Outsourcing Warehouse Operations

Combining effective inventory management with excellent customer service –both internal and external Global best practice –including category management methodology

Information requirements & classification for Inventory

Effectively classifying inventory –strategic v tactical, rotation speed Aligning inventory classifications with organizational and stakeholder needs Ensuring accurate records of inventory The Inventory management roadmap –full end to end process map Establishing effective audit trails and processes

Inventory positioning and determining / forecasting and peak demand planning :

Effectively forecasting demand –utilizing supply chain data mining and category management approaches Peak demand planning –seasonalisation, moving average, exponential smoothing Influencing and controlling demand to maximize operational and financial resource efficiency Establishing process controls –including: min max, minimum order quantity, safety/buffer stock control Effective value judgment –cost benefit analysis of volume discount v internal cost/operational impact

Inventory cost reduction techniques/ rationalization :

Establishing strategic inventory cost reduction –step targeting + continuous improvement Implementing leading edge strategies –MRP, JIT, Kaizen, and Kanban Obsolete and surplus stock management –establishing data driven business cases Establishing key cost reduction enablers within the supply chain –pack sizing, identification criteria, process cost reduction Effectively managing inventory risk

Performance management :

Establishing key performance metrics –Operational, Financial, Compliance, and Environmental Effective KPI reporting Engaging staff colleagues in progress reporting –including cascading, visuals, team motivation The effective inventory specialist. Delegate action planning –participants will create specific departmental and individual action plans to implement the learning outcomes from the course.

Inventory management, forecasting, & stock control techniques :

With a proven management system, you can transform your inventory into a proactive force that lowers your inventory investment, reduces carrying costs, boosts confidence in physical supply and distribution service levels, and increases overall customer and user satisfaction. Concerned with inventory management, stock control, and costs? Within just a few weeks after attending this training, you should be able to identify ways you can maximize your inventory by using the concepts, techniques, practices, and principles you will learn in this insightful program…

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