Advanced Inventory and Warehouse Management

It’s tough to be in business today.  Most organizations face more competition than ever before.  They have fewer profit dollars to invest in people, facilities, equipment and inventory.  At the same time, customers are more demanding.  They require better product availability, want lower prices and often request additional value-added services.

It is imperative for organizations to maximize the productivity and profitability in their investment in stock inventory.  In addition, they must learn how to best cooperate and coordinate with other members of their supply chain to ensure that customers’ expectations are met (or hopefully exceeded) while maximizing all of the partners’ net profits.

Salvo Global’s comprehensive Master class on Advanced Inventory and Warehouse management is designed for you to assess your current inventory planning and warehousing operations, identify opportunities for improvement, and develop an action plan to implement a complete set of best practices. During the workshop, we will demonstrate “best practice” techniques using spreadsheet tools that you will receive to use after the session with your own data.  You will also create a policies and procedures guide that will allow your organization to not only achieve your immediate goals but ensure that you continue to maximize the productivity and efficiency of inventory-related operations.

For this master class, we will utilize the database from actual EIM clients, as well as forecasting and analysis spreadsheets developed by EIM to conduct “what-if” scenarios to illustrate the concepts and principles presented. As a bonus, delegates will receive a set of the spreadsheets used in the seminar along with detailed instructions so they can perform this analysis on their own inventory data. Best of all, as we proceed through the session, you will be able to develop step-by-step instructions necessary to develop and maintain an effective inventory program for your company.

Top Learning Objectives

  • Achieve total inventory control and always have the right item and amount at the right location to maximise productivity, customer service and profitability
  • Explore patterns of usage and critical factors for accurate forecast and demand
  • Determine what effective warehouse procedures and technology will be cost-effective for your organization
  • Develop and set effective benchmarks and KPIs to manage employees and 3PLs’ performance
  • Master and implement a sound demand planning program and effective replenishment strategies
  • Attain lean and sustainable inventory investment strategies through elimination of dead, excess and slow-moving inventories
  • Organize warehouse effectively to minimise lead time, cost of filing and stock shrinkage
  • Increase awareness within employees on the true, full cost of inventory and effects of bad practices to motivate them in protecting inventory investments
  • Understand and implement essential tools for managing warehouses and inventories in the supply chain

Who Should Attend?

This master class is targeted at Directors, General Managers, Heads, Superintendents, Supervisors, Senior Controllers, Managers and Team 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

Online Workshop