Inventory Management: The Nuts and Bolts
2 Days
HRD Corp Claimable
Course Overview
A crucial aspect for any business's longevity is the implementation of an effective control program for managing the parts and materials involved in the production and distribution of goods and services. Control, in this context, varies in meaning among individuals. This course is designed for warehouse or stockroom managers, focusing on optimizing the inflow and outflow of company products. The goal is to ensure a seamless and cost-effective operation, maintaining sufficient inventory to meet demands without unnecessary stockpiling. The course covers various facets of inventory management, addressing common terms, the inventory cycle, methods for maintaining accuracy, and insights into recent trends.
Course Modules
- Course Overview
- What is Inventory?
- Types of Inventory
- Key Players
- Setting up the Warehouse
- What Makes a Good Inventory Management System?
- The Warehouse Inventory Cycle
- Identifying Demand
- The Receiving Process
- Validating Inventory
- The Put-Away Process
- Maintaining Inventory Accuracy
- The Outbound Process
- Industry Trends
- Personal Action Plan
- Recommended Reading List
- Post-Course Assessment
Learning Objectives
- Understand terms that are frequently used in warehouse management
- Identify the goals and objectives of inventory management and measure your process against these goals
- Calculate safety stock, reorder points, and order quantities
- Evaluate inventory management systems
- Identify the parts of the inventory cycle
- Better maintain inventory accuracy
Course Methodology
 |
Interactive Online Learning (using Quizzes, White Board, etc.) |
 |
Role-Plays |
 |
Storytelling |
 |
Mini-Lectures |
 |
Practical Works |
 |
Video Based Learning |
 |
Group Activities, Discussion & Presentation |
 |
Mini Projects |
 |
Problem-Based Learning (PBL) |
 |
Demo |
 |
Recap Sessions |
 |
Ice Breaking / Games |
 |
Pre-Assessment & Post-Assessment |
The exercises and activities incorporate “FUN” elements are thoughtfully selected to best suit the general corporate culture. Our expert trainer will ensure the exercises used are highly applicable to your industry in order to enable participants to apply the knowledge, skills and behaviour which they have obtained through this learning session.
Who Should Attend
This course is designed for New Hires, Executives, Managers, Leaders and identified individuals in the organisation, integral to the business objectives and targets.
Course Duration
Two (2) Days
Important Note: Course Outline and Duration can be customised according to client's requirements
Things you would like to highlight or CTA
Join now to master the essentials of inventory management and ensure your business thrives. Discover keys to smooth operations, meet demand effectively, and avoid unnecessary stockpiling. This course will empower you as a warehouse or stockroom manager, providing insights into common terms, the inventory cycle, and accuracy maintenance. Stay updated on the latest trends and optimize the inflow and outflow of products for a cost-effective and efficient operation.
