This course aims to help the supply chain professional to understand and apply major and significant aspects of inventory management:

• Optimize Inventory Levels
• Build an Inventory Management Plan
• Design & Manage Warehouse Operations
• Increase Accuracy, Traceability & Reduce Parts Variety

CONTENT

Introduction

• What is Inventory Management
• Working Capital Cycle
• Why is Inventory Management important
• Why keep Inventory
• How much Inventory to Keep
• The Role of the Inventory Manager

Effective Inventory Management

• Introduction to Effective Inventory Management
• Inventory Management& the Supply Chain Strategy
• Demand Forecasting
• Lead time Management

Inventory Planning

• Introduction to Inventory Planning
• Service Level Policies – OTIF
• Inventory Categorization Techniques
• ABC Analysis
• Fast & Slow Moving, Excess, Obsolete & Defective Stocks
• Traceability and Variety Reduction
• Inventory Coding Systems
• The Inventory Management Plan

Inventory Operations

• Introduction to Inventory Operations
• Monitoring Movements
• Inventory Accuracy
• Measuring and Valuation of Inventory
• Receipt & Issuance of Inventory
• Systems to Replenish Inventory

Warehouse Planning & Systems

• Introduction to Warehouse Planning & Systems
• Warehouse Location & Acquisition Options
• Warehouse Design
• Warehouse Layout
• Materials Handling & Equipment
• Warehouse Operations
• Record Keeping & Communication
• Perpetual Systems/Continuous Review Systems
• International Quality Standards
• Physical Inventory & Cycle Counting
   

FOR WHOM:

Stores Purchasing and Logistics Personnel in the Public and Private Sectors

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

This course is available in the following locations:
Nigeria - $5000
Rwanda - $7000
UK - $8000
USA - $8000