Practical Inventory & Warehouse Management
Should you overstock or understock?
Well, you should not do either as both may result in negative impact to your organisation’s finances. Similarly, poor inventory management could result in obsolete stock and even theft, causing financial lost.
Effective inventory and warehouse management, requires adequate systems to be put in place to track items when they are in and when they go out. It is important that all inventories items in a warehouse are recorded in one place, so that the items can be found whenever they are required. Inventory management also has implications on customer service.
By the end of this training programme, participants will be able to apply the four key aspects of inventory management, namely:
Optimize Inventory Levels
Build an Inventory Management Plan
Design & Manage Warehouse Operations
- Increase Accuracy, Traceability & Reduce Parts Variety
This two day course will cover the most important aspects of inventory management from warehouse design and operations through forecasting requirements and parts variety reduction to evaluating inventory practices and building an effective inventory management plan of action.
Managers, executives and officers in Materials Management, Stock Control, Warehouse & Logistics, Inventory; Internal Auditors, Product Specialists, Stock-takers and Assessors whose functions and responsibilities are involved in one way or another in planning, organizing, controlling, management and supervision of inventory, material and stockholding in the organization.
2 days, 10am to 5.30pm / 12 hours
Hand-outs and recommended text
A certificate of attendance will be issued to participants who have attended and completed the programme.