Valuable course for: experienced industry personnel or students whom have completed IWM 101 and are seeking practical, top-quartile, hands-on training covering complex topics and solutions for Industrial Inventory and Warehouse Management. This 3-day advanced Carver workshop will provide you with comprehensive theory and hands-on training components that tie in a variety of factors and departments that impact decisions made by Warehouse Management.

LEARNING OBJECTIVES:

• Define and describe the various types of inventory
• Understand what cost reduction strategies may apply to your inventory
• Apply Risk Management philosophy to O&M inventory decisions
• Understand how equipment lifecycle performance dramatically affects maintenance and spare parts decisions
• Understand true costs and associated cost components of industrial inventory
• Describe typical maintenance inventory behaviours
• 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
• Define and describe how technology correlates with inventory management
• Understand the physical requirements of a facility parts warehouse
• Define the Economic Order Quantity formula and its application
• Calculate the optimum minimum spare parts levels for maintenance spares
• Use a PC model to evaluate critical spare parts decisions

IWM301 is a valuable successor course of:
IWM101 Introduction to Industrial Warehouse Concepts & Practices