Excellence in Warehouse and Inventory

An Intensive 10-day Training Course

Excellence in Warehouse and Inventory

Best Practices for Managing & Improving Warehouse and Inventory Operations

Excellence in Warehouse and Inventory

Scheduled Dates

Classroom

15 - 26 Jul 2024 Istanbul - Turkey $11,900 RESERVE A SEAT
02 - 13 Sep 2024 Dubai - UAE $11,900 RESERVE A SEAT
04 - 15 Nov 2024 London - UK $11,900 RESERVE A SEAT
19 - 30 May 2025 Dubai - UAE $11,900 RESERVE A SEAT

Are the scheduled dates matching with your needs?

We provide a wider range of training options. Tailored and customized, we can deliver your organisation’s training needs anytime, anywhere.

In-House Solutions ›

Why Choose this Training Course?

Warehouses and Inventory Management are critical for the effective management of procurement and the supply chain to enable the efficient delivery of superior customer service.

Warehouses and Inventory controls are often overlooked and are not thought to be an important activity. Therefore, incorrect levels of inventory can be held with attendant knock on effects to costs, availability and customer service.

The program will destroy this myth of unimportance and demonstrate just how to:

  • Evaluate procedures, change and improve methods wasteful activities and excess costs
  • Discover all of the essential tools for the effective management of warehousing and inventory
  • Achieve best in class performance is exactly what this program is about
  • Use all of the practical skills to take back to the workplace so that all those internal problems that limit performance are avoided
  • Apply the required principles and look at many practical applications in a highly interactive learning environment; delegates will have fun while learning principles and skills to ensure that they are able to change current methods and activities

MODULES

This PetroKnowledge training course is split into two modules:

MODULE I - Warehouse and Stores Management

MODULE II - Inventory & Stock Control Management

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week training course.

What are the Goals?

By the end of this seminar, you will learn to:

  • Learn the principles of Warehouse and Inventory Management
  • Evaluate current procedures
  • Examine operations and activities
  • Analyze the key areas of operations
  • Identify and Understand key performance indicators
  • Succeed in improving operations
  • Improve personal productivity
  • Make needed changes to methods to improve customer service whilst achieving reductions in inventory
  • Eliminate wasteful costs
  • Avoid those internal problems that limit performance
  • Obtain added value for money
  • Understand and implement the essential tools for managing warehouses and inventory in the supply chain

Who is this Training Course for?

  • This program is for all individuals who have a stake in the Supply Chain and all Logistics, Materials, Inventory, Stock, Warehouse and Distribution Professionals
  • It will also help those who need to develop their limited understanding about Warehouse and Inventory management
  • It will be especially helpful to all those who are looking to make business gains and benefits and to any owners, operators and directors of companies with warehouse and stores operations and who hold stock and inventory

How will this Training Course be Presented?

Warehouse and Inventory Management consists of nineteen modules containing lecture content, participative discussions, and many case studies to make the training come alive. The supportive comprehensive course manual will enable practical application and reinforcement and ensure back at work applications.

Organisational Impact

A legacy of increasing product availability and customer service levels is the ever-increasing requirements to:

  • Examine the link of stock in the company operations and activities
  • Analyse the key areas of warehouse operation
  • Identify and understand key performance indicator
  • Succeed in improving operation
  • Organisations are much more healthy and productive when they have effective warehouse and inventory operations that provide superior customer service and product availability

Personal Impact

  • See how to conduct an analysis of stock
  • Gain from making productivity improvements in all operations
  • Understand how to select and maintain warehouse equipment
  • Conduct safe working practices and operations
  • Apply a framework for continual improvement
  • Gain the financial benefits that effective warehouse and inventory management can bring

Daily Agenda

Module 1: Warehouse and Stores Management
Day One: The Role of the Warehouse
  • Why we need a warehouse
  • What functions they cover
  • How do they fit into the supply chain
  • The balance between sorting and storing
  • The location and capacity of warehouses
Product Classification
  • Supply/demand variables
  • ABC Analysis or the 80/20 rule
  • Determining product handling groups
  • Throughputs and product formats
Day Two: Layout Options
  • Receiving options
  • Storage options
  • Picking/assembly options
  • Dispatching options
  • Using the floor and the height space
  • Organising for flow
Methods and Equipment
Equipment required for lifting, storing and moving equipment available for specific layout options, including:
  • Loading bays
  • Selecting fork lift trucks
  • Selecting racking
  • Implications for warehouse layouts
  • Operational timings and planning
  • The use of IT within the warehouse
Day Three: Health and Safety
  • Duty of care
  • Inspections and risk assessments-task analysis
  • Equipment maintenance and care
  • Raising people's awareness.
Security and Loss
  • Minimizing internal theft
  • Minimizing external theft
  • Preventative measures will be briefly discussed
Day Four: Productivity and Costs
  • Fixed and variable costs
  • Typical costs involved
  • A model for understanding the roles of productivity, utilisation, and performance
  • Setting productivity and cost targets
  • The importance of having measurements and key indications of performance
Service Levels
As warehouses are a link in the total process of satisfying customers, this session will also examine:
  • Internal and external customers
  • Customer service measure
  • Customer service sampling
  • Effects of substandard service
  • Minimising errors
 Day Five: Warehouse Layouts and Productivity
  • Different types of layout with advantages and disadvantages
  • Planning for flow in the warehouse
  • Calculations for storage
  • Calculations for throughput and productivity
  • Checklists to help on deciding the best option to take back to the participants’ workplace
Module 2: Inventory & Stock Control Management
Day Twelve: Inventory and the Supply Chain
  • Inventory definitions and importance
  • Inventory flow in the Supply Chain
  • The Basic Rules of successful Supply Chain
  • Supply Chain and Inventory dynamics
  • Financial Management and Inventory
  • Statistics application in Inventory Control
  • Truths on Inventory visibility
Day Thirteen: 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 Three: 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 Four: 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
Evaluating Inventory Performance
  • Inventory Assessment
  • Assessing the stock level
  • Models for implementing inventory control
  • Determining stock targets
  • Establishing Inventory questionnaires
  • Inventory KPI's in warehouses/stores
Day Seventeenteen: Understanding Inventory Strategies
  • Creating Inventory Policy
  • The role Stock Committee
  • Understanding Critical stock
  • Establishing the Use of squirrel stores
  • Collaborative supply chains
  • Incoterms and the supply chain rules
  • Understanding Vendor Managed Inventory (VMI) and Co Managed Inventory (CMI)
  • Developing the need for Consignment stocking
  • Telemetry
  • Information, Communication and Technology in Inventory Control
Inventory Improvements
  • Using the Supply Chain
  • Using the Theory of Constraints
  • Practical inventory improvements
  • Keys to reducing stock levels
  • The 7 Rules for planning inventory
  • Model for planning inventory

Certificate

  • On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

Oxford Management Centre

Our collaboration with Oxford Management Centre aims to provide the best training services and benefits for our valued clients.

The Energy Training Centre

Our collaboration with The Energy Training Centre aims to provide the best training services and benefits for our valued clients.

Other Training Courses You Might Be Interested In

Frequently Asked Questions

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to reg@petroknowledge.com

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

For corporate fees and group registration, please send your query to info@petroknowledge.com.

Follow Us:

Subscribe To Our Newsletter

    PetroKnowledge
    Chat with an assistant

    Mikee
    Hello there
    how can I assist you?
    1:40
    ×