INVENTORY
CONTROL AND WAREHOUSE MANAGEMENT 
This course provides an understanding of the supply chain environment, focused on inventory control. Kanban, JIT, MRP and VMI concepts allied to operation techniques and systems contribute to a better warehouse management.
OBJECTIVES
-
To equip participants with the knowledge to reduce costs and improve service
levels in operations
- To understand how business units inside a supply chain can optimise their
efforts, mainly by focus on value-addition.
TARGET AUDIENCE
- Operations and Logistics managers, coordinators, analysts and all staff involved directly or not in the Inventory Control.
COURSE OUTLINE
Supply
Chain theory
- Buy, Make, Store, Ship & Sell
- Inter relationships focussed on Customer satisfaction
Fundamentals
of Inventory Overview
- What is Inventory? Working Capital cycle
- Types and Costs of Inventory – Unit cost, Re-Order Cost, Holding
Cost, Obsolescence, Shortage
- Purpose of Inventory
Inventory Control
- Measurement – Inventory Turns / Days Inventory / Cash Cycle
- ABC / Pareto analysis
- Dependent v Independent demands
- Cycle Counting
- EOQ replenishment – Strengths/Weaknesses, Bullwhip effect
- Re-order point models
Kanban/JIT/MRP/VMI
- MRP control exercise
- Quick Response / JIT/Lean management / Push v Pull logistics
- VMI
Warehouse
Operations
- Receiving product / Put away
- Storing of product
- Retrieving/Order Picking – Store layout design critical
- Staging / Consolidation
Storage
Media
- Small items – shelves / carousels
- Block stacking – LIFO
- Pallet Racking – Wide (4.0m) or Narrow (2.7m) aisle – FLTs
- Drive In/Through or Cantilever
- Very Narrow aisle (1.5m)
Warehouse
Management
- Warehouse design / layout / location
- Warehouse functions
- Internal Interfaces
- Warehouse and Customer Service
- FIFO/LIFO
- Configuration options – Private/Public/3rd & 4th Party Logistics
Warehouse
Control Systems
- WMS – Off the shelf versus Custom-made systems
- Barcoding – 1 & 2 dimensional barcode labels
- Fixed or Mobile scanners
- RFID technology – Active or Passive tags