Integrated Inventory and Warehouse Management

Course Overview

Inventory Management and Warehouse Management are similar disciplines, as both aids in moving inventory from supplier to end consumer efficiently and effectively. Each involves storing, shipping and reordering stock. Inventory management is usually the first step in all the distribution processes that take place within the warehouse. Warehouse management is more connected to the other aspects of the entire management system. Integrated Inventory Management and Warehouse Management focus on the techniques when organisations are looking to reduce costs as, at times, they ignore the inventory sitting in their warehouses and the cost of carrying that inventory. Inventory Management is critical in operations as inventory is a current asset to a firm. Carrying inventory comes with a certain degree of risk, and this risk is a component of the cost of maintaining inventory. Regardless of the size of the company, having a proper inventory management system is very important for any business. It can help the participants keep track of all your supplies and determine the exact prices.

This 5-day interactive Integrated Inventory and Warehouse Management training course will facilitate the participants to acquire the importance of Inventory management in general as well as several key components, like logistics, stock control and physical distribution, special for different businesses, to obtain the knowledge and skills to be able to plan, organise, execute, and control the organisation of effective inventory management and warehouse management.

Course Objectives

This training course will facilitate the participants to learn several methods for understanding the appropriate inventory methods to be applied and how to integrate and improve the management of inventories and warehouses.

After the training course, the participants will learn to:

• Understand inventory management and warehouse management
• Describe the different types and uses of inventory
• Understand the appropriate Inventory methods to be applied
• Understand inventory’s role in service organisations
• Examine the link of inventory in the company supply chain operations and activities
• Apply the correct cost and service balance

Target Audience

This training course has been created for everybody actively involved in inventory management, warehouse management, supervisors, and middle & top management levels working in professional organisations.

It will be valuable to the professionals, including (but not limited to) the following:

• Warehouse Managers
• Supply Chain Managers
• Warehouse Keepers
• Distribution Professionals
• Stock Professionals
• Warehouse Operatives and Supervisors
• Inventory Management Managers
• Those New to Managing Warehouses or Stores
• Those Non-warehouse people who need to gain an awareness of the issues and key drivers of stock control operations

Training Methodology

This training course is driven by a blended learning approach based on adult learning techniques such as lectures, video presentations, trainer-facilitated workshop exercises, case studies, self-reflection, and debates. The different methods will lead to higher engagement because the delegates will be doing things and thinking about what they are doing. Furthermore, it will build self-confidence, and they will be pulled out of their comfort zones to share their thoughts, opinions, and conclusions about specific topics. Lastly, this blended learning approach will allow instant feedback and improvement and stretch creativity and innovation.