Overview
Warehouses and Inventory Management are critical for the effective management of procurement and the supply chain to enable the efficient delivery of superior customer service. An enterprise’s success can be greatly affected by the efficiency of its warehousing and inventory operations; efficient warehousing and inventory management can save money, help retain customers and maintain continuous operations; but on the contrary its mismanagement can lose an enterprise money, customers and production.
Learning Outcomes
After you complete this course, you will be able to: -
- Understand Warehousing and Inventory Management
- Evaluate current procedures
- Examine operations and activities
- Analyze the key areas of operations
- Identify and Understand key performance indicators
- Succeed in improving operations
- Improve personal productivity
- Make needed changes to methods to improve customer service whilst achieving reductions in inventory
- Eliminate wasteful costs
- Understand and implement the essential tools for managing warehouses and inventory in the supply chain
Course Outline
- 1.1: Describe warehousing, the need for warehousing and the types of warehouses;
- 1.2: Explain the reasons considered for warehousing location;
- 1.3: Describe and explain the functions of warehouse.
- 2.1: Explain the role of inventory management in the supply chain;
- 2.2: Explain it’s the role of inventory management in the competitive strategy.
- 3.1: Describe and explain the functions of inventory;
- 3.2: Explain the types of inventory;
- 3.3: Describe and explain inventory costs;
- 3.4: Describe and explain the need to hold inventory.
- 4.1: Describe and explain methods used to control stock levels
- 5.1: Describe and explain the need for warehouse management systems and their evolution.
- 6.1: Describe and explain the parties in dependent demand systems
- 6.2: Explains the activities of the Dependent Demand System
