Managing Inventory
Get the key to good inventory management
Does operating your warehouse open a lot of problems?
Once you attend this seminar, operating your warehouse literally and figuratively from the comforts of your office desk will open not problems, but a world of solutions and opportunities. With our proven warehouse and inventory operations, you''ll have the right keys to good inventory management, guaranteed!
Inventories, especially in manufacturing companies, form a significant part of a company''s assets. Too much and it becomes too costly to keep and maintain. Too little, and this could result in stock-outs or worse, missed sales opportunities. Hence, inventory management is very important to a company.
The seminar will first touch on the basics: reasons for keeping stocks, keys to good inventory management, inventory costs and importance of inventory. The next section will focus on warehouse and inventory operations - designing record keeping systems, methods of inventory valuation, warehouse receipt/Issue, re-ordering system, EOQ, etc. will be discussed.
The next section will discuss managing and forecasting inventory. Included are topics in the discussion are: Forrester effect, weighted forecasting and trending, balancing the line, requirements planning, distribution planning among other factors.
Inventory planning will also be covered by defining service levels, insurance and security issues, safety stock, ABC analysis, stock Coding systems, impact & supply risk, controlling inventory, inventory management plan, balanced scorecard and planning for disaster recovery.
The last portion will cover warehouse planning and systems including warehouse design, layout, record-keeping, equipment, order picking concepts and bar-coding.
If you need a complete seminar on inventory management, this is one of the better courses offered in the market today.