Course Overview:
This course is designed to provide participants with advanced knowledge and skills in warehouse and inventory management. The course focuses on best practices, cutting-edge strategies, and technologies that enhance operational efficiency, cost control, and service levels. Participants will learn how to streamline processes, optimize warehouse layouts, implement inventory control techniques, and make data-driven decisions using advanced software tools. Additionally, the course covers demand forecasting, supplier relationship management, and risk mitigation to ensure smooth and effective warehouse and inventory operations.
Duration
5 Days
Who Should Attend
- Warehouse and inventory managers
- Supply chain and logistics professionals
- Procurement and purchasing officers
- Operations managers
- Business owners involved in warehousing and inventory functions
- Professionals looking to enhance their knowledge of inventory control and warehouse management
Course Objectives
By the end of this course, participants will be able to:
- Apply advanced warehouse management techniques to improve operational efficiency.
- Implement inventory control systems to reduce costs and minimize stockouts and overstocking.
- Optimize warehouse layout and storage systems for better workflow and space utilization.
- Use modern software tools and data analytics to manage inventory effectively.
- Develop and execute demand forecasting and inventory replenishment strategies.
- Enhance supplier collaboration and manage warehouse risks more effectively.
- Implement safety and regulatory compliance practices in warehouse operations.
Course Outline:
Module 1: Warehouse Design, Layout, and Process Optimization
- Introduction to warehouse management and supply chain integration
- Optimizing warehouse design and layout for efficient operations
- Best practices for warehouse process flow and material handling
- Technology in warehouse operations: Automation and WMS (Warehouse Management Systems)
Module 2: Advanced Inventory Control Systems
- Inventory management principles: ABC, Just-In-Time (JIT), and Economic Order Quantity (EOQ)
- Implementing perpetual and periodic inventory systems
- Techniques for reducing stock discrepancies and ensuring inventory accuracy
- Minimizing waste, shrinkage, and obsolescence
Module 3: Demand Forecasting and Inventory Planning
- Demand forecasting techniques and their role in inventory planning
- Inventory replenishment methods and safety stock calculation
- Balancing inventory levels with demand fluctuations
- Managing seasonal demand and product life cycles
Module 4: Warehouse Technologies and Automation
- Modern tools for inventory tracking: Barcodes, RFID, and IoT in warehouses
- Utilizing Warehouse Management Systems (WMS) and Enterprise Resource Planning (ERP) systems
- Data analytics and reporting for decision-making in warehouse and inventory operations
- Managing the human factor: Employee training, motivation, and performance tracking
Module 5: Risk Management, Safety, and Supplier Collaboration
- Risk identification and mitigation in warehouse operations
- Ensuring safety and compliance with industry standards and regulations
- Supplier relationship management and improving lead times
- Continuous improvement strategies for warehouse and inventory management
