Integrated Inventory and Warehouse Management
- Offered byGlomacs
Integrated Inventory and Warehouse Management at Glomacs Overview
Duration | 5 days |
Total fee | ₹4.87 Lakh |
Mode of learning | Online |
Credential | Certificate |
Integrated Inventory and Warehouse Management at Glomacs Highlights
- Earn a certificate of completion from GLOMACS
Integrated Inventory and Warehouse Management at Glomacs Course details
- For those New to Managing Warehouses or Stores
- For Those Non-warehouse people who need to gain an awareness of the issues and key drivers of stock control operations
- For Stock Professionals
- For Warehouse Operatives and Supervisors
- For Distribution Professionals
- Improve management of inventories reaching from receiving products to storage and delivering
- See that movement to the end-user adds value
- Professionally manage the inventory and supply chain and help you to reduce cost, improve customer satisfaction and increase safety and productivity.
- Understand the appropriate Inventory methods to be applied
- Establish more accurate forecast demands and maximize the degree of service by reducing your inventory with a time-conscious and integrated inventory management process
- Inventory Management is critical in operations as inventory is a current asset to a firm
- This GLOMACS training course on Integrated Inventory Management focuses on the techniques when companies are looking to reduce costs as at times, they ignore the inventory sitting in their warehouses and the cost of carrying that inventory
- It is important for businesses to carefully examine all the costs of carrying inventory and determine where they can make changes to reduce that cost and help with the company’s bottom line
Integrated Inventory and Warehouse Management at Glomacs Curriculum
DAY 1 Inventory and the Supply Chain
Inventory Flow in the Supply Chain
Inventory Definitions and Importance
The Basic Rules of Successful Supply Chain
Supply Chain and Inventory Dynamics
Financial Management, Cash Flow, and Inventory
Statistics Application in Inventory Control
Truths on Inventory Visibility
DAY 2 Key Components to Understanding Effective Inventory Control
End-User Demand Analysis
Forecasting for Operations and Maintenance
Understanding Supply Lead Time
Cost & Benefits Analysis
Developing Inventory Policies
The Need for Inventory in Organizations
DAY 3 Inventory Mechanics, Methods and Systems
Basic Mechanics of Inventory Systems
Establishing Order Quantity
Implications of Free Stock in Inventory
Simple Replenishment Methods, for example, Min / Max
Replenishment Methods, Reorder Point and Reorder Level (ROP / ROL)
Requirements Planning Systems, Bills of Material, and Inventory Planning
Class Assignment Inventory Control Methods
DAY 4 Establishing Stock Control
Establishing Stock Checking
Developing Stock Accuracy
Stock Tolerances and Approvals
Stock Reconciliations / Discrepancies
Identifying Surplus and Obsolescent Stock
Identifying Different Storage Conditions
Understanding Stock Coding
Stock Variety Reductions
DAY 5 Implementing the Tactical Procurement Decisions
Supplier involvement
Value analysis
Quality Assurance
Supplier selection
Supplier rating and ranking
Contract management
IT systems and e-Procurement
Policies and procedures
Staffing the Procurement Department
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