This workshop will focus on the 7 performance objectives important in inventory and store management.Â
The focus of the inventory will be the incoming, WIP and the outgoing materials with a model of effective inventory and store management.
At the end of this workshop, participants will be ableÂ
- To effectively manage inventory and store within an organization.Â
- To be exposed to various costs and inefficiencies involved when carrying inventory and store management.Â
- Improve store performance
MODULE 1 – Introduction to Inventory and Warehouse ManagementÂ
- What is warehouse and inventory management objectiveÂ
- Defining inventory
- Types of inventory
- Factors influencing inventory level
- Question and answer
MODULE 2 – Inventory Management Techniques
- Stock holding and inventory carrying costs
- Current inventory management challenges
- The 20 inventory management techniques
- Analytical ,non-analytical and best practices
- Question and answer
MODULE 3 – Effective Warehouse Management
- The objective of a warehouse
- Characteristics of a traditional warehouse
- The receiving, storage and issuance practicesÂ
- The warehouse management system          Â
- Elements of a warehouse management system
- Question and Answer
MODULE 4 – Warehouse KPIs and Performance management
- Setting warehouse KPI’s
- Warehouse improvements and areas of focus
- Warehouse performance management and the 7 Pillars
- Question and Answer