OBJECTIVES
- Learn the principles of Warehouse and Inventory Management
- Evaluate current procedures
- 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
OUTLINE
Part I: Warehouse, Stores and Stock Control Management
1.The Role of the Warehouse
An introduction to why we need a warehouse, what functions do they cover, how do they fit into the supply chain including:
- The balance between sorting and storing
- 12 initial questions to ask about warehousing activity
2.Product Classification
It is important to establish key characteristics of the products handled as this has implications for all the warehouse operations. Such characteristics include:
- Supply /demand variables
- ABC Analysis or the 80/20 rule
- Determining product handling groups
- Throughputs and product formats
3.Layout Options
In examining all the operations undertaken, the balance has to be found between maximizing space usage whilst minimizing the time taken to carry out the operations. This involves looking at:
- Receiving options
- Storage options
- Picking/assembly options
- Despatching options
- Using the floor and the height space Organising for flow
4.Methods and Equipment
Here we specifically look at the lifting, storing and moving equipment available for specific layout options, including:
- Warehouse structures
- Loading bays
- Selecting forklift trucks
- Selecting racking
- Implications for warehouse layouts
- Operational timings and planning
5.Health and Safety
Warehouses are potentially dangerous areas in which to work, and an overview of the appropriate legalization will be looked at, including:
- Duty of care
- Inspections and risk assessments-task analysis
- Equipment maintenance and care
- Raising peoples awareness
6.Security and Loss
This session looks at minimizing internal and external theft, recognizing that, generally internal theft is the major problem. Preventative measures will be briefly discussed.
7.Productivity and Costs
To make operations efficient and effective, then cost control and productivity need to be managed. This session will therefore look at:
- 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
8.Service Levels
As Warehouses are a link in the total process of satisfying customers, this session will, therefore, look at:
- Internal and external customers
- The three key customer service measure
- Customer service sampling
- Effects of substandard service
- Minimizing errors
9.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
10.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?
11.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 program
- Options
- Reconciliations / discrepancies
12.Summary
Finally, in linking together all the sessions, we put forward simple overviews and a clear summary, including:
- The 7 step model for better warehouse management
- The top 20 warehousing ideals for continuous improvement
Part II: Inventory Management Techniques
1. 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
2.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
3.Methods and Equipment
Here we specifically look at the lifting, storing and moving equipment available for specific layout options, including:
- Warehouse structures
- Loading bays
- Selecting forklift trucks
- Selecting racking
- Implications for warehouse layouts
- Operational timings and planning
4.Inventory Replenishment Methods and Systems
- Basic mechanics of inventory systems
- The stock time curve
- Stock components
- Stock investment
- Free stock
- Fixed order quantity systems
- Fixed order time cycle systems
- Requirements planning systems
5.Stock Control and Checking
- Inventory receipts
- Identifying inventory
- Surplus and obsolescent stock
- Stock control and records
- Stock checking programs
- Reviewing current procedures and policies
6.Inventory Performance
- Inventory Assessment
- Assessing the stock level
- Models for implementing inventory control
- Determining stock targets
- Inventory questions
- Inventory KPI's in warehouses/stores
7.Inventory Strategies
- Push/pull
- Quick response (QR)
- Efficient consumer response (ECR)
- Collaborative planning forecasting and replenishment (CPFR)
- Lean and agile approaches
- Quality Management
- Postponement
- Cross Docking
- Consolidation
- Vendor Managed Inventory (VMI)
- Consignment stocking
- Co-Managed Inventory (CMI)
- Direct product profitability (DPP)
- Economic value added (EVA)
- Collaborative supply chains
8.Inventory Improvements
- The Supply Chain and the Theory of Constraints
- Practical inventory improvements
- Keys to reducing stock levels
- Rules for planning inventory
- Model for planning inventory
WHO SHOULD ATTEND:
- This program is for all individuals who have a stake in the Supply Chain and all Logistics, Materials, Inventory, Stock, Warehouse and Distribution Professionals
- It will also help those who need to develop their limited understanding of Warehouse and Inventory management
- It will be especially helpful to all those who are looking to make business gains and benefits and to any owners, operators, and directors of companies with warehouse and stores operations and who hold stock and inventory
DURATION:
