Advanced Warehouse Management and Inventory Control
Classroom based course with study materials, lecturer support and CPD Hours included
London Training For Excellence
Summary
Price
£3,960 inc VAT
Study method
Online
Duration
5 days · Self-paced
Qualification
No formal qualification
Additional info
- Tutor is available to students
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Overview
This program has a clear focus on warehousing operations. It is sector neutral and suggests solutions based on product behaviours like pick frequency, weight, etc. The program will lend itself to major Warehouse Management Systems and will allow the participants to derive maximum advantage from such software tools. The program has been designed for the new age decision makers. The warehouse operations are presented by viewing the warehouse as an entity in the supply chain rather than an end in itself. In addition, this will familiarize the participants with the demand forecasting and inventory management techniques and strategies. They would also come to appreciate the pros and cons of the newly emerging approaches, and what it takes to implement them. The course would also enable the participants to appreciate the important role the demand forecasting and inventory management functions play in effective supply-chain management of their companies.
Description
Day 1
- From warehouse to a distribution centre
- Location, storage and mixing
- Creating the basis for classification
- Understanding the differences in warehousing activities based on location
- Demand Forecasting: Importance of forecasting; qualitative techniques of forecasting.
- Forecasting models: Moving average, weighted moving average, exponential smoothing.
Day 2
- Creating processes for the line processes receive, put and pick
- Making variations in the line process (pallet pick, case pick, etc.)
- Accurate data management and Inventory counts
- Customer order profiling
- Item activity and inventory profiling
- Calendar clock profiles
Day 3
- Selecting the right warehousing physical structure
- Issues on warehouse flooring
- Choosing the right racking systems
- Determining the space requirements
- Advanced forecasting models: Exponentially weighted moving average; isolating trend and seasonal components.
- Measures of forecasting accuracy and error. Case study on forecasting.
- Inventory Management: Types of inventory, inventory costs, and performance measures.
Day 4
- Choosing the right performance measures
- Performance gap analysis
- Economic Order Quantity (or Interval) model: Basic model, all-units quantity discount model, etc.
- Just-in-time procurement: Definition and comparison with the EOQ model.
- Types of handling equipment
- Effective maintenance of equipment
- Calculations of for selecting the right equipment
Day 5
- Do’s and Don’ts of warehouse automation
- Justification, selection and implementation of WMS
- Automation tools and technologies
- Material Requirement Planning: Using MRP to determine order schedules for suppliers.
- Vendor-managed inventory: Realities and myths surrounding VMI practice.
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Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
FAQs
Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.
CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.
A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.
An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
