifcation
* Inventory Counting Methods
o Types of Counts
17. The Outbound Process
* Picking
* Packing
* Loading & Shipping
Learning Objectives
* Discover how effective inventory management contributes to the financial side of the business
* Benchmark your present system against current practices in inventory management
* Identify how to make a team approach to managing inventory
* Recognize opportunities for both individual and team problem-solving
* Reduce inventory management costs
* Understand terms that are frequently used in warehouse management.
Course Outline
1. Introduction & Course Overview
2. What is Inventory?
* Discussion of pre-assignment
3. Types of Inventory
* Classes of Inventory
4. Goals of Inventory Management
* Objectives
5. Industry Trends
* Cross-docking
* Third-Party Warehousing
6. Your Customers
* Internal
o Manufacturing & Distribution
o Public Sector
* External
o Manufacturing & Distribution
o Public Sector
7. Your Staff
* Traits / Skills
8. Working as a Team
* Advantages / Disadvantages
* Success Factors
* Functions
* The Importance of Team-Building
9. The Warehouse Inventory Cycle
* Three Stages of Inventory
* Fours Stages of Product
10. Strategies for Improving Your Inventory
* Degree of Control
* The Golden Warehouse
11. Warehouse objectives
* Eight Objectives
12. The Receiving Process
13. The Inventory Validation Process
14. What Makes a Good Inventory Management System?
* Accuracy
15. Understanding Key Formulas
* Calculating Order Quantities
* Setting Reorder Points
* Setting Safety Stock Levels
16. Maintaining Inventory Accuracy
* Scanning
o Devices & Technology
* Product ID
o ID standards
* Locations
o Types
o Identifcation
* Inventory Counting Methods
o Types of Counts
17. The Outbound Process
* Picking
* Packing
* Loading & Shipping
About The Training Provider: Last Minute Training
Last Minute Training - Last Minute Training Corp. works similar to last minute discounted travel. We sell training seminars at deep discounts on a last minute basis. If you want to save 30 - 60 off high quality training seminars and have the flexibility to attend with only a few days notice check out our website and see if the training you are looking for is on sale. While your there set up and free account...
