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(2-day) Inventory Management Program for Working Adults and Industry Practitioners
Inventory Management is a crucial component of supply chain management and it is the process of tracking stock levels and the movement of goods, whether it be delivering raw materials to manufacturers or fulfilling orders for finished products. Inventory Management is the fundamental building block to longevity, helping businesses to minimize costs, improve cash flow and boost profitability.
When your inventory is properly organized, the rest of your supply chain will fall into place. Without it, you risk a litany of mistakes like mis-shipments, shortages, out-of-stocks, spoilage (when dealing with perishable stock items), overstocks, mis-picks and so on.
Nonetheless, 43% of small businesses still don’t track their inventory, and, on average, U.S. retail operations have a supply chain accuracy of only 63% — which means many retailers aren’t taking advantage of the inventory management software available.
Unlike an Enterprise Resource Planning (ERP) system, an inventory management system focuses on one supply chain process. They often come with the ability to integrate with other software systems — POS (point of sale), sales channel management, and shipping — so you can build a personalized integration stack to meet the unique needs of your business.
When your inventory is properly organized, the rest of your supply chain will fall into place. Without it, you risk a litany of mistakes like mis-shipments, shortages, out-of-stocks, spoilage (when dealing with perishable stock items), overstocks, mis-picks and so on.
Nonetheless, 43% of small businesses still don’t track their inventory, and, on average, U.S. retail operations have a supply chain accuracy of only 63% — which means many retailers aren’t taking advantage of the inventory management software available.
Unlike an Enterprise Resource Planning (ERP) system, an inventory management system focuses on one supply chain process. They often come with the ability to integrate with other software systems — POS (point of sale), sales channel management, and shipping — so you can build a personalized integration stack to meet the unique needs of your business.
Objective
This 2 Days Executive Program equips our participants with the knowledge and practices of managing warehouse inventory in any organisation. It would be suitable for any Industry to support ASEAN to the Global Market for your IMPEX (Import and Export). This contextualised workshop comprises of modules on Warehouse Inventory & Audit (WIA) and Skills Project-Case Studies on Inventory Management to make it an Activity Based Program.
The workshop will cover key topics on inventory planning, stock management and inventory audit. The Skills Project module requires participants to apply the knowledge gained on WIA to work on a project for effective inventory management of their organisation. Coaching and Mentoring will be done after completion of the 2 days’ Workshop as needed by the Participants on a Probono basis.
The workshop will cover key topics on inventory planning, stock management and inventory audit. The Skills Project module requires participants to apply the knowledge gained on WIA to work on a project for effective inventory management of their organisation. Coaching and Mentoring will be done after completion of the 2 days’ Workshop as needed by the Participants on a Probono basis.
Outline
1. Inventory Warehousing and Management
2. Inventory Planning and Stock Management
3. Stock Management Tools and Techniques
4. Warehouse Inventory Count and Audit
5. Warehouse Inventory Audit Improvement
6. SCM 4.0 and Inventory Management
7. Use of LEAN manage Inventory Flow of Goods
8. Best Practices for sharing
9. Case Study
10. Case Study Presentation for Competency Grading
2. Inventory Planning and Stock Management
3. Stock Management Tools and Techniques
4. Warehouse Inventory Count and Audit
5. Warehouse Inventory Audit Improvement
6. SCM 4.0 and Inventory Management
7. Use of LEAN manage Inventory Flow of Goods
8. Best Practices for sharing
9. Case Study
10. Case Study Presentation for Competency Grading
Who should attend
This is a 2 Day Full session program with Activity Based Learning Methodology specially designed for Inventory Management Practitioners. The workshop session will be intensive and to acquire the knowledge during the class and to impart it at their respective workplace.
An applicant must be at least 21 years old and have at least 1 year of relevant work experience. Those who do not meet the criteria, but have at least 3 years of work experience can be considered on a case-by-case basis subject to review by the Course Administrator cum Coach/Trainer
An applicant must be at least 21 years old and have at least 1 year of relevant work experience. Those who do not meet the criteria, but have at least 3 years of work experience can be considered on a case-by-case basis subject to review by the Course Administrator cum Coach/Trainer
Methodology
The program could be delivered Live and via Virtual Learning Class as part of Blended Learning or Hybrid as appropriate for the participants. This program will be delivered by highly experienced trainer/coach with full blown SCM Value Chain from a Multi-National organization for more than 30 years with post-graduate academic and professional qualifications.
Testimonials
I've successfully managed to learn how to use professional terminology.
The trainer not only furnished us with highly valuable examples but also conducted a beneficial warm-up session prior to commencing the course.
The trainer not only furnished us with highly valuable examples but also conducted a beneficial warm-up session prior to commencing the course.
Profile of SM Syed Ali
Mr. Syed:An Industrial Organizational Psychologist, Coach, Mentor and an Expert in Supply Chain Logistics Management (SCLM)
SM Syed Ali is actively involved in providing training and consultancy services for a wide array of institutions, both domestically and internationally. These institutions include renowned names like WSG-Supply Chain Logistics Academy (SCALA), SMU Academy, WSG-Supply Chain Asia, PSB Academy, London School of Business & Finance, IMSC, TMC, and NTUCLHUB. His work spans across diverse programs, encompassing Supply Chain Logistics Management (SCLM) which focussed on key areas of Transport & Warehouse Management, Inventory Management, Procurement, Purchasing, Vendor Management, Import and Export Management (IMPEX). The other areas of his expertise are, LEAN Six Sigma, Art of Negotiation, Design Thinking, Project Management, Effective Communication, Situational Leadership, 7 Habits of Effective People, Kaizen & Continuous and Productive Improvements Tools and Methodologies.
Syed has held prominent management roles within three multinational manufacturing companies, where he worked extensively across Asia, Europe, and the USA, dedicating approximately 30 years to various global supply chain logistics programs and projects.
Syed's educational background includes a Master of Science Degree in Industrial & Organizational Psychology/HRM from the City University of New York (USA), a Bachelor's Degree in SCM Logistics from Curtin University, Australia, and a Diploma in Project Management from Cambridge University. He holds professional qualifications such as the Certified Professional Logistician accreditation from the Chartered Institute of Transport and Logistics (UK), and the Advanced Certified in Training & Assessment (ACTA) certification from the Singapore Work Development Authority. Additionally, he possesses a Coaching Certificate from TUV SUD/PSB Singapore.
Beyond his professional pursuits, Syed actively contributes to the community by serving as a mentor for the Yellow Ribbon Project and specializes in CPR as a member of the Community Emergency Response Team (CERT). His dedication to community engagement was recognized with the 20 Years Appreciation Award from the Singapore Prime Minister's Office, presented by his Member of Parliament in August 2019. Syed also plays a significant role as a SPRINGS and SCALA Skills Future Trainer and Mentor for the ongoing WSG-Singapore Government initiated Professional Conversion Programs (PCP). He is additionally a WSG Trained Career Adviser Practitioner (CAP), further demonstrating his commitment to professional development and community service.
He had received the 20 years Appreciation Award from our Singapore Prime Minister Office (PMO) through his Member of Parliament in August 2019.
