Course Outline and Topics
Course Overview
The ability to strike a balance between space, inventory costs, lead times and anticipated customer demand is complex. The challenge for inventory managers is in juggling competing priorities to maintain optimal operational productivity.
This online Certificate of Facility and Inventory Management professional development program will provide you with the skills and knowledge required to plan and control inventory levels and manage facility and inventory requirements. You will learn to plan and implement inventory control systems to meet current and forecasted operational and customer demands, and monitor inventory control systems for continuous improvement.
On completion of this course, you will feel confident to meet inventory demands to achieve successful business outcomes for an organisation.
Course Structure
Unit 1 - Manage facility and inventory requirements
- Space requirements
- Medium and long term storage needs
- Storing dangerous goods
- Storage systems
- Block stacking
- Small item storage
- Volume and weight requirements
- Safety and security requirements
- Formal/informal hazard identification
- Hazard assessment
- Manager / supervisor role
- Checklists
- Risk assessment nomogram
- Security program and procedures
- Storage handling security
- Incident /emergency procedures
- Fire prevention systems
- First aid facilities
- Evacuation plan
- Documentation systems
- Recording stock location
- Receival and dispatch
- Customer, carrier communication
- Employee communication
- Design storage zone
- Space requirements
- Equipment operation
- Double deep racking
- Drive in racking
- Maintenance and cleaning areas
- Facility utilisation
- Optimum function
- SWOT analysis
- KPI’s
- Quality circles
- Ergonomic compliance
- Legislation
- Code of practice
- Safe lifting practices
- Product damage and stock losses
- Reporting
- Stock to sales ratio
- Return on investment
- Economic order quantity
Unit 2 - Use inventory systems to organise stock control
- Inventory record systems
- Stock control systems
- Inventory objectives and evaluation
- Card systems
- KANBAN
- Inventory and stock control
- Inventory software
- Data base inventory records
- Warehouse documentation
- Discrepancies or variances
- Stock level maintenance
- Re-ordering stock
- Re-ordering documentation
- Accurate data entry
- Stocktaking (periodic and ongoing)
- Allocation of tasks
- Effective use of staff resources
- Warehouse design aisles/gangways
- Physical stock takes
- Stock takes
- Counting systems
- Stock discrepancies
- Reconcile inventory records
- Receipts/dispatches
- Purchase orders
- Delivery notes and tax invoices
- Consignment notes
- Internal packing notes
- Re-order notifications
- Inventory records reports
- Reasons for producing reports
- Stock level reports
- Stock movement history reports
- Pallet report by product or item
- Work place procedures
Assessment
Written assignments and exercises, including short-answer questions, reports/essays and projects. There are no examinations or due dates for assessment.
