Warehousing & Inventory Management: Design, Techniques & Operations (LO11)

objectives

Managing inventory properly in a world of Global and Lean supply chains can provide an important strategic advantage to the business. The correct level can lead to efficient businesses whilst too much stock is a pointer to inefficiency within the business. The programme provides an overview of the tools and techniques that can be used to identify that correct level.

This course reviews all aspects of warehouse operations through case studies and design principles.

who should attend

This stimulating and thought provoking programme is designed for directors, senior/middle/function managers and decision makers who want to understand the benefits that world class inventory management and a well-designed modern warehouse can provide to their customers and their business.

programme profile

• Principles of warehouse design
  • Building design, layout & goods flow
• The case for automation
  • Criteria for automation
  • Capital versus expense rationale
• Managing your warehouse inventory
  • Stock location, picking methodologies
  • Inventory control methods
• Metrics for an efficient environment
  • Customer service levels
  • Throughput, capacity
  • People management
• Warehousing safety
  • Good practice, layout and safety
  • Equipment and safety
• The uses and abuses of inventory
  • What is inventory used for
  • Smoothing demand and supply
  • Minimising risks and costs
• Financial effects of Inventory
  • Profit, loss effects, and balance sheet effects
  • Physical costs
• Trade-off management
  • Risk management process
  • Inventory vs stock outs vs obsolescence
  • Inventory as a measure of successful trade-offs
• Minimising inventory
  • Forecasting demand: promotions, spare parts, etc
  • Role of procurement
  • Role of Supply Chain Management

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