Dates for this course

23/08/10 - 27/08/10

08/11/10 - 12/11/10

Who should attend:
• Supply chain managers and Warehouse superintendents
• Warehouse managers and administrators
• Inventory planners
• Project engineers seeking to understand the reasons for minimising the range of new materials and inventory arising from development projects
• Maintenance engineers and product standardisation specialists
• Procurement personnel involved in inventory replenishment
• IT personnel involved in the selection and implementation of warehouse and inventory systems
• Staff responsible for demand forecasting processes
• Middle managers who are moving into the logistics function

Course objectives:
• To learn how to manage a complex inventory with many different demand patterns
• To show how to formulate inventory requirements for new projects
• To show to calculate the resources required for an inventory and warehouse management (IWM)
• To show how to set up the key control parameters required to optimise inventory investment
• To identify how service levels are measured in IWM systems
• To demonstrate the need to build cross-functional teams to manage IWM improvement projects
• To show the reporting system requirements for effective IWM
• To demonstrate the risks involved in IWM – obsolescence, poor material quality, and poor levels of control at inventory item level
• To identify the training needs of all IWM personnel

Course content:
• The organisational role of stores and inventory management in supporting efficient and effective operations
• The scope and purpose of stores management and inventory control
• Identifying patterns of demand and product groups within an inventory
• Analysing data to set inventory control parameters
• Dealing with risk and uncertainty in IWM
• Using computer systems to manage and control inventory levels and warehouse operations
• Measuring supplier service levels in stores and inventory operations
• Basic forecasting processes
• Training & development of IWM personnel
• Developing the confidence to be proactive on solving inventory and warehouse problems by crow-functional dialogue