WAREHOUSING AND INVENTORY MANAGEMENT COURSE

Warehousing and Inventory Management Training in Nigeria

Inventory Management requires that you take action to meet your customers’ demand for faster, more frequent and more reliable deliveries. Your suppliers need to meet increasingly precise inbound schedules. Tomorrow’s customers are more likely to be in another country or continent than they are likely to be from across town, in another state, or in another province.

This intensive and practical training on warehouse and Inventory Management will help you stay in touch with the most important new concepts in the warehousing/stores field, allowing you to respond to the ever-changing operational demands created by an ever-expanding global market.

You will not only learn practical ways to improve equipment selection, warehouse layouts, warehouse control, put-away, packing, loading, picking, and receiving, but you will start immediately to identify ways to apply these ideas to your specific environment.

During the class, you will have the chance to develop your own action plan so you can put the seminar to work for you right away. Furthermore, you will soon see how the time-tested techniques from stores operations and warehouse and  Inventory Management can be used successfully on the job to strengthen the relationship between the overall organization and your warehouse operation.

With a proven warehouse and Inventory Management system, you can transform your warehouse into a pro-active force that lowers your warehouse investment, reduces carrying costs, boosts confidence in physical supply and distribution service levels, and increases customer and user satisfaction. Concerned with warehouse management, control, and costs? Within just a few weeks after attending this program, you should be able to identify ways you can reduce your warehouse by using the concepts, techniques, practices, and principles you will learn in this program

At Warehouse and Inventory Management, you will learn the following:

• How to select a warehouse control method that best suits your warehouse management goals
• How to identify the precise problems that are most troublesome in your warehouse
• Cost-cutting, productivity improvement, warehouse reduction, and cost-effective measures for your warehouse
• The most important concepts in the warehousing/distribution field today and its emerging role
• How to layout your warehouse for good space utilization, material handling compatibility, and optimum efficiency
• Which equipment best suits your particular operations for storage and handling
• Practical techniques for improving your day-to-day warehouse operations
• How to develop a balance between warehouse service level and your customers’ needs
• How to conduct a physical warehouse and a cycle count

The specific benefits of attending Inventory Management Training:

• Measuring warehouse productivity and improving it
• Estimating storage and space requirements accurately
• Practical techniques to manage the critical functions of an effective warehouse
• Selecting the proper equipment for your warehouse
• Choosing efficient storage systems for your warehouse
• Procedures for streamlining the flow of paper and materials to smooth workloads and improve warehouse controls
• Scheduling work to meet volume and costs targets
• Developing specific and realistic guidelines for planning and designing a warehouse
• How to simplify, SIMPLIFY, SIMPLIFY—and increase your warehouse productivity in the process
• Methods for assembling and analyzing the information you need to optimize your warehouse operations
• Increasing the capacity of your warehouse with optimal storage methods
• Balancing your warehouse service level with customers’ requirements
• The importance of focusing on the primary warehouse functions—and continuously improving your results
• How to be aware of the warehouse’s rhythm by determining Inventory Management techniques for scheduling work and evaluating functional operations
• Order filling and selection techniques that will increase the speed, cut the cost, or reduce travel time
• Specific, proven techniques to reduce your warehouse while increasing control and improving customer service

• Ways to achieve a high warehouse record and location accuracy
• A practical, selective warehouse control method to determine the vital few and trivial many of your warehouse—and what you can cut
• Practical guidelines to help you prepare and conduct an excellent physical warehouse
• What a stocking rate is and what impact it can have on warehouse levels
• How to use cycle counting to increase your level of warehouse accuracy

Special Features and Value-Added Extras

• The ten good warehousing practices
• The Dos and Don’ts of physical warehouse procedures
• Checklists for evaluating receiving, storage planning, productive picking, shipping, and layout and housekeeping
• Customer service metrics—universal and standard product measures
• A 3-page checklist to rate your warehouse security
• Checklists for lift truck maintenance, industrial truck safety, and lift truck buying
• Rack storage comparison, narrow aisle storage system combination, and building cube money and space comparison charts
• Cycle count methodology and procedures
• The seven barcoding primers
• The thirteen tips for designing dock productivity
• Warehouse layout planning and material flow checklist
• Warehouse error analysis and stock location methodology comparison charts
• A WMS operations worksheet
• The 6 basic questions of work simplification
• The 4 benefits of warehouse Inventory Management
• A 6-step approach to conduct your own productivity analysis
• 5 examples and 2 situation studies of warehouse layouts

Who should attend the Inventory Management Training?

• Newly appointed as well as experienced supervisors
• Plant, warehouse, and materials managers
• Physical distribution and other management personnel
• Store and shipping supervisors
• Managers, supervisors, and data processing personnel interested in increasing the efficiency of warehouse layouts, systems, and operations

Inventory Management Course Content

1. Introduction to Warehouse Supply Chain Management

• The Supply Chain  and Inventory Management perspective
• How the process works for both Product and Service sectors in the warehouse and stock control business
• Pre Test
• Being customer-focused in the warehouse chain

2. Supply Chain Management of the warehouse operations

• The actual process of the Supply Chain
• The Supply Chain Structure
• Supply Chain and Demand Chain
• Internal and external warehouse customer Inventory Management
• The Bullwhip Phenomenon in the warehouse

3. Warehousing Safety Personal protective equipment (PPE)

• PPE definition and when it should be considered
• PPE basic requirements
• Types of PPE
• Use, maintenance & replacement of PPE
• Safety signs
• Hazard warning and guarding devices

Warehouse Fire Safety and Inventory Management

• Fire theory, fire definition
• Explosion hazards
• Classes of fire and fire extinction
• Causes of fire
• Fire extinction, fire extinguishers, hoses and nozzles
• Fire risk assessment

Warehouse Safety Confined space hazards

• Flammable gases
• Physical hazards
• Detection of potential primary hazards in a confined space
• Safe entry procedure
• Duties and responsibilities
• Confined space entry safe practices

Working at heights in the warehouse

• Hazards of working at heights, work-related injuries
• Responsibilities, training and safety precaution
• Tools used for working at heights
• Working with ladders
• Scaffolding
• Warehouse Fall arrestor system

4. Warehouse Stakeholders Management for effective results

• Elements of stakeholders Management
• Stakeholders Analysis
• Stakeholders Planning
• Stakeholders Prioritization techniques

5. Warehouse Business process Management

• Warehouse Management Planning
• Strategic Alignment for the Warehouse Manager

6. Warehouse Management detailing technique

• The Work Structure of Warehouse Inventory Management
• Warehouse Planning work conversion method
• Implementation technique

7. Warehouse Financial Management

• Warehouse Budget Forecasting
• Warehouse Budget development structuring
• Warehouse Master Budgeting
• Warehouse Financial Performance Inventory Management

8. Stock Control Management tools and techniques

• Introduction
• Objectives
• The opposing view of warehousing
• Factors Affecting Warehousing
• Nature of warehousing
• Costs in Warehousing
• Warehouse Categories
• Setting up the Department of  Warehousing
• Functions of Warehousing
• Selective Warehouse Control
• Reorder Quantity Methods and EOQ
• Reorder Time Methods
• Stock valuation, planning and control 
• Effective and accurate balancing of stock

9. Costs in Warehousing

• Warehouse cost Categories
• Considerations of the management of cash flow
• Reorder Quantity Methods and EOQ
• Reorder Time Methods

10. Warehouse Asset Management

• What Warehouse Asset and Asset Management means
• Linking your Asset Management to Facility strategic planning
• Critical Asset ranking
• Understanding Asset failure
• Effective Asset Management Implementation

11. Warehouse Asset Management Resources

• Integrated warehouse Facilities Management; Life Cycle Costing; Continuous improvement philosophy
• Warehouse Facility Condition Indexing
• Interpreting the FCI range in warehouse Facility Inventory Management
• Real-life situation exercises in FCI
• FCI impacts, Failures and storekeeper’s Morale
• Impact of warehouse Asset Management tools on Corrective maintenance and repairs
• Depreciation technique of warehouse Facility equipment

14. Introduction to Electronic Warehouse Management and Stock Control

• E- Warehouse

• Enterprise Resource Planner usage

• How ERP works in E-Warehouse