Suggested Attendees: Inexperienced industry personnel seeking practical, top-quartile, training covering the many aspects of Industrial Inventory and Warehouse Management. This introductory, 2-day Carver workshop will provide you with comprehensive, detailed theoretical information combined with interactive, hands-on training to emphasize important concepts.

LEARNING OBJECTIVES:

• Identify various types of inventory
• Understand which cost reduction strategies may apply to your 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.

IWM101 is a valuable introductory course for: IWM301 Advanced Industrial Warehouse Concepts & Practices