Warehouse Management and Inventory Control Workshop in Shanghai

Programme Introduction

Inventory proves to be one of the largest expenses of the organization, right behind the payroll. With the modern supply chain increasing the complexities of handling the inventory, the importance of effective stock control systems has become evident. Whether you stock goods for sale or supplies to run the operations, implementing constructive inventory management function can improve your bottom line and help you constantly deliver on customer’s expectations.

This Short-term Warehouse Management and Inventory Control Workshop in China has been designed specifically to help you form a clear vision into transactions and positively impact the entire process of ordering, storing, and inventory usage thereby promoting your company’s long-term growth. Upon the successful completion of the programme, you shall be able to significantly improve the inventory management performance of your respected organizations.

Target Audience

The Programme is the Best Suit For:

• Professionals in Supply Chain, Logistics, Inventory, Warehouse, and Stock Management
• Procurement and Operations Managers
• Trade and Manufacturing Specialists
• Material and Purchasing Managers
• Production Control Specialists

Programme Objectives

Upon the successful completion of the programme, its attendees will be able to:

• Understand the Impact of Inventory Control on Supply chain efficiency
• Comprehend the fundamentals of warehousing and stock handling
• Analyze and Utilize Inventory Verification and Valuation Methods
• Employ appropriate techniques to predict demand levels and calculate optimum levels of the inventory to match the demand
• Set Safety Stock level and match it with organizational strategy
• Generate and Analyze alternative inventory management strategies and comprehend the tradeoffs between centralized and decentralized management of stock

Programme Contents

First Day

Section One – Warehouse Management

• Warehouse Organization and Functions
• The location and the capacity of the warehouse
• Sorting, Storing, and Product Classification
• ABC analysis and the 80/20 Rule
• Product Handling Groups, Throughputs, and Product Formats
• Receiving and Storage Options
• Picking/Assembly and Dispatching Options
• Floor and Height Space Usage
• Organizing the Flow

Second Day

• Methods and Equipment
• Loading Bays and Fork Lift Trucks
• Warehouse Layouts
• Operational Timings and Planning
• Warehouse and Information Technologies
• Health and Safety
• Inspections and Risk Assessments-task Analysis
• Equipment Maintenance and Care
• Duty of Care
• Minimizing Theft

Third Day

• Productivity and Costs
• A Model for Understanding the Roles of Productivity, Utilization, and Performance
• Setting Productivity and Cost Targets
• Measurements and KPIs
• Customer Service Measure
• Warehouse Layouts and Productivity
• Different Types of Layout with Advantages and Disadvantages
• Planning for Flow in the Warehouse
• Calculations for Storage, throughput, and Productivity

Fourth Day

Section 2 – Inventory Management and Stock Control

• Inventory and Supply Chain Dynamics
• Inventory and Financial Management
• Applying Statistics in Inventory Control
• End-user demand analysis
• Cost and Benefits Analysis
• Inventory Policy Development
• Inventory Mechanics, Methods and Systems
• Free Stock in Inventory

Fifth Day

• Simple Replenishment Methods
• Replenishment Methods, Reorder Point and Reorder Level (ROP / ROL)
• Requirements Planning Systems, Bills of Material, and Inventory Planning
• Class Assignment Inventory Control Methods
• Stock Checking and Accuracy
• Stock Tolerances and Approvals
• Stock Reconciliations / Discrepancies
• Surplus and Obsolescent Stock
• Different Storage Conditions

Sixth Day

• Stock Coding
• Stock Variety Reductions
• Inventory Policy
• Incoterms and the Supply Chain Rules
• Vendor Managed Inventory (VMI) and Co-Managed Inventory (CMI)
• Inventory Improvements
• Keys to Reducing Stock Levels
• Model for Planning Inventory

Seventh Day – Full Day Exposure and Study Tour

Practical Lessons from the World’s Manufacturing Hub – Visiting Leading Private Sector Company in Shanghai, China

Highlights of Industry Exposure

• Meeting with the Host company’s management team members and sharing the Best practices in warehouse management and inventory control
• Discussing Productivity, Cost Minimization, Utilization, and Performance
• Smarter Processes – IT Solutions for Warehousing and Inventory Control
• Knowledge Share: Zero-Labor Warehouses, Warehousing Automation, and Innovation 

Programme Methodology

The methodology applied throughout the course of the programme will encourage the maximum participation of all attendees. The sessions will be led using an interactive contemporary adult learning approach. The tools deployed will include open presentations, group discussions, video examples, individual assignments, and case studies. On the last day of the workshop, a practical exposure visit will be arranged for the participants allowing them to observe the factual appliance of the theoretical base covered and behold new solutions and innovations implemented by fellow organizations.