Warehousing & Effective Inventory Management

Many Companies forget to pay attention to their huge assets – Warehouse & Inventory. In fact, 3 of 6 key logistics control areas to support marketing & sales force in the market place are around there. And not only that, together with flows of goods and materials, the Art-of-Managing Orders and Inventory will be the golden key for the Firm to optimize its cash flow. If you are in warehousing/logistics services, improvement of warehouse competency may bring you double net profit…

Professional training course is provided by Singapore Institute of Materials Management – SIMM for working staff in the position of purchasing, inventory control, distribution supervisor or manager of most MNC or local companies and organizations in the field of manufacturing, distribution – retail as well as Logistics services.

Many professional experiences of experts and principles of 50 years world trade development come up with modern skills will be sharing by this training.

DON’T MISS YOUR CHANCE TO TOP-UP KNOWLEDGE & BE SUCCESSFUL!

This course is designed especially for working learners. Following are details:

COURSE OUTLINE

A. Learning Objectives

After reading this course, you should be able to do the following:

-     To show why warehousesing is important in the logistics system.

-     To identify the types to warehousing facilities that exist.

-     To examine the primary functions of warehousing

-     To compare and contact public versus private warehousing

-     To examine issues relating to warehouse facility development

-     To describe international warehousing issues

-     To provide an overview of the inportance of productivity and accounting/control issues in warehouse management.

-     Understand the fundamental differences among approaches to managing inventory.

-     Appreciate the rationale and logic behind the economic order quanlity approach to inventory decision making, and be able to solve some problem of a relatively straightforward nature.

-     Understand alternative approaches to managing inventory-JIT, MRP, DRP

-     Realize how variability in demand and order cycle length affects inventory decision making

-     Know how inventory will vary as the number of stocking points decreases of increases.

-     Recognize the contemporary interest in and relevance of time-based approaches to inventory management.

-     Make needed adjustments to the basic EQQ approach to respond to several special types to applications.

B. Warehousing Management

-        Warehouse Definition 

-        Nature and Tmportance of Warehouse

-        Warehouse versus Distribution Center

-        Customer Service Requirements

-        Cost Trade – Off 

-        The Role of Warehousing  

-        Functions of Warehousing

-        Activities of Warehousing

-        Warehouse Layout and Design

-        Warehouse Productivity Metrics

-        Material Handling Objectives

-        Principles of Material Handling

-        Material Handling Productivity Ratios

C. Effective Inventory Management

-        Inventory Costs – Why are so important?

-        Inventory Management

-        10 Results of Good Inventory Control

-        Batching Economies/ Cycle Stocks

-        Time, In-Transit and Work-In-Process Stocks

-        Seasonal Stocks

-        Anticipatory Stocks

-        The Important of Inventory in other Function Areas

-        Inventory Caring Cost

-        Cost Trade-Off for Economic Order Quantity

-        Classifying Inventory, ABC Analysis

-        Inventory Visibility

-        Fundamental Approaches to Managing Inventory

-        Key Differences among Approaches.

D. Warehouse’s Competency Improvement Strategies

                Workshop on 4 possible Strategies to save space of your warehouse.

Instructor: Instructors from SIMM - Singapore, have more than 20 years of experience:

                    Mr.Jasni Hambali – ex General Manager, BMW Asia – Pacific,

                    Master Degree of Logistics & Supply Chain Management,

                    Dy. Director, Academic & International - SIMM, Singapore.

 

Language: English. Vietnamese tutor is offered to support in lecture and revision.

Course fee:  450USD/module + 25UDS registration fee:  475USD


Certificate:  “PROFESSIONAL CERTIFICATE in WAREHOUSE MANAGEMENT”

                    This Certificate is recornized by Curtin University / Australia & International Education Organizations.

Thanks & Best regards,

Nguyet Huynh
Manager

Logistics Knowledge Co., Ltd
Authorized Student Recruitment for SIMM in Viet Nam
Add: 02 Nguyen The Loc Str, Ward 12, Dist Tan Binh, HCMC
Tel : (+84) 8 73045 999       (+84) 8 62970 116

Fax: (+84) 8 70345 888
HP : (+84) 908 995 562       (+84) 122 779 1529
Email:  nguyet.huynh@logistishub.vn

Website: www.simm.org.sg   - www.logisticshub.vn