Effective Stock Control and Warehouse Operations
Effective Stock Control and Warehouse Operations
OBJECTIVES
- Understand how the various activities in warehouse operation is cost
- Understand the latest technique and methods in managing inventory to reduce and eliminate inventory obsolesces
- Understand the various methodologies in Inventory Planning
- Understand the various methods in Inventory Record keeping
- Knows the best-In-class methods in receiving and issuing stocks to reduce loss and damage
- Understand the Inventory valuation methods
- Understand the role of Inventory in Customer Satisfaction and Retention
- Understand how to manage the warehouse operation effectively to reduce cost
COURSE OUTLINE
DAY ONE
WHAT IS INVENTORY AND WAREHOUSE OPERATIONAL COST ALL ABOUT?
- Importance Of Stores And Warehousing Operations
- Defining Functions Related To Warehousing
- How Cost Is Attributed In The Receiving and Issuing Functions
- How Warehouse Contribute To The Supply Chain
- How To Add Warehousing Facility –Shorter Haul Transportation
DAY TWO
TYPES OF WAREHOUSES AND THE FUNCTIONS
- Public Warehouses
- Private Warehouses
- Contract Warehouses & Multi-Client Warehouses
DAY THREE
THE INVENTORY CONTROL & PLANNING & VALUATION OF STOCK
- Stock Replenishment
- Inventory Valuation Method
- Material Requirement Planning
- Reducing Value Of Inventories
- Calculation On Storage And Stocks
DAY FOUR
WAREHOUSE EQUIPMENT
- Savings in Relations to Warehouse Equipment?
- Forklift Maintenance
- Racking System
- Pallet & Other Equipment
DAY FIVE
INVENTORY AND STORES SPECIAL SKILLS
- Problem Solving Skills & Managing Demanding User
- Managing Conflict
UNDERSTANDING INVENTORY CLASSIFICATIONS
- Cycle or Base Stock
- Safety / Buffer Stock
- Pipeline /Transit Stock
- Speculative Stock