INTRODUCTION
Inventory management saves you money and allows you to fulfill your customers’ needs. In other words, it enables successful cost control of operations. Knowing what you have, what is in your warehouse, and how to manage the supply chain properly is the backbone of business. An effective inventory management system allows you to react
quickly to market demands and ensures you don’t have too much or too little stock – both highly undesirable scenarios. Strategic inventory management makes your whole organization more efficient, but it’s an ongoing challenge for most companies. Without proper control and best practices in the warehouse operations, inventory
control can create huge losses in terms of value and customer service.
COURSE OBJECTIVE
- Understand the importance of Inventory control and how to control these inventories efficiently
- Help store employees to have a better planning procedures and system
- Understand the importance and danger of keeping and delivering the right product and services to the customers
- Understand various types of product classification and identification methods
- To ensure that safety and health in the stores are always the priority of each employee
METHODOLOGY
Presentation and practical approach incorporating group Discussions, case study and exercises
WHO SHOULD ATTEND?
Store Managers, Store keepers and Store-hands
COURSE OUTLINE
WAREHOUSE PERSONNEL & RESPONSIBILTIES
INTRODUCTION TO INVENTORY
DEVELOP WAREHOUSE POLICIES AND PROCEDURES
WAREHOUSE OPERATIONS, WHY THE DESIGN CONSIDERATION
WHAT IS INVENTORY & STORE OPERATIONAL COST?
STOCK MANAGEMENT & INBOUND & OUTBOUND
INVENTORY CLASSIFICATION METHOD
UNDERSTANDING INVENTORY CLASSIFICATIONS
PREPARATION FOR STOCK TAKE
STORES EQUIPMENT
SAFETY, SECURITY, HEALTH AND ENVIRONMENT
CERTIFICATE OF PARTICIPATION
