Dates for this course

28/05/12 - 01/06/12

24/09/12 - 28/09/12

19/11/12 - 23/11/12

Who should attend:
• Supply chain managers, warehouse managers and Inventory planners
• Project engineers seeking to understand the reasons for minimising the range of new materials and inventory
• Maintenance engineers and product standardisation specialists
• Procurement personnel involved in inventory replenishment

Course objectives:
• To learn how to manage a complex inventory with many different demand patterns
• To show how to calculate the resources required for Inventory and Warehouse Management (IWM)
• To set up the key control parameters required to optimise inventory investment
• To identify how service levels are measured in IWM systems
• To demonstrate the need to build crossfunctional teams to manage IWM improvement
• To demonstrate the risks involved in IWM

Course content:
• The organisational role of stores and inventory management in supporting efficient and effective
  operations
• The scope and purpose of stores management and inventory control
• Identifying patterns of demand and product groups within an inventory
• Analysing data to set inventory control parameters
• Dealing with risk and uncertainty in IWM
• Using computer systems to manage and control inventory levels and warehouse operations
• Measuring supplier service levels in stores and inventory operations
• Basic forecasting processes
• Training & development of IWM personnel
• Developing the confidence to be proactive on solving inventory and warehouse problems by
  crow-functional dialogue