Introduction to Industrial Warehouse 

24 Training Hours

Introduction

Achieving facility wide benefits from a modern Operations and Maintenance (O&M) inventory management system requires a well thought out, disciplined, team based, and management supported process.

Systematic application of Supply Chain Management (SCM) processes, procedures, tools, application guidelines and personnel training produce the following benefits: 

Owners of industrialized plants, manufacturing facilities, and commercial entities recognize that their assets and equipment require effective maintenance. While several of the assets can be maintained effectively because of world class risk analysis and asset management during operational periods, there is still a critical need for efficient application of the said maintenance program. This efficient application is the result of top percentile planning and scheduling which itself is highly dependant of worldclass warehousing. Together they will contribute to Overall Equipment Effectiveness (OEE)

Plant or facility productivity is improved by having the right inventory at the right time (i.e. reduced plant/equipment downtime due to lack of right quality and quantity of parts/services).

More suppliers are integrating operations with their internal and external customers and suppliers, as distinct from the old traditional and often adversarial transactional relationships that characterized pre-supply chain management. 

World class risk-based Industrial Warehouse Management (IWM) with a continuous improvement mindset:

• Lowers O&M inventory investment without lowering SCM service levels.

• Offers Higher O&M service levels without increasing inventory investment.

• Decreases risk of obsolescence and inventory write-downs.

• Provides more timely and accurate inventory information. 

• Handles increased transaction activity without corresponding increases in cost.

• Provides documented inventory management processes to be used for personnel training, defining responsibilities and internal or external quality control.

• Defines monitorable Key Performance Indicator (KPI) targets to gauge past and present performance. 

​

This comprehensive workshop, covering many aspects of Industrial Inventory and Warehouse Management will provide you with comprehensive, interactive training to help you fully understand and apply concepts learned. 

 

Objectives

Upon completion of this workshop, you will be able to:

• Define and describe the different types of inventories.

• Understand if and what cost reduction strategies may apply to your inventory.

• Apply Risk Management Philosophy to O&M inventory decisions.

• Understand how Equipment Life Cycle Performance dramatically affects maintenance and spare parts decisions.

• Understand the true costs and associated cost components of industrial inventory.

• Describe typical maintenance inventory behavior.

• Describe the typical workflows associated with supply chain.

• Understand Activity Based Costing (ABC) and how it applies to inventory management.

• Understand why O&M and warehouse parts philosophies and needs should have common performance measures.

• Describe and define how technology interrelates to inventory management.

• Understand the physical requirements of a facility parts warehouse.

• Define the Economic Order Quantity (EOQ) formula and describe its application.

• Calculate the optimum minimum spare parts levels for maintenance spares.

• Use a PC model to evaluate critical spare parts decisions.

 

Methodology

This course was developed using over 30 years of experience of world class best practices. The focus is on value adding activities and understanding aspects of Industrial Inventory and Warehouse Management and their impact on the maintenance efficiency of critical physical assets as well as the budgetary impact. 

 

The exchange of instructor and students’ experiences, case studies and practical exercise complements positively the lecture. The outcome of this interaction type is a focus on internal company challenges and world class solutions for the candidates to bring back to base.

 

Benefits

• Improved profitability and market share. 

• The sharing of all relevant information creates a mutual dependence replacing an antagonistic, arms-length, transactional relationship that was often based on distrust and the hoarding of information.

• Lower Mean Time to Repair (MTTR)

• Eliminates Stock-out

• Effective utilization of planners, supervisors, and craftspeople. 

• Lower costs due resulting from efficient use of maintenance labor hours.

• Value adding management of information, risk, and time. 

• Increased Asset Availability.

• Decreased unit cost of production.

• Sustainable increased profit margin.

​

Who should attend?

For experienced industry maintenance, engineering, planners, schedulers personnel including or students who are seeking practical, top-quartile, hands-on training covering complex topics and solutions for Industrial Inventory and Warehouse Management.

 

This workshop will provide students with interactive training including practical and industry specific case studies.

 

• Maintenance Planners

• Maintenance Schedulers

• Maintenance Managers

• Maintenance Superintendents

• Maintenance Engineers

• Engineering Managers

 

 

Key Topics

• Definition of terms

• Prioritization from multiple perspectives

• Concepts & Principles

• Key Success Factors

• How to best manage the supply

• Objectives, Targets and Deliverables 

• Software Selection and Utilization 

• Cost Effective Inventory 

• General Inventory Control 

• Facility risk management

• Inventory Costs and Behavior

• Inventory Decision Making - Life Cycle Cost Profiles

​

​