WAREHOUSE AND INVENTORY MANAGEMENT

Inventory and Warehouse Management are both closely related areas within the Supply Chain. Inventory Management focuses on the company-wide ordering, receiving, tracking and forecasting of goods while also maintaining accurate documentation and records. Similarly, Warehouse Management also pertains to the control of materials however; it is centred on the operations within the warehouse. While these systems have been in existence for quite some time, recent developments such as global pandemics and increasing competition, have accelerated the need for digital management systems.

This course will expose learners to the ins and outs of Inventory and Warehouse Management. Students will develop interpersonal skills and an understanding of the contemporary techniques and best practices that lead to effective and efficient warehouse and inventory management.

At the end of this course, learners will gain an appreciation for automated warehouse and inventory systems, various categories of digitization and the skills required to lead in this field.

Students will receive a Certificate Of Completion upon completion of the course.

GET STARTED

LEARNING OUTCOMES

Understand the principles of Warehouse and Inventory and the role it plays in the organization.
Develop and understand the critical need for the goals and objectives of inventory management through Key Performance Indicators – KPI’s to achieve outcomes.
Appreciate the various inventory control systems to ensure accuracy such as but not limited to safety stock, reorder points, and order quantities, physical counts, and others.
Understand the application of preservation methods and systems to reduce inventory deterioration and stock value while enhancing item shelf life, useful economic value, operational reliability and efficiency.
Appreciate how OSHA Warehousing Safety Management System provides consistency, efficiency, and quality control to the warehouse process, which helps improve loss time, cost at every stage of the delivery and storage process.
Develop knowledge of contemporary warehouse and inventory management tools and technologies for enhanced productivity and cost reduction management.
Gain knowledge, understand and develop a career pathway necessary for warehouse and inventory management personnel and staff for individual and organizational growth.

Start Date: To Be Announced – May, 2024

Classes and Schedule:

6 Sessions from 6:00pm – 8:00pm

To Be Announced – May, 2024	6:00pm – 8:00pm
To Be Announced – May, 2024	6:00pm – 8:00pm
To Be Announced – May, 2024	6:00pm – 8:00pm
To Be Announced – May, 2024	6:00pm – 8:00pm
To Be Announced – May, 2024	6:00pm – 8:00pm
To Be Announced – May, 2024	6:00pm – 8:00pm

PROPOSED TOPICS:

IDENTIFYING AND DEFINING WAREHOUSE AND INVENTORY MANAGEMENT

Definition
Nature and Characteristics
Development and Importance
Reporting Relationships

THE ROLE OF W&I MANAGEMENT IN THE ORGANIZATION

Service Provider
Materials Coordinator
Business Analyst
Cost Reduction Management

SKILLS AND COMPETENCIES

Academic vs. Functional Requirements
Physical Attributes
Personal Characteristics

THE BASIC ELEMENTS OF WAREHOUSE AND INVENTORY MANAGEMENT

Receiving
Issuing
Storage and Preservation
Physical Inventory Management/ Stock Count
Inventory Management Control

STORAGE AND PRESERVATION TECHNIQUES

Understanding the cost implications of storage and preservation
Specialized Storage techniques
Importance of knowing Holding Cost

WORKSHOP – IMPROVING YOUR WAREHOUSE FACILITY LAYOUT

Discover methodologies for layout planning
Rearranging to reduce travel time and optimize labour, equipment and space resources
Identifying OSHA Safety Issues for Warehouse Operations
Developing and Customizing KPIs for your specific problems

INVENTORY MANAGEMENT CONTROL TECHNIQUES

Fix Order Point
JIT
Materials Requirement Planning
Dependent Demand System
Electronic Data Interface
Economic Order Quantity

CONTEMPORARY TOOLS & TECHNIQUES IN WAREHOUSING

Bar-coding
CMMS (Warehouse Management Systems)
Analytical Tools

WHO SHOULD ATTEND:

The course targets professionals engaged in:

Inventory Procurement
Supply Chain
Warehousing
Fleet Management
IT
Marketing
Sales
Logistics
User Department that interact with Warehouse and Inventory staff on a regular basis
Persons wishing to develop a career in Warehousing and Inventory related field.