Planning Optimisation for Inventory and Warehouse

In our dynamic and fast-changing environment, the only constant is the ever increasing competition and customer demand. Customers and businesses alike are impatient and expect products to be available immediately. With narrowing margins and profitability, maintaining a lean, agile and responsive supply chain is no longer a competitive advantage but a means for survival. It is indeed crucial for organisations today to achieve effective inventory planning, control and management. There is a need to “trim the fats” off excess inventories and maintain a minimal yet sustainable inventory investments without risking stock outs or production shut downs.

However, meeting this objective is often fraught with challenging practical issues. How can you measure and continuously improve the accuracy of your consensus demand planning? How do you formulate an effective replenishment strategy for thousands of items both sporadic and recurring? How do you effectively deal with supplier price breaks and promotions? How can you improve stock accuracy in the warehouse to reduce unplanned stock-outs while filling orders in the most cost-effective manner?

Salvo Global’s 3-day comprehensive Masterclass on “Planning & Optimisation for Inventory & Warehouse” will allow delegates to achieve accurate planning, greater inventory control and supply chain visibility as well as maximised profitability and service level. Delegates will walk away not only with critical tools developed by our expert trainer but also a detailed and customised action plan for immediate implementation for their organisation!

Top Learning Objectives

  • Achieve lean and sustainable inventory investment strategies through elimination of dead, excess and slow moving inventories
  • Explore patterns of usage and critical factors for accurate forecast of demand
  • Develop and implement a sound demand planning program and effective replenishment strategies
  • Achieve total inventory control and always have the right item and amount at the right location to maximise customer service, productivity and profitability
  • Organise warehouse effectively to minimise lead time, cost of filling and stock shrinkage
  • Increase employee’s awareness on true full cost of inventory and bad practices to motivate them in protecting inventory investment
  • Set effective benchmark and KPIs to better manage employees and 3PLs performance

Who Should Attend?

This course is targeted at Directors, General Managers, Heads, Superintendents, Supervisors, Senior Controllers,  and leaders of business units such as:

  • Inventory Planning/ Management/ Control
  • Demand Planning
  • Supply Chain Management
  • Logistics & Distribution
  • Warehousing
  • Materials Planning/ Management
  • Maintenance, Repair & Operations
  • Spare Parts Management
  • Procurement/ Sourcing
  • Stock Control
  • Sales & Marketing
  • Finance & Accounting

Event Details

28th – 30th October
Colombo, Sri Lanka