Inventory, Transportation, Warehousing, Packaging and Distribution Management
- Date : 15 - 29 April 2021
- Duration : Evening(5 PM-8 PM)
- No. of Classes/ Sessions : 8 Sessions
- Class Schedule : Tuesday & Thursday
- Total Hours : 16
- Last Date of Registration : 14 April, 2021 ( within 5pm )
- Venue : Online Virtual
- The class will be held from 5 PM to 8 PM and there will be a 1-hour Iftar break in between.
Introduction
Inventory, Transportation, Warehousing, Packaging and Distribution 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 can find out GAP that ensures the best value of money 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.
Objective
Explain the basic concept of Inventory ,Warehousing ,Transportation and Distribution 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 , Warehousing ,Transportation and Distribution Management
The purpose of the course is to find out GAP in right Inventory ,Warehousing ,Transportation and Distribution 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 clipContents of Training:
Companies today are challenged to streamline their logistics management processes to maximize efficiencies, customer satisfaction and profit margins. Transport or transportation is the movement of people, animals and goods from one location to another. Modes of transport include air, rail, road, water, cable, pipeline, and space. Transport is important since it enables trade between people, which in turn establishes civilizations. Vehicles traveling on these networks may include automobiles, bicycles, buses, trains, trucks, people, helicopters, and aircraft.Packaging is usually the supplier`s responsibility but the buyer can influence how it is done! Remember that weak packing will result in losses & damage but too strong packing will be unnecessarily expensive.
The management of resources and processes used to deliver a product from a production location to the point-of-sale, including storage at warehousing locations or delivery to retail distribution points. Distribution management also includes determination of optimal quantities of a product for delivery to particular warehouses or points-of-sale in order to achieve the most efficient delivery to customers.
Inventory and 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)
Six Steps to variety reduction
The necessity of stocktaking and Methods and Accuracy of Stocktaking
How do we value Inventory and its costing?
Costing Method(FIFO,LIFO,AVERAGE COSTING,STANDARD COSTING,REPLACEMENT COSTING )
COGS
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
JIT Inventory Management(JUST IN TIME )
Cases when JIT does NOT work
Monitoring inventory movements
Inventory coding systems
Requirement Planning in Supply Chain
MRP ,MRPII
Forecasting Techniques /Methods
Getting started on measuring inventory and performance(Six steps towards an initial evaluation)
Learning Check
Transportation Management:
Meaning of Logistics
Logistics Drivers(Inventory, Transportation, Warehousing)
Practical management of Supply of materials
3PL Logistics
4 PL Logistics
Responsibilities of logistics manager
Transportation Management
Choosing the most appropriate mode of transport
Air Transportation and its documentation
Sea Transportation and its documentation
Road and other transportation and its documentation
Inter Modal, Multi Modal, Uni Modal Transport
Traditional role of a freight forwarders
Sample of an analysis of the alternative transport
Cross Docking
Learning Check
Warehousing Management:
Warehousing
Factors influences in warehousing 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
Packaging Management:
Packaging
Packaging Instructions
Commonly used packaging material
Reverse Marketing and Supplier Development Program
Distribution Management:
Difference between Channel distribution and Physical distribution
Storage at Production warehouse and distribution to depot
Storage at Depot and distribution to next point
Storage at CDC and distribution to next point
Storage to POS and retail distribution
Necessary safety ,security and Risk Management in POD(Point of Distribution)and POS (Point of sales)
Reverse Logistics
CRM and Customer Feedback
Order Fulfillment
CASES, EXCERCISES, VIDEO, GAME, ROLE PLAY
WRAP UP & CLOSING CEREMONY
Related Courses
Resource Person
Md. Arif Khan
M.Com, MBA, PGDIM, INT.DIPLOMA-SCM-(P), Switzerland
Md. Arif Khan is a professional Consultant (Business, Learning & Career) of Sullivan Consulting and Learning services and Chief Supply Chain Officer of FMS Group (Supply Chain, Commercial& Marketing). Mr. Khan is a certified Trainer of WTO/UNCTAD/ITC -Switzerland and CIPS-UK on Supply Chain Management. Mr. Khan has earned his postgraduate degrees on M.Com (Management),PGD(Industrial Management),MBA(Marketing & International Business),International .Diploma (Purchasing and Supply Chain Management ),ITC-Switzerland. Mr. Khan is senior Trainer of DCCI Business Institute on Supply Chain Management since 2006. He is also conducting training in leading Corporate, Training organizations and Institutes in Bangladesh . He was awarded as Top teaching award while worked in a cross cultural environment at INTI International University –Malaysia. Mr. Khan has also conducted and facilitated several Trainings, Workshops, Seminars and Trade Fairs while worked at UNDP, INTI and BRAC. Early 90’s he had started his career with Navana Industries Ltd. as Executive (Import-Export-Industries Division), Mr. Khan also worked at Apex-Adelchi Footwear Ltd., as Commercial Manager(Import-Export-Industries Division) ,at Integra Communications Ltd., as Head of Supply Chain and Corporate Affairs, at UNDP as Specialist(Marketing &Business Development), at AMS Group as CEO (Supply Chain, Commercial, Marketing),at INTI International University-Malaysia as Senior Faculty (Business& Marketing), at Brac as Faculty Coordinator (Business &Enterprises).
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