09-11 April 2025- Pretoria
Format-In Person
Course Overview
Modern business requirements offer many new challenges for Materials Managers and Maintenance
Storekeepers. MRO supplies must be available on demand while keeping inventory values to an absolute minimum. These seemingly contradictory goals are achievable through good materials management. This seminar couples the fundamentals with cutting edge methods to help bring credibility back to the storeroom effort.
By attending this highly intensive and informative training programme you will be able to:
• Provide a thorough grounding in the fundamentals of good stores best practice in a jargon free and readily understandable format
• Recognise the opportunities presented by improved management and control of the stores
• Identify key areas for efficiency enhancement e.g. lower stock levels, fewer stockouts, increased stock turn, stores layout
• Be more customer focused and service orientated
• Improve results by managing both themselves and their staff better
• Introduce improvements on a continuous basis
• Have mobility for store-based roles
Course Outline
SESSION 1: MATERIALS MANAGEMENT
- Quality, Quantity, Price, and Time
- The Storeroom Balancing Act
- Reducing Inventory Dollar Value
- Increasing Storeroom Service Level
- Handling Obsolescence
- Eliminating Caches & Hiding Areas
SESSION 2: THE PHYSICAL LAYOUT
- Optimal Storeroom Dimensions
- Dealing with a Small Storage Space
- Determining Storage, Lighting, and Security Requirements
- Shelving, Modular Drawer and other Storage Options
- New Tools for Developing the Floor Plan Solving Special Storage Challenges
- OSHA Requirements for Material Storage
- Identifying Stock Items
- Stock Identification Systems
- Hierarchical Systems vs. Unique Stock
- Numbers
SESSION 3: STOREROOM CONTROLS
- The Perpetual Inventory System
- Streamlining Issues, Receipts, and Returns Optional Annuals and Cycle Counts
- The Question of Security
- Controlling Additions and Deletions
SESSION 4: STOREROOM ECONOMICS
- Storeroom Operating Costs
- The Cost of Purchasing and the Cost of Holding
- Inventory Cycles and Usage Rates
- Determining Reorder Points and Safety Stock Requirements
- Lead-times and Streamlining the Purchasing Cycle
- Establishing Proper Order Quantities
- Shipping Options and Lowering Freight Costs Reducing Inventory Value through
- Consignment and Delivery Contracts
- ABC and XYZ Analysis, Stock Turnover
- Rates, and Other Management Indices
- Checks on Supplier Performance
SESSION 5: STOREROOM PURCHASING
- Rating, Certifying, and Selecting Suppliers Systems Contracts, Integrated Suppliers, and Single Sourcing
- Partnerships and Alliances with Suppliers Keeping Tabs on Supplier Restocking
- Programs
- Purchasing Law and Ethics
SESSION 6: COMPUTERISATION
- Evaluating Computerized Inventory Systems Search Engines and Ad-hoc Reporting
- Bar Coding Systems – Hardware, Software,
- and Formats
- Electronic Commerce – EDI, EFT, Faxes, E-mail, the Internet
- Common Control Reports
SESSION 7: PREPARING FOR THE COUNTS
- Getting your area in shape for the big count: tips for keeping a clean facility
- Decide on how much staff you’ll really need Must-have checklists to keep on hand before you start the count
- When a multiple count approach is best Expert tips for preventing theft
- Training staff (even those that have been there for years)
- Create locator maps that keep on working all year long
- Test counts and blind counts … Are they a good use of staff time?
- Inventory models and applying them to your situation
SESSION 8: CYCLE COUNTS: ARE THEY RIGHT FOR YOU?
- ABC Analysis or the Geographic method:
- classification methods that tell you what to count and how often
- How cycle counts can boost your inventory efficiency
- What should be counted in a cycle count? 4 ways to decide whether your cycle counts should replace the annual inventory
- Ranking your inventory and the 80/20 rule Sure-fire strategies to make cycle counts go quick and easy
SESSION 9: Conduct Your Physical Inventory Efficiently and Error-Free
- Which products need to be counted most often How to track in-transit items or shipments that arrive during the count
- Motivate staff and keep the stress level on low When should you be counting WIP inventory and when to leave it alone
- The 4-Corner method and other counting strategies
- Pallet tagging for bulk merchandising
Store Management Brochure
