Studies keep pointing to the same uncomfortable fact: many companies tie up more than seventy percent of their capital in stock sitting on warehouse shelves. That single number is why purchasing and storage cannot be treated as back-office paperwork — they are where a company’s money actually lives. This training course from the Arab British Fellowship Training Academy is built around that reality, for anyone responsible for deciding what gets bought, how it gets stored, and how both decisions get made without wasting capital.

Storage itself is simple to define — keeping goods until they are needed — but hard to do well: the warehouse location, its internal layout, and the speed and accuracy of material flow through it all affect the bottom line, and an unscientific choice at any of these points produces errors that ripple through the whole operation. On the purchasing side, the course also works through how public and commercial procurement contracts are actually put together, the specifications that make or break a tender, and the dispute-resolution routes available when a contract goes wrong.

Who Should Attend

• Managers and owners of facilities looking to organize how their warehouses run.
• Storekeepers and all staff working inside warehouse operations.
• Warehouse and store control and inspection officers.
• Heads and members of purchasing committees.

What You Will Be Able to Do

• Secure a balanced flow of raw and semi-finished materials into and through the warehouse.
• Supply the maintenance and repair items a facility actually needs, on time.
• Select the best materials available in the market and the right warehouse location and internal layout for them.
• Apply methods for rationalising spending across purchasing and storage activities, and build realistic budgets for needs and purchases.
• Recognise the alternative storage methods available when the standard approach does not fit.

Module 1: Why Purchasing and Storage Economics Matter

• Defining the economics of procurement and storage, and why the concept matters to any economic establishment.
• The importance of successful warehouse management and its main goals.

Module 2: Planning Purchases and Budgets

• Methods for rationalising spending across purchasing and storage activities.
• Building the planning budget for needs and purchases.
• The economic order quantity and the problems involved in determining it.

Module 3: From Tender to Supplier

• Tendering skills and deciding between bids.
• Communication and negotiation skills with suppliers.
• Direct purchase and practice-based buying skills.
• Quantity discounts, purchase allowances, and their effect on overall cost.
• Documentary credits, guarantee letters, and the problems of external purchasing.

Module 4: Running the Warehouse Day to Day

• The economics of storage activities, and forming inspection and receiving committees with their tasks.
• Warehouse design and planning, and the alternative methods available for storage.
• The specific problems of storing chemical, liquid, and hazardous materials.

Module 5: Controlling Cost and Stock

• The financial side of pricing incoming materials and costing what leaves the warehouse.
• Inventory counting and the problems that come with it.
• Inventory control and reporting on the economics of materials used.

Course Delivery

• Group training within work teams, or intensive individual training.
• Field and practical training alongside theoretical sessions in dedicated halls.

Certificate

Participants receive a certificate accredited by the Arab British Fellowship Training Academy upon completion.