Inventory Control and Warehouse Management Training Course
INTRODUCTION
Effective inventory control and warehouse management are essential components of a company’s supply chain and logistics operations. Properly managing inventory and warehouse operations ensures that products are available when needed, reduces excess inventory costs, and enhances overall operational efficiency. This course is designed to equip professionals with the skills to manage inventory levels, optimize warehouse layouts, and implement best practices in warehouse management.
Participants will learn how to control inventory, reduce stock discrepancies, ensure accurate order fulfillment, and implement strategies for improving warehouse productivity. The course covers the use of technology, key performance indicators (KPIs), and data-driven decision-making to enhance warehouse and inventory operations.
DURATION
5 days
TARGET AUDIENCE
This training course is intended for professionals involved in inventory control and warehouse operations. The target audience includes:
- Warehouse Managers and Supervisors
- Inventory Control Managers and Officers
- Supply Chain and Logistics Managers
- Operations Managers
- Procurement and Purchasing Professionals
- Stockroom and Warehouse Staff
- Retail and E-Commerce Managers
- Production and Manufacturing Managers
- Distribution and Logistics Coordinators
- Entrepreneurs and Small Business Owners
COURSE OBJECTIVES
By the end of the course, participants will be able to:
- Understand the principles of inventory control and warehouse management.
- Implement best practices for managing inventory to optimize costs and service levels.
- Develop strategies for minimizing stock discrepancies and inventory waste.
- Design and optimize warehouse layouts for efficiency and productivity.
- Apply modern techniques for inventory tracking and warehouse operations, including the use of technology.
- Implement and monitor key performance indicators (KPIs) to improve inventory and warehouse management performance.
- Improve order picking, packing, and shipping processes to enhance customer service and reduce lead times.
- Manage and control inventory turnover rates, safety stock levels, and stock replenishment processes.
- Ensure compliance with health and safety regulations within the warehouse environment.
COURSE CONTENT
Module 1: Introduction to Inventory Control and Warehouse Management
- Overview of Inventory Control and Warehouse Management
- The Importance of Effective Inventory and Warehouse Practices
- Key Challenges in Inventory Management
- Trends and Technologies in Warehouse Management
Module 2: Inventory Management Fundamentals
- Types of Inventory: Raw Materials, Work-In-Progress (WIP), Finished Goods
- Understanding Inventory Costs: Holding, Ordering, and Shortage Costs
- Inventory Categorization: ABC Analysis, FSN, and VED
- Setting Reorder Points and Safety Stock Levels
- Managing Inventory Turnover and Optimizing Stock Levels
Module 3: Demand Forecasting and Stock Replenishment
- Forecasting Demand: Methods and Tools
- Balancing Supply and Demand to Prevent Overstocks and Stockouts
- Replenishment Strategies: Just-in-Time (JIT), Economic Order Quantity (EOQ)
- Managing Lead Times and Supplier Relationships
- Best Practices in Stock Replenishment
Module 4: Warehouse Layout and Design Optimization
- Designing Efficient Warehouse Layouts: Zoning, Flow, and Space Utilization
- Warehouse Storage Solutions: Shelving, Pallet Racking, and Automated Systems
- Optimizing Picking Paths and Reducing Travel Time
- Implementing FIFO, LIFO, and Other Storage Methods
- Ergonomics and Safety in Warehouse Design
Module 5: Warehouse Operations and Productivity
- Streamlining Receiving, Storing, Picking, and Shipping Processes
- Order Fulfillment Strategies: Batch Picking, Wave Picking, and Zone Picking
- Improving Packing and Shipping Accuracy
- Reducing Lead Times and Optimizing Delivery Schedules
- Managing Reverse Logistics and Returns
Module 6: Inventory Control Techniques
- Cycle Counting and Physical Inventory Audits
- Preventing and Managing Inventory Discrepancies
- Implementing Barcoding and RFID Technologies for Inventory Tracking
- Software Solutions for Inventory Management (WMS, ERP)
- Reducing Inventory Shrinkage: Theft, Damage, and Obsolescence
Module 7: Measuring Performance and KPIs in Warehouse Management
- Key Performance Indicators (KPIs) for Inventory and Warehouse Management
- Measuring Inventory Accuracy, Order Cycle Time, and Warehouse Utilization
- Continuous Improvement Through Data Analysis and Reporting
- Benchmarking Warehouse Operations and Setting Performance Targets
- Using Dashboards for Real-Time Monitoring of Warehouse Operations
Module 8: Health, Safety, and Compliance in Warehouse Management
- Ensuring Warehouse Safety and Compliance with Regulations
- Implementing Safety Protocols for Handling Hazardous Materials
- Training Staff on Health and Safety Standards
- Emergency Preparedness and Risk Management in Warehousing
- Maintaining a Safe Working Environment
CERTIFICATION
- Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate
TRAINING VENUE
- Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.
AIRPORT PICK UP AND ACCOMMODATION
- Airport pick up and accommodation is arranged upon request
TERMS OF PAYMENT
- Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com
