Inventory Control and Warehouse Management

Course overview

Too much stock ties up cash and goes to waste; too little stops operations and services. Hospitals running out of medicines, counties with expired stores and companies with cluttered warehouses all show the cost of weak inventory control. This inventory and warehouse management course gives stores and supply chain staff the skills to keep the right stock, in the right place, at the right cost.

The first week focuses on inventory control: the role of inventory, classification methods such as ABC and VED analysis, demand forecasting, reorder levels and safety stock, economic order quantities, stock valuation methods and stock-taking. The second week covers warehouse management: layout and space planning, receiving and dispatch, storage and handling, warehouse management systems and barcoding, health, safety and security, managing obsolete and expired stock, disposal, and performance measurement. Practical exercises use stock data from public and private organisations.

Participants leave able to control inventory accurately and run safe, efficient warehouses and stores.

What you will be able to do

• Classify inventory and set control priorities
• Forecast demand and set reorder levels and safety stock
• Apply economic order quantity and replenishment methods
• Value stock and conduct accurate stock-takes
• Plan warehouse layout and operations
• Use warehouse management systems and barcoding
• Manage safety, security, obsolescence and disposal
• Measure inventory and warehouse performance

Who should attend

For stores, warehouse, inventory and supply chain staff in public and private organisations.

• Stores officers and clerks
• Warehouse managers and supervisors
• Inventory controllers
• Supply chain officers
• Pharmacy and medical stores staff
• Logistics officers
• Internal auditors of stores

Course outline

Week 1

Week 2

Fees are per participant in US dollars and cover tuition, course materials and your certificate. Travel and accommodation are not included.