Effective Inventory & Warehouse Management

Workshop Overview:

In today’s global competitive environment, organizations survive by leveraging their often-complex activities to provide value to customers. Organizations must be able to provide the right goods and services to the right customers, in the right quantity, in the right place and at the right cost. Failure to do so could have significant negative impact on the bottom-line.

An organization’s inventory can appear a mixed blessing since it counts as an asset on the balance sheet, but it also ties up money that could serve other purposes and requires additional expense for its protection. Besides, enterprises sometimes make stores or warehouses without doing proper analysis and thus some portion of that store or warehouse remains unutilized. Effective Inventory and Warehouse Management is inevitable for today’s competitive business world.

Objectives of the Workshop:

The objective of the course is to familiarize the participants with modern management principles and techniques to increase the effectiveness of professionals, engaged in inventory and warehouse management in order to promote higher productivity, reduce inventory costs and develop an effective Inventory Control System for overall improvement of the organization.

How will participants benefit after this workshop?

• Will be able to become a good inventory manager, they will find themselves more confident, in more control and end up with improved results.
• Will learn how to manage inventory & warehouse and reducing holding cost.
• Will be able to optimize inventory level and deliver on time and in full.
• Will be able to enhance their capabilities to keep business live in competitive market.

Contents of workshop: 

1. Overview of Inventory Management
2. Types and Stages of Inventory
3. Inventory in Working Capital Cycle
4. Inventory Replenishing System
5. Lead-time Management
6. Inventory Categorization
7. Inventory Valuation System
8. Inventory Coding System, Inventory Turnover, Safety Stock
9. Overview of Warehouse Management
10. Warehouse and Layout of a Warehouse
11. Storage System, Storekeeping, Material Handling, Safety and Security of Warehouse
12. Record Management of the Warehouse 

• Job-related Question & Answers Session
• Certificate Distribution

Methodology:

Interactive discussion, Brainstorming, Exercise, PowerPoint presentation, Question and Answer session.