Introduction

In any business or organization, all functions are interlinked and connected to each other and are often overlapping. Some key aspects like supply chain management, warehousing and inventory form the backbone of the business delivery function making these functions extremely important to marketing as well as finance.

The warehouse is a key component of the supply chain in emergencies. It buffers uncertainties and breakdowns that may occur in the supply chain. When properly managed and appropriately stocked a warehouse provides a consistent supply of material when it is needed.

Inventory management is a very important function that determines the health of the supply chain as well as the impacts the financial health of the balance sheet. Inventory management is always dynamic requiring constant and careful evaluation of external and internal factors and control through planning and review.

Why this Course?

This program is designed to provide you with a detailed look at warehousing and inventory logistics, both in terms of today’s supply chain and in the demand flow management process, so you can know how to make the most of this powerful tool to enhance your organisation’s profitability. You will have the opportunity to explore a variety of warehousing and inventory management areas, extrapolate their logistics meanings, and apply the techniques needed to make it all work for your organization.

This program is targeted to give candidates the necessary competences to successfully manage warehousing and inventory and will cover the following topics:

• Definition of warehousing and inventory and their place within other functions of a business
• Identification of inventory management policies and objectives
• Overview of the contemporary procedures for warehousing and inventory
• identification of types of inventories
• learning and practicing the most widely spread and effective techniques for warehousing and inventory Management

Objectives
By the end of this course, participants will be able to:

• Develop a business perspective of inventory management and control
• Enhance his/her professional portfolio of technical skills by mastering the major concepts, terms, definitions, tools and techniques that make up an inventory system.
• Understand how inventory management is applied in various environments