Participant learn the key aspects of inventory control and materials handling. They develop their knowledge of receiving and storing materials with an eye to greater profitability. Instructors provide lessons in proper material processing, including the picking and shipping of goods. Students learn the technologies and computer systems that assist managers in maintaining inventory and forecasting supply needs.

At the end of the course participants will be able to:

·         The role of the warehouse in the modern supply chain

·         Factors determining the location and number of warehouses

·         Warehouse Design

·         Warehouse technology

·         Warehouse mechanical handling equipment and automation

·         Reverse logistics

·         Warehouse costs

·         Warehouses and the environment

·         Analyzing the requirements

·         Product classification

·         Demand analysis

·         Product coding

·         ABC analysis

·         Item groupings for inventory management

·         Inventory management essentials

·         Inventory costs and service

·         Lead time

·         Demand forecasting

·         Setting the inventory management parameters

·         Inventory and statistics

·         Those new to managing inventory

·         Those non inventory people who need to gain an awareness of the issues and key drivers of stock control operations

·         Inventory, Stock, Supply Chain, Logistics, Warehouse and Distribution Supervisors/Managers

·         Owners, operators and Directors of companies who hold stock and inventory

The Supply Chain

      The Supply chain definitions, history and key aspects

·         Definitions

·         History and development

·         Key aspects

·         Befits of supply chain approach

      Relationships and material flows in the chain

·         Integrating the supply chain

·         Lead-times

·         Customer service

·         Adding value

·         Tradeoffs

·         Power of information

·         Sharing and collaboration in the supply chain

Products & Stock

      Product Classification

·         Supply /demand variables

·         Dependent and independent demand

·         Patterns of demand

·         ABC Analysis or the 80/20 rule

·         Product coding

      Inventory costs and service

·         Why hold stock?

·         Inventory costs

·         Service levels from inventory

·         Cost/service trade offs

·         Understanding Lead time

·         Lead time variability and uncertainty

·         Inventory and statistics

Replenishment Methods                                           

      How much stock should be held?

·         Stock time curve

·         Determining the Reorder level

·         Determining the Reorder point

·         Carrying safety stock

·         Fixed and variable time periods

·         Fixed and variable order quantities

      Replenishment methods for independent demand

·         When to order

·         How much to order

·         Economic order quantities

·         Two bin methods

·         Minimum - maximum methods

·         Comparing continuous review and periodic review methods

      Other Replenishment methods

·         When to order for dependent demand

·         How much to order for dependent demand

·         Materials planning (MRP and MRPII)

·         For spare parts

Forecasting & Stock Control

      Demand Forecasting

·         Sales forecasts

·         Statistical forecasts

·         When forecasting is easier

·         When forecasting is harder

      Stock coding

The method by which stock is coded is important in the overall management process, this session will examine:

·         Different methods

·         Understanding of all involved

·         Checklists to help on deciding the best option

      Stock Recording

This session looks at stock recording, a critical aspect of stock control and if done incorrectly is the source of many subsequent errors

·         Separation of powers

·         Legal issues

·         How do we get inaccuracies?

      Stock Checking

Much time can be spent on this activity, but there are methods to both minimize the time and at the same time increase checking accuracy. This session examines such aspects

·         Roles and Responsibility

·         Requirements

·         Job Descriptions

·         Authority levels

·         Tolerances and approvals

·         The programme

·         Options

·         Reconciliation’s /discrepancies

Improvements

      Model for planning inventory

·         Managing inventory by value and by volume

·         Questions to ask about inventory

·         Model for inventory planning

·         What To Implement Now

A variety of methodologies will be used during the course that includes:

·         (30%) Based on Case Studies

·         (30%) Techniques 

·         (30%) Role Play

·         (10%) Concepts

·         Pre-test and Post-test

·         Variety of Learning Methods

·         Lectures

·         Case Studies and Self Questionaires

·         Group Work

·         Discussion

·         Presentation

This rate includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.

Daily Course Timings:

    08:00 - 08:20       Morning Coffee / Tea

    08:20 - 10:00       First Session

    10:00 - 10:20       Coffee / Tea / Snacks

    10:20 - 12:20       Second Session

    12:20 - 13:30       Lunch Break & Prayer Break

    13:30 - 15:00       Last Session