COURSE DESCRIPTION 

Warehousing is the storage of goods for profit. The physical location, the warehouse, is a storage facility that receives goods and products for the eventual distribution to consumers or other businesses. A warehouse is also called a distribution center. Warehouse management is the process of coordinating the incoming goods, the subsequent storage and tracking of the goods, and finally, the distribution of the goods to their proper destinations.

Stock management is primarily about specifying the shape and percentage of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials.

The scope of inventory management concerns the fine lines between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for inventory, quality management, replenishment, returns, and defective goods and demand forecasting. Balancing these competing requirements leads to optimal inventory levels, which is an on-going process as the business needs shift and react to the wider environment.

• Those who are new to managing inventory.
• Those non- inventory people who need to gain an awareness of the issues and key drivers of stock control operation.
• Inventory, Stock, Supply Chain, Logistics, Warehouse and distribution Supervisors/ Managers.
• Owners, operators and directors of companies who hold stock and inventory.
• Warehouse management personnel.
• Inventory Staff.
• Accountants who handles suppliers’ accounts.
• Those who are involved with various stock evaluation methods.

• Stock controllers.
• Stock planners.
• Warehouse and distribution supervisors.
• Warehouse management personnel.
• Inventory staff.
• Accountants who deal with stock evaluation.

• Those who are involved in stock forecasting.
• The cost of holding stock.
• Inventory management techniques.
• Physical stock management.

Training Methods

Course materials, PPP, Quizzes, individual & Group Exercises, Videos and Interactive discussions.

Recommended Entry

This course has no pre- requisite requirements but it will be recommended for introductory level.