Inventory that sits too long, gets miscounted, or simply occupies the wrong space quietly drains company capital - often without anyone noticing until the financial fluctuations hit hardest. This course focuses on the systems and methods organisations use to keep detailed records of raw materials, unfinished goods and finished products, aligning stock levels with production plans and forecasted customer needs so that ordering stays effective and capital tied up in storage stays as low as possible.

Participants build hands-on experience receiving and safely storing materials and products, ensuring goods are available in the right quantity, place and time, and reducing the financial risk that comes with excess inventory - especially during periods of financial volatility and rapid technological change. The course also covers choosing suitable warehouse locations, minimising storage costs, handling dead and unused stock, and managing shipping, supply, transport and receiving procedures.

Who Should Attend?

• Managers of institutions and companies, and professionals working in procurement and logistics services.
• Warehouse and store managers and custodians, and businessmen developing their skills in warehouse management and inventory control.
• Workers in procurement committees within institutions.
• Business school students and graduates from various universities.

Course Benefits

By the end of the course, participants will be able to:

• Gain hands-on experience receiving materials and products that require precise, safe storage.
• Ensure goods are available in the required quantities, at the right place and time, while reducing the financial risks arising from excess inventory during financial fluctuations and rapid technological change.
• Select suitable warehouse locations that protect stored materials and reduce storage costs as much as possible.
• Handle dead and unused stock and know the methods for disposing of or reducing it.
• Understand shipping, supply, transport and receiving procedures and why each of them matters.

Module 1: The Real Cost of Poor Inventory Control

• The concept of storage, its historical development, and the importance of good storage in institutions and companies.
• The risks of excess inventory on efficiency within companies.
• The reasons institutions need inventory, and the definition and importance of safety stock.

Module 2: Tracking Goods from Supplier to Consumer

• The journey of goods, products and information from the supplier to the consumer.
• Receiving procedures and their importance.
• Shipping, supply and transport procedures and their importance.

Module 3: Counting, Auditing and Senior Management's Role

• The problems of annual stocktaking and the effectiveness of continuous inventory counting.
• The role of senior management in inventory oversight.
• Security and safety systems in warehouses and their effect on the continuity of production.

Module 4: Maintenance, Dead Stock and Cost Reduction

• When maintenance and protection of stored materials should begin, and its effect on total cost.
• Dead and unused stock, and methods of disposing of or reducing it.
• Methods of cutting costs by raising the efficiency of warehouse management.

Module 5: Organising Warehouse Operations for Long-Term Performance

• The administrative organisation of the warehousing apparatus.
• The internal organisation of warehouse management.
• Examples of successful global experiences in warehouse management.