Inventory Management Training

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Australia Wide: Available in Brisbane, Adelaide and Melbourne as well as Sydney, Canberra, Parramatta and Geelong.

The Nuts & Bolts
Employees are required to use Inventory in many roles. This Inventory management training is ideal for anyone who needs help in managing inventory within their company. The session covers a variety of topics including organisational skills understanding systems and managing them. This session can be tailored to suit different groups: Parramatta and Canberra, Perth, Melbourne Gold Coast, Adelaide Gold Coast, Brisbane, Sydney, Darwin, and Sydney.

Do you deal with inventory? Do you want your employees to be more efficient in managing inventory? This session will give you a comprehensive overview of inventory management and show you how to make your employees more efficient.

Effective inventory Management can be a difficult task. This is why management tends to leave it until the last minute. This training is intended to simplify inventory management and equip participants with the skills and techniques necessary to execute inventory management in order to manage inventory levels.

Inventory Management Training Outline

Course Overview

The first part of the day will be spent getting to know the participants and discussing the workshop. Students will have the opportunity to identify their learning goals.

What is Inventory?

To begin, participants will explore what inventory is and what key concepts (including LIFO, FIFO, backorders, and lead time) mean. Participants will also look at the goals and objectives of inventory management and analyze where their system can improve.

Types of Inventory

This session will explore anticipation, fluctuation, lot size, and transportation inventories.

Key Players

Next, participants will discuss what roles customers, top management, and employees play in the inventory management system.

Setting up the Warehouse

This session will discuss the objectives of a warehouse and ways to maintain location accuracy.

What Makes a Good Inventory Management System?

Next, participants will discuss types of inventory management systems and criteria for a good system.

The Warehouse Inventory Cycle

This session will introduce the warehouse inventory cycle of demand, receiving, validation, and put-away.

Identifying Demand

In this session, participants will learn how to determine order quantities, re-order points, and safety stock through discussion and a case study.

The Receiving Process

Next, participants will learn what should happen when materials are received into inventory.

Validating Inventory

This session will explore ways to validate the quality of merchandise.

The Put-Away Process

Participants will discuss the five goals of the put-away process.

Maintaining Inventory Accuracy

Next, participants will learn ways to keep their inventory organized and controlled.

The Outbound Process

This session will look at the phases of the outbound process: picking, packing, loading, and shipping.

Industry Trends

To conclude the workshop, we will explore some of the latest inventory management trends, including online systems and just-in-time principles.

Workshop Wrap-Up

At the end of the course, students will have an opportunity to ask questions and fill out an action plan.