Inventory and Warehouse Management
- Offered bySBCS
Inventory and Warehouse Management at SBCS Overview
Duration | 18 hours |
Total fee | ₹10,650 |
Mode of learning | Online |
Difficulty level | Intermediate |
Credential | Certificate |
Inventory and Warehouse Management at SBCS Highlights
- Get certification on successful completion after 100% attendance
- Learn to Apply different methods of reordering inventory
- Learn to Use stock classification; stock coding to monitor; control inventory levels and inventory costs
Inventory and Warehouse Management at SBCS Course details
- Inventory Managers
- Inventory Supervisors
- Inventory Clerks
- Buyers
- Warehouse personnel
- MRO stores Personnel
- On completion of this course, learners will be able to:
- Use different methods of stock valuation to manage stocks and costs related to stocks
- Recognize the need for forecasting in determining the right quantity
- Apply different methods of reordering inventory
- Recognize the need for safety stock and its impact on service level
- Use stock classification and stock coding to monitor and control inventory levels and inventory costs
- Recognize the different methods used to plan and control stocks in manufacturing organisations
- Recognize the principles of warehouse or stores location and layout whilst applying proper stock flow, rotation and recording
- Almost all organizations have stocks of one kind or another. Clearly any organization that can achieve the right levels of stock will reduce their costs and thereby increase profits. In order to do this organizations need to forecast how much stock is required and must also carry safety stocks to ensure no stock outs. As some stock are more important than others, the use of stock classification systems assist in determining priorities. Although not all organizations are in the manufacturing sector, almost all buyers will at some point purchase from manufacturers and so understanding inventory management from a manufacturing perspective is important. Once stock is purchased, it must be stored and managed utilizing a number of principles to ensure stocks are received, stored, issued and accounted for throughout the Inventory Life Cycle.
Inventory and Warehouse Management at SBCS Curriculum
Elements and Focus of Modern Inventory Management (Learning Outcome 1)
Inventory Manager as a Money Manager
Inventories place on the Organisation Balance Sheet
Inventory Management Cycle
The Profit Impact of Good Inventory Management
Reasons for having inventory
The Life Cycle of Inventory
Objectives of Inventory Management
The Cost of Carrying Inventory (K- Cost)
Stock Valuation Methods
Stock Control Methods and Methodology (Learning Outcome 2 & 3)
Demand Driven Inventory Management
Independent vs. Dependent Demand
What to buy? When to? And how much to buy?
Identifying Different Forecasting Techniques
Monitoring and Reporting on Key Inventory Indicators
Inventory Management vs. Inventory Control
Stock Replenishment Systems (Learning Outcome 3, 4 & 5)
Reorder Point Systems
Economic Order Quantity
Scheduling Stock Replenishment Systems
Safety Stock and Service Levels
Stock Classification Systems
Inventory Monitoring and Control
Stock coding systems
Inventory Management for Manufacturing Organisations (Learning Outcome 6)
Stocking policy
Material requirements Planning
Manufacturing Resource Planning
Enterprise resource Planning
Just In Time
Lean manufacturing
Storeroom / Warehouse Management (Learning Outcome 7)
Physical Layout of Storeroom / Warehouse
Stock Classifications Systems
Transactions Recording
Physical Stock Taking vs. Cycle Counting
Stores Warehousing Location and Layout
Dealing with Excess and Obsolete Inventory
Inventory Record Accuracy
Dealing with Fraud in your Warehouse
Revision and Presentations
Questions
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