Inventory and warehousing Management Sustainability

Attendees will learn how the stores or warehouse function affects and contributes to both the profitability and efficiency of an organisation and the importance of controlling inventory. Attendees are made aware of the significant investment stock represents and the necessity for strict control. Contemporary methods and techniques for the efficient storage of inventory with emphasis on practical issues such as security, stock accuracy, optimising the use of space, reducing surplus and obsolete stock and stocktaking.

Who should attend

Intended for all stores and warehouse personnel who require a greater understanding and appreciation of their important role in inventory management and business efficiency. It is also suitable for those who manage and interface with the function and therefore need to be aware of the operational and financial benefits of an effective stores and warehouse activity.

Content

• The Stores/Warehouse Function: The Importance of Good Service, Interaction with Other Functions, Customer Service, Physical Security, Security through Administration and Technology.
• Stockholding: Reasons for Holding Stock / Cost of Holding Stock / Controlling and Reducing Stockholding Costs / Product Knowledge and Traceability
• Stock Accuracy and Stock Recording: Necessity for Accuracy, Causes of Stock Errors, Getting Stock Accuracy, Receipts and Issues Procedures.
• Stores/Warehouse Planning and Design Layout: Planning, Receipts and Issues, Optimising the Efficiency of the Storage Area.
• Order Picking and Stock Issues: Stock Retrieval and Improving Speed and Accuracy / Order Picking Methods.
• Measuring Performance Key Performance Indicators (KPI’s:) Stock Control Systems ABC Analysis / Basic Concepts of Quantity and Time-Based Systems / Min-Max Systems / Topping Up Systems / Re-Order Systems / MRP / JIT.
• Stocktaking Purpose / Periodic Stocktaking or Cycle Stocktaking / Treatment of Discrepancies / Surplus, Obsolete and Redundant stock
• Health, Safety and Environmental Issues
• Case Studies and Team Exercises