Inventory & Warehousing / Store Management training centre in Bangladesh

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Inventory & Warehousing / Store Management

Introduction

Inventory/Material and Warehousing /Store Management course is designed and articulated to sharpen participant’s knowledge and skills in managing Inventory ,Warehousing ,Transportation and Distribution Management efficiently and successfully .Moreover after completion of this course participant will be more confident and can find out GAP that ensures the best value of money ,time ,effort invested by the individuals or organizations.
Inventories are materials and supplies that a business or institution carry either for sale or to provide inputs or supplies to the production process. All businesses and institutions require inventories. Often they are a substantial part of total assets. Financially, inventories are very important to manufacturing companies. On the balance sheet, they usually represent from 20% to 60% of total assets. Inventory Management ties up capital, requires handling, uses storage space, deteriorates, sometimes becomes obsolete, requires insurance, incurs taxes, can be stolen or gets lost.
The role of warehousing and storage has changed drastically as customer and vendor compliance issues have come to surface and a greater emphasis has been placed on operations and customer satisfaction. There are more demands and expectations in today’s industry. The management of warehousing operations requires a unique combination of engineering, IT, human resources and supply chain skills. Warehousing may occur at several points in the supply chain & is one of the main drivers of cost and value.

Objectives of this training:

•Explain the basic concept of Inventory/Material and Warehousing/Store Management
•It aims to provide participants foundational and advanced knowledge on how to tackle, resolve, and manage myriad complex problems and issues that confront of Inventory and Store Management.
•The purpose of the course is to find out GAP in right Inventory and Warehousing/Store Management that ensures the best value of money thus efficiency can be obtained.
• Supply the products and services to the right places in right time and satisfy the customer

Methodology

Lecture & discussion, Power Point Presentation, Peer learning, Group work and presentation, Experience sharing, Role play,Buzz and simulation games, Case study exercises, Video clip

Contents of Training:

INVENTORY / MATERIAL MANAGEMENT:

- Inventory management / Material Management
- Stages of Inventory
- Types of Inventory
- Financial implications of holding inventory
- How much inventory to hold(Pipe Line Model)
- Factors Affecting Inventory Policy
- Signs of Trouble in Inventory Management
- Reasons for keeping inventory
- The role of the Inventory Manager
- Inventory Operations
- Pareto 80/20 rule
- The Supply Positioning Model: Approaches to managing stock
- Inventory Categorization (ABC Analysis based on 80/ 20 rule)
- The necessity of stocktaking and Methods and Accuracy of Stocktaking
- How do we value Inventory and its costing?
- EOQ model and Calculation of EOQ
- Danger level of materials or inventory stock and its calculation
- Re-order level or ordering point or ordering level and its calculation
- Safety stock calculation
- Inventory coding systems
- Requirement Planning in Supply Chain
- MRP , MRPII
- Learning Check

Warehousing/Store Management:

- Warehousing/ Store Management
- Factors influences in Warehouse design
- WMS(Warehouse management System)
- Warehouse Location
- Types of warehouse
- Ware housing costing method
- Principle of efficient material handling in the warehouse
- Main Goals of warehouse management operation
- Warehouse efficiency and inventory health
- Learning Check
- CASES, EXCERCISES, VIDEO, GAME, ROLE PLAY
- WRAP UP & CLOSING CEREMONY

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The professionals engaged in Inventory ,Procurement, Warehousing ,Logistics, Transportation and Distribution ,Shipping, Freight Forwarding ,Customs, Courier , Supply, Marketing, Export, Import, Specially Fresher, Post Graduate Business and Engineering Students, SCM Training and more those are involved in Private Sector, Public sector and Nonprofit organizations (NGOs)