Effective Inventory & Store/Warehouse Management

This workshop will focus on the 7 performance objectives important in inventory and store management. 

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 able 

• To effectively manage inventory and store within an organization. 
• To be exposed to various costs and inefficiencies involved when carrying inventory and store management. 
• Improve store performance

MODULE 1 – Introduction to Inventory and Warehouse Management 

• What is warehouse and inventory management objective 
• 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 practices 
• The warehouse management system           
• 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