Warehouse Management and Inventory Control Workshop in Shanghai

Program Date

20 May 27 May 2024

Program Location

Shanghai, China

Program Venue

Riverview Hotel

Registration Closing Date

31 Mar 2024

Program 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 program, you shall be able to significantly improve the inventory management performance of your respected organizations.

Target Audience

The Program 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

Program Objectives

Upon the successful completion of the program, 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

Program 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

Program Methodology

The methodology applied throughout the course of the program 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.

Warehouse Management and Inventory Control Workshop in Shanghai

Program Date

Program Location

Program Venue

Registration Closing Date

Program Introduction

Target Audience

Program Objectives

Program Contents

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

Program Methodology

Program Fee GBP5980

Payment Options

Fee Covers

Visa Assistance (complimentary)

Participant Assessment

Airport Pickup

Accommodation

Wi-Fi

Welcome Dinner

Breakfast

Workshop Kit

Program Materials

Program Experts

Practical Activities

Lunch

Refreshments

Interactive workshop

City Map & Direction

Risalat T-shirt (complementary)

Field Visit

Program Certificate

Entertaining Tour

Program Report

Registration Information

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Program Fee
GBP5980