Course Outline

Module 1

 Warehouse/Stores Management

Warehouse Organization

• Introduction to warehouse organization
• Position of Warehouse/stores in the organization
• Organization structure of stores division
• Organization matters for efficient working of stores division
• Delegation of authority

Requisitions and Replenishment of Materials

• Need for requisitioning the material
• Replenishment of stock items
• Preparation of materials requisition report
• Dispatch of requisition to user department
• Review order quantity

Performance Evaluation of Stores Activities

• Criticism of stores division
• Poor inventory control
• Improper store-keeping and Tools Management
• Performance indicators and evaluation
• How is performance evaluation carried out

Module 2

ISO Standards and Warehouse Activities

• Introduction to ISO standards
• The importance of ISO standards
• Registration for ISO certification
• Warehouse activities and quality assurance
• Stores division activities in conformance to ISO 9001

Warehouse Location, Layout, and Facilities Planning

• Number and size of stores
• Location of stores
• Layout planning of warehouse
• Physical facilities planning

Warehouse Security, Safety, and Maintenance

• Security
• Entry to warehouse
• Management of warehouse keys
• Closing of warehouse
• Issue to authorized individuals

Module 3  Inventory Control

Inventory Classification and Strategies

• Advantages of classification of inventory
• Regular inventory item
• In-process inventories
• Finished goods inventory
• Strategic considerations in the control of finished goods inventory
• Market research

Codification and Standardization

• Methods of Codification
• Variety reduction
• Advantages of standardization
• Situations where standardization is not preferred
• Types of standards
• Standardization program

Module 4

Inventory Control Model

• Theoretical inventory control model
• Elements of inventory control model
• Dynamic nature of the inventory control model
• Maintenance requirements
• Reorder point fluctuations

Inventory Control Techniques

• Best order quantity
• Economic Order Quantity (EOQ) defined
• Determining Economic Order Quantity (EOQ)
• Variable costs
• ABC analysis
• Other techniques of analysis

Module 5

Effective Management of Inventory

• Factors influencing the stocking of inventory
• Appropriate maintenance techniques
• Administrative and financial factors
• Steps for management of inventory
• Diagnostic survey
• Reconditioning and overhauling of inventory

Valuation of Inventory

• Importance of valuation of inventory
• Valuation of material issues
• First in First Out (FIFO)
• Last in First Outs
• Highest in First Out (HIFO)
• Next in First Out (NIFO)
• Simple average method
• Weighted average cost method
• Factors considered in selection of method of valuation of inventory

Module 6

Definition of Procurement

• Roles and responsibilities of procurement
• Evolution of procurement: the shift from operational to strategic
• Introduction to strategic procurement management
• 3 Types of procurement strategy

Module 7

Negotiation In Procurement

• Case on negotiation: Orange discussion
• What to negotiate?
• Negotiation techniques: 2 types
• Negotiation Checklist

Module 8

Cost reduction process

• ABC cost reduction analysis
• Principles of Ordering & Carrying Costs
• Direct materials cost reduction: a scientific technique
• Indirect Materials Cost Reduction (MRO items): scientific measurement

Module 9

Suppliers cost reduction responsibilities

• A look into the ways suppliers calculate their cost
• How to spot if suppliers are over-charging you
• Become an all-rounder awareness of procurement cos
• Basics of Purchasing Management
• Strategic Initiatives In Supply Chain Management

Module 10

• Digitization in Supply Chain
• How to convert the Purchasing Management a Value Creator
• Advanced Purchasing Management
• Supplier Selection
• Inventory Management
• Key Performance Indicators
• Cost Management
• Delivery
• Quality
• Working Capital
• Negotiations
• Reverse Auction