Store and Inventory Management
Strategic Store and Inventory Management: Learn the Best Practices
Store and Inventory Management: Inventory has always been the biggest concern for the world for customer satisfaction and cost reduction. Inventory Management is a very technical and strategic approach that we can learn through this training to enhance customer satisfaction and have significant cost-saving for the organization.
A warehouse or DC is a place for Inventory parking and Inventory movement So there has always been a need to run a warehouse with the best fit, advanced, and global practice. At the warehouse Inventory turnover with lean and agile methods earmark huge money.
Learning Outcome
After attending the session participants will gain in-depth knowledge of;
- Complete understanding of Procurement, sourcing, and process.
- Equip with the application know-how including the latest developments in stores and inventory management.
- Familiarize with various concepts of Stores and Inventory Management including Physical inventory checks, priorities, and role in business consolidation
- Evaluate procedures, change and improve methods wasteful activities, and excess costs.
- Apply the acquired techniques and essential tools for the effective management of store and inventory.
- Cost optimization through the proficient procurement process and inventory control.
- Understanding of logistics optimization.
Course Content
- Review of logistics and inventory
- Training Objective & Career Enhancement
- What is the store?
- What is the warehouse?
- Inventory flow in Store and warehouse?
- Managing Inventory
- Inventory Life cycle
- Type of Inventory
- Inventory Classification
- Inventory Level Function (Safety Stock, Re-order Level, Min Level, Max Level
Targeted Participants
- Materials, logistics, and production professionals
- Production controllers
- Material and inventory planners
- Schedulers
- Stores and finance personnel
