Sometimes, stockouts occur, leading to missed sales and lost customers. And in trying to prevent this, many organizations settle for the opposite – overstocking.
Unfortunately, overstocking brings its own costs and challenges. It ties up money that could have been put to better use, and results to additional storage or warehousing costs.
Managing inventory can be a tough balancing act between having too little or too much. But it's an art that organizations must learn in order to prevent the losses associated with poor inventory management.
Thus, this course is designed to help employees master how to control, validate, and manage their organization's inventory effectively.
Participants will learn all aspects of inventory management, including common terms, the inventory cycle, how to maintain inventory accuracy, and what some of the latest trends are.
They will be equipped with the skills that will enable them develop an effective program of controls over their products or the parts and materials that are used in producing or distributing goods and services of their organization.
Course Objectives
Course Content Details:
Session 1: Course Overview
Session 2: What is Inventory?
Session 3: Types of Inventory
Session 4: Key Players
Session 5: Setting Up the Warehouse
Session 6: What Makes a Good System?
Session 7: The Warehouse Inventory Cycle
Session 8: Identifying Demand
Session 9: The Receiving Process
Session 10: Validating Inventory
Session 11: The Put-Away Process
Session 12: Maintaining Inventory Accuracy
Session 13: The Outbound Process
Session 14: Industry Trends
Session 15: A Personal Action Plan
Post-Course Assessment
Diamond Bank: Account No: 0047876850
Sometimes, stockouts occur, leading to missed sales and lost customers. And in trying to prevent this, many organizations settle for the opposite – overstocking.
Unfortunately, overstocking brings its own costs and challenges. It ties up money that could have been put to better use, and results to additional storage or warehousing costs.
Managing inventory can be a tough balancing act between having too little or too much. But it's an art that organizations must learn in order to prevent the losses associated with poor inventory management.
Thus, this course is designed to help employees master how to control, validate, and manage their organization's inventory effectively.
Participants will learn all aspects of inventory management, including common terms, the inventory cycle, how to maintain inventory accuracy, and what some of the latest trends are.
They will be equipped with the skills that will enable them develop an effective program of controls over their products or the parts and materials that are used in producing or distributing goods and services of their organization.
Course Objectives
Course Content Details:
Session 1: Course Overview
Session 2: What is Inventory?
Session 3: Types of Inventory
Session 4: Key Players
Session 5: Setting Up the Warehouse
Session 6: What Makes a Good System?
Session 7: The Warehouse Inventory Cycle
Session 8: Identifying Demand
Session 9: The Receiving Process
Session 10: Validating Inventory
Session 11: The Put-Away Process
Session 12: Maintaining Inventory Accuracy
Session 13: The Outbound Process
Session 14: Industry Trends
Session 15: A Personal Action Plan
Post-Course Assessment
Diamond Bank: Account No: 0047876850