Course Details

Objective

• How to select an inventory control method that best suits your inventory management goals
• How to identify the precise problems that are most troublesome in your warehouse
• Cost-cutting, productivity improvement, inventory 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 inventory and a cycle count

Content

Day 1: Introduction to Warehousing Management & Inventory Classification

• Warehousing Management
  • Objectives, Functions & Challenges in the Arab World
  • Use of Computers in Warehousing
• Inventory Classification & Accuracy
  • ABC Classification
  • Uses of ABC Classification
  • Periodic & Cycle Counting Methods

Day 2: Organizing Storage & Material Handling

• Storage & Material Handling
  • Warehouse Layout & Storage Utilization
  • Stock Location: Fixed vs Random
  • Material Handling Equipment & Operations Improvement
• Warehouse Safety
  • Safety Hazards & Unsafe Conditions
  • Planning for Safety & Housekeeping
• People-related Issues
  • Staff Management & Corrective Guidance

Day 3: Productivity & Warehouse Audits

• Warehouse Productivity
  • Definition, Causes of Lost Time, KPIs
• Warehouse Audits
  • Objectives, Periodic Audits, Audit Steps

Day 4: Inventory Management & Forecasting

• Inventory Management
  • Objectives, Responsibilities & Customer Service
  • Inventory in the Arab World
• Inventory Types & Classification
  • ABC Classification & Cataloguing
• Forecasting & Lead Time
  • Seasonal Demand, Moving Average, Exponential Smoothing
  • Controlling Lead Time
• Inventory Systems
  • Costs, Max-Min System, Safety Stock, Quantity Discounts

Day 5: Inventory Control & Investment Reduction

• Counting & Controlling Inventory
  • Counting Methods & Accuracy
• Reducing Inventory Investment
  • Surplus Identification & Disposal
  • Just-In-Time (JIT) Method
• Performance Measurement
  • KPIs & Targets in Inventory Management

NOTE:

Pre & Post Tests will be conducted

Case Studies, Group Exercises, Group Discussions, Last Day Review & Assessments will be carried out.

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Methodology

A highly interactive combination of lectures and discussion sessions will be managed to maximize the amount and quality of information and knowledge transfer. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. You will also be encouraged to raise your own questions and to share in the development of the right answers using your own analysis and experiences.  Tests of the multiple-choice type will be made available on a daily basis to examine the effectiveness of delivering the course.

All presentations are made in excellent colorful power point. Very useful Course Materials will be given.

• 30% Lectures
• 30% Workshops and work presentation
• 20% Group Work& Practical Exercises
• 20% Videos& General Discussions