A warehouse's primary purpose is coordinating the movement, storage, and exchange of inventory. Understanding inventory management will determine the success of your facility to deliver a better level of service for a lower cost than your competitors. This course is designed to help you understand the impact inventory has on warehousing, why managing inventory is important to a facility's success, and to expose you to the different methods to manage inventory in a warehouse.

Course Objectives

• ·   Explain the importance of managing inventory in your facility
• ·   Illustrate the different types of inventory and explore the different strategies for managing inventory
• ·   Provide familiarity with performance measures to manage inventory and cost implications
• ·   Understand the errors that may occur and how to reconcile errors
• ·   Understand the how forecasts, sales and customer service may be impacted by inventory