Ask a warehouse manager what keeps a factory or trading company running smoothly, and accounting control is usually near the top of the list. Materials only move safely in and out of storage when there are custom records and cards tracking them, periodic reports going up to the department in charge, and regular stocktaking to keep consumption in check — all of it built on rules the warehouse itself has to enforce.

Accounting is arguably the single most valuable skill for anyone hoping to work inside a large factory or an international company, because that kind of organisation moves enormous volumes of raw material and imports or exports goods on an almost daily basis. Running that without error takes people who genuinely understand both accounting and warehouse management — every sizeable company, factory or institution keeps at least one warehouse and a wide network of local and international relationships built around that constant flow of goods.

None of it works without a capable person in charge. A warehouse manager needs a real grip on accounting, data processing and modern methods for comparing stores and procurement — setting clear objectives, making full use of the available space, staying current on inventory techniques, and being able to pull any item out in record time when it's needed.

What You Will Gain

• Hands-on experience inspecting materials before they enter the warehouse, and tracking the movement of received and dispensed stock to determine accurate warehouse balances and their financial value.
• Advanced accounting skills specific to warehouses and stores, plus practical know-how in selecting and controlling procurement.
• The ability to handle real accounting problems that come up inside warehouses, and stronger inventory-control and auditing skills.

Who Should Attend?

• Company and institution managers, and purchasing department supervisors.
• Accountants working in warehouses and stores, and warehouse keepers and their deputies.
• Graduates of economic institutes and colleges looking to build advanced practical skills.

Module 1: Storage and Warehouses — the Basics

• The concept of storage and its importance to companies and institutions, and how warehouses and stores actually operate.
• Types of storage and the differences between them, and recent developments in accounting tools used across the field.

Module 2: Accounting for Procurement Activity

• Types of purchasing under the latest global practices, and the mechanisms and practical problems that come with them.
• Accounting procedures for purchasing fixed assets versus supplies, and the main practical problems facing procurement managers.

Module 3: Budgeting for Warehouses and Procurement

• Preparing estimated planning budgets for warehouses, and how that budget relates to a company's other budgets.
• Determining the economic order quantity and minimum/maximum inventory levels, analysing budget variances, and preparing inventory control reports.

Module 4: Material Flow and Warehouse Control

• How materials move between warehouses, factories and ports, and the economic importance of warehouse management.
• Building a close working link between warehouses and factories to keep stored materials under control, and applying the correct oversight methods inside warehouses.