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Contracts ManagementAdvanced Warehouse Management and Inventory Control


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  • United Arab EmiratesDubai
  • 05 - 09 Jun 2023
  • 20 CPD hours
  • $4,900.00
  • Overview
  • Course Outline
  • Scheduled Dates

Course 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.

Objective:

Through an analysis of these two critical links in the supply chain, the course provides participants with an advanced understanding of:

 

  •   The warehouse and its place in the supply chain
  •   The operations associated with warehouses
  •   Inventory management within the supply chain
  •   The people aspect of warehouse management & resource planning

 

The course will thus better equip candidates to balance the core interrelated issues of customer satisfaction, inventory levels and costs.

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Course Outline

 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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Schedule & Fees

2+1Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

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Advanced Warehouse Management and Inventory Control

  • United Arab EmiratesDubai
  • 05 - 09 Jun 2023
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Advanced Warehouse Management and Inventory Control

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  • United Arab EmiratesDubai
  • 05 - 09 Jun 2023
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