Course Details

Objective

• Understand the fundamentals of warehouse and inventory management.
• Learn key concepts in material stock control and storage strategies.
• Apply statistical techniques for inventory forecasting and analysis.
• Develop skills in effective stock control to minimize waste and maximize efficiency.
• Understand best practices in stores and warehouse operations, including handling and safety.

Content

1. Introduction to Warehouse and Inventory Management

• Importance of effective warehouse management
• Overview of inventory types and classification
• Key challenges in warehouse and stock management

2. Warehouse Layout and Design Principles

• Principles of effective warehouse layout
• Types of storage systems and facilities
• Factors influencing warehouse design

3. Material Handling and Storage Techniques

• Basics of material handling
• Storage strategies for different types of materials
• Safety practices in material handling and storage

4. Stock Identification and Classification

• SKU management and stock identification techniques
• Classification methods (ABC analysis, Pareto Principle)
• Item Identification and control (AIDC)
• Barcoding and RFID

5. Inventory Control Principles and Practices

• Objectives and principles of inventory control
• Methods of stock replenishment
• Determining optimal stock levels and reorder points
• Strategies for managing demand fluctuations

6. Statistical Methods for Inventory Forecasting

• First and Second law of Forecasting
• The Forecasting Process
• Demand Patterns
• Demand forecasting methods (qualitative and quantitative)
• Simple Moving Average (SMA) Forecasting
• Exponential Smoothing Moving Average (EMA) Forecasting
• Time series analysis for inventory planning
• Measuring Forecasting Errors

7. Cost Control in Warehouse and Inventory Management

• Cost elements in inventory management
• Techniques for reducing holding and ordering costs
• Calculating inventory turnover ratio

8. KPIs and Performance Metrics for Warehouse Operations

• Key Performance Indicators for warehouse and stock control
• Tracking and analyzing warehouse efficiency
• Continuous improvement in warehouse operations

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