Warehouse Management: Strategy, Implementation & Control

Introduction:

Warehouses and Inventory Management are critical for the effective management of procurement and the supply chain to enable the efficient delivery of superior customer service.

Warehouses and Inventory controls are often overlooked and are not thought to be an important activity. Therefore, incorrect levels of inventory can be held with attendant knock-on effects on costs, availability, and customer service.

Targeted Groups:

Procurement Managers
Procurement Professionals
Warehouse Managers
Inventory Managers
Logistics Professionals
Supply Chain Professionals

Course Objectives:

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

Evaluate procedures, change and improve methods wasteful activities and excess costs.
Discover all of the essential tools for the effective management of warehousing and inventory
Achieve the best in class performance is exactly what this program is about.
Use all of the practical skills to take back to the workplace so that all those internal problems that limit performance are avoided.
Learn the principles of Warehouse and Inventory Management
Examine operations and activities
Analyze the key areas of operations
Identify and Understand key performance indicators
Succeed in improving operations
Improve personal productivity
Make needed changes to methods to improve customer service whilst achieving reductions in inventory
Eliminate wasteful costs
Avoid those internal problems that limit performance
Obtain added value for money
Understand and implement the essential tools for managing warehouses and inventory in the supply chain

Targeted Competencies:

Understanding the stock analyzing
Gaining from making productivity improvements in all operations
Understanding the warehouse equipment selecting and maintaining
Conducting safe working practices and operations
Applying a framework for continual improvement
Gaining the financial benefits that effective warehouse and inventory management can bring

Course Content:

Unit 1: The Role of the Warehouse:

Why we need a warehouse,
What functions they cover,
How do they fit into the supply chain
The balance between sorting and storing
12 initial questions to ask about warehousing activity

Unit 2: Product Classification:

Supply / Demand variables
ABC Analysis or the 80/20 rule
Determining product handling groups
Throughputs and product formats

Unit 3: Layout Options:

Receiving options
Storage options
Picking/assembly options
Dispatching options
Using the floor and the height space
Organizing for flow

Unit 4: Methods and Equipment:

Warehouse structures
Loading bays
Selecting forklift trucks
Selecting racking
Implications for warehouse layouts
Operational timings and planning

Unit 5: Health and Safety:

Duty of care
Inspections and risk assessments-task analysis
Equipment maintenance and care
Raising people's awareness

Unit 6: Security and Loss:

Minimizing internal theft
Minimizing external theft
Preventative measures will be briefly discussed.

Unit 7: Productivity and Costs:

Fixed and variable cost
Typical costs involved
A model for understanding the roles of productivity, utilization, and performance
Setting productivity and cost targets
The importance of having measurements and key indications of performance

Unit 8: Service Levels:

Internal and external customers
The three key customer service measure
Customer service sampling
Effects of substandard service
Minimizing errors

Unit 9: Warehouse Layout:

Different types of layout with advantages and disadvantages
Planning for flow in the warehouse
Checklists to help on deciding the best option

Unit 10: Inventory and the Supply Chain:

Inventory management definition
Types of stock
Demand amplifications
Demand replenishment in networks
Managing the flows
Type I and II supply chains
The Supply Chain Rules
Inventory and statistics
Concept of service level

Unit 11: Inventory Key Concepts:

Key Component: Demand Analysis
Key Component: Demand Forecasting
Key Component: Supply Lead Time
Key Component: Cost & Benefits
Inventory benefits
Inventory policies
Inventory in organizations

Unit 12: Inventory Replenishment Methods and Systems:

Basic mechanics of inventory systems
The stock time curve
Stock components
Stock investment
Free stock calculation
Simple replenishment methods, for example, Min/Max
Accurate replenishment methods, for example, Reorder Point and Reorder Level (ROP/ROL)
Requirements planning systems, for example, Materials/Manufacturing Resource/Requirements Planning (MRP / MRPII)