Space Optimisation and Inventory Management

1. Commanding cost management excellence by analysing your inventory cost and all control requirements 2. Developing alternative space optimisation options to maximise capacity and accessibility 3. Employing strong inventory management techniques to maintain high standards in inventory 4. Exploring inventory management software solutions to increase productivity and efficiency 5. Converting existing space into usable location for an efficient warehouse to support business requirements

Achieving Smart Space Optimisation and Inventory Control 1. Introduction to Space Optimization and Inventory Control 2. Importance and benefits of efficient space utilization 3. 5 S’s to remove defects, errors, mistakes and corrections and waste 4. Why taking the Gemba walk makes sense 5. Overview of inventory control techniques 6. Evaluating inventory management practices 7. Inventory Classification and Prioritization 8. ABC analysis for inventory categorization 9. Determining Inventory Value and Demand 10. Team Breakout Exercise Activity 11. Smart Space Optimisation Strategies 12. Layout Planning and Design Principles 13. Techniques for maximizing space utilization 14. Utilizing vertical space and racking systems Taking the ‘I’ from Inventory and Making it Work 1. Warehouse Distribution Strategies 2. Inventory Control Methods 3. Just in Time (JIT) Inventory Management 4. Safety Stock and Reorder Point Determination 5. Team Breakout JIT Exercise Activity Format of the Risk Appetite Statement 1. Implementing Real Time Tracking 2. Setting Achievable Inventory Thresholds and Reorder Points 3. Regular Conducting of Cycle Count to Implement Regular Cycle Counting Practices to Verify Inventory Accuracy 4. Monitor and Manage Product Expiration or Obsolescence 5. Continuous Improvement and Data A analysis 6. Team Discussion and Strategy Brainstorming Warehouse Management Systems Using Software and Technology 1. Introduction to WMS software 2. Features and benefits of WMS in space and inventory control 3. Space Optimization Tools and Technologies 4. Warehouse automation and robotics 5. RFID and barcode systems for inventory tracking 6. Team Breakout Warehouse Design Exercise Activity World Class Examples of Space Optimisation and Inventory Control 1. Lessons Learned and takeaways from Such Modern Systems 2. Implementing Space Optimization and Inventory Control 3. Developing an implementation plan 4. Overcoming challenges and potential roadblocks 5. Monitoring and Continuous Improvement 6. Team Space Optimisation Exercise Activity Key Performance and Continuous Improvements 1. Space Utilisation – Metrics to Measure the %age of Total Available Space 2. Storage Density – How Efficient is the Available Space VS Storage Capacity 3. Pick Density – How Efficient is the Space Utilised in Terms of Storage 4. Aisle Utilisation – Assessing the Efficiency of Aisle Space Utilisation 5. Inventory Turnover – How Quickly is Inventory being Sold (COGS) KPI’s – Measurement for Improvement 1. Using Signaling to Improve Warehousing 2. Identifying Warehouse Bottlenecks 3. Five Sure Ways to Reduce or Remove Bottlenecks 4. Putting the Plan into Action 5. Final Remarks & Training Evaluation