Euro Training Limited Training Programs, Workshops and Professional Certifications
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Domain Specific Job Skills

Updated to Leverage the Best of Digital Transformation, Data Analytics and Artificial Intelligence AI
Audio version brochure

INV860-1D

1 Week Training Program

Inventory & Warehousing Performance Evaluation & Audit Training

Building Skills in

  1. Methodology for Operational & Customer Focused Performance Evaluation

  2. Methodology for Inventory & Warehousing Strategic Alignment Performance Evaluation

  3. Preparing & Implementing Balanced Scorecard

  4. Evaluating Inventory & Warehousing Technology Adoption & Leadership

www.eurotraining.com/bro/inv860-1.php

1 Week Training Programs

Seattle, USA
16-20 Dec 2024
London
30 Dec 2024- 3 Jan 2025
Dubai
6-10 Jan 2025
Kualalumpur
20-24 Jan 2025
Dubai
3-7 Feb 2025
London
17-21 Feb 2025
New York
2-6 March 2025
Seattle, USA
16-20 March 2025
Istanbul
30 March-3 April 2025
New York
13-17 April 2025
Dubai
27 April-1 May 2025
Kualalumpur
11-15 May 2025
London
25-29 May 2025



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What is Covered in this Program?

  1. The participant will learn how to Evaluate & Audit the Inventory & Warehousing Operational and Strategic Management Arrangements and Performance towards achievement of Operational Targets, Strategic Objectives, Organizational SOPs and Logistics-wide Leadership.
  2. This program will introduce New Data Analytics and Artificial Intelligence Methods for Real Time and Proactive Performance Evaluation & Reporting.

This program will also discuss the methodology for setting-up an Inventory & Warehousing Balanced Scorecard to develop a 360-degree Performance Evaluation Scorecard and Identify Required Improvements.

  1. This program will also help answer the following questions: How successful are we in meeting our Inventory & Warehousing Operational Targets? Are we working adequately towards our Inventory & Warehousing and Organizational Strategies? How is our Inventory & Warehousing Leadership working at various Levels? Are we a Learning Organization? Are we Improvement Oriented? Do we have the required Work Culture to meet our Business Objectives? Are we Customer-Focused?
  2. This program will build the Process-by-Process Knowhow for Identifying, Planning, Measuring & Reporting based on: Applicable & Subscribed Standards, Commitments, Stakeholder Needs & Expectations, Operational Targets, Strategic Plans, Innovation Opportunities and Leadership. This program will also cover Inventory & Warehousing Functional Audits and Special Audits. Participant will learn about the Good and Best Practices for the Operational Audit Processes.

Participants will also gain understanding of Inventory & Warehousing Data Analytic and Artificial Intelligence Systems that can provide the Decision Makers adequate timely and proactive Performance, Intervention, and Improvement Insights.

Who Should Attend?


  1. This program is intended for Inventory & Warehousing (I&W) Performance Evaluation and Operational Audit Professionals, Managers and Auditors.
  2. This program will also be useful for Inventory & Warehousing Planners, Developers, Consultants, Professionals and Teams assigned responsibility for Identifying and Implementing Improvements on Existing Processes to incorporate New Technologies, Motivation and Leadership Systems, Data Analytic and Artificial Intelligence.
  3. Program Content & Modules
  4. Inventory & Warehousing Performance Evaluation & Audit Training
  5. Business Aspects of Inventory & Warehousing (I&W) Operations
  6. Strategic Aspects of Inventory & Warehousing
  7. Inventory & Warehousing Technologies and Trends
  8. Good and Best Practices
  9. Meaningful Inventory & Warehousing Performance Measures
  10. Understanding Performance KPIs for Inventory & Warehousing Key Processes (or Process of Concern)

    (1) Planning

    (2) Coordination with Stakeholders

    (3) SLAs & Contractual Commitments

    (4) Inventory Materials Issue

    (5) Inventory System Monitoring & Alerts

    (6) Warehousing Planning

    (7) Materials Reciept & Acceptance

    (8) Stocking

    (9) Inventory Reporting

    (10) Reordering Alerts or Initiations

    (11) Expediting

    (12) Inventory Integrity Maintenance

    (13) Processes for Developing Logistics Human Resources

    (14) Logistics Knowledge System

    (15) Delivery Management Process
  11. Understanding the Inventory & Warehousing Stakeholders
  12. Needs and Expectations of Inventory & Warehousing Customers and Stakeholders
  13. Initial Performance Evaluation & Audit Assessment and Planning
  14. Define Objectives Process
  15. Performance Evaluation & Audit Assessment Scope Determination Process
  16. Resource Allocation Process
  17. Performance Evaluation & Audit Assessment Data Collection Processes
  18. Historical Data Review Process
  19. Inventory Records Process
  20. Interviews and Surveys Processes
  21. On-site Inspections Processes
  22. Performance Metrics and Key Performance Indicators (KPIs) Processes
  23. Define Inventory KPIs Process
  24. Benchmarking for KPIs Process
  25. Inventory Accuracy and Reconciliation Processes
  26. Evaluating Cycle Counting Process
  27. Inventory Discrepancy Analysis Process
  28. Evaluating Inventory Reconciliation Process
  29. Inventory Storage and Layout Optimization Processes
  30. Evaluating Space Utilization Process
  31. Evaluating Storage Methods Process
  32. Inventory Workflow Analysis Process
  33. Order Fulfillment and Processing
  34. Evaluating Order Accuracy Process
  35. Inventory Processing Time Process
  36. Order Fulfillment Rate Process
  37. Inventory Turnover and Stock Management
  38. Evaluating Turnover Analysis Process
  39. Stock Levels Process
  40. Demand Forecasting Process
  41. Compliance and Safety
  42. Regulatory Compliance Process
  43. Safety Practices Process
  44. Technology and Systems Evaluation
  45. Inventory Management Systems (IMS) Process
  46. Inventory Automation Processes
  47. System Integration Process
  48. Inventory Audit Reporting
  49. Audit Documentation Process
  50. Audit Presentation Process
  51. Post Audit Action Plan Development
  52. Action Items Prioritization Process
  53. Action Plans Process
  54. Resource Allocation Process
  55. Implementation and Monitoring
  56. Action Plan Execution Process
  57. Action Plan Monitoring Process
  58. Follow-up Audits
  59. Regular Audits Process
  60. Feedback Loop Process
  61. Continuous Improvement
  62. PDCA Cycle Process
  63. Training and Development Process
  64. Ideas for Exceeding Inventory & Warehousing (I&W) Customer Expectations Processes
  65. Inventory & Warehousing Performance Measurement against Key Performance Indicators (KPIs) derived from

    (1) Organizational Policies or New Initiatives

    (2) Operational Targets

    (3) Customer Focus Objectives

    (4) Strategic Plans & Objectives

    (5) Standard Operating Procedures

    (6) Organizational Learning during Operations

    (7) Exploiting Emerging Improvement Opportunities

    (8) Performance Trends

    (9) Leadership Instructions.
  66. Inventory & Warehousing Operational Audit and Performance Checklists arising from

    (1) Industry and Subscribed Standards

    (2) Organizational Policy

    (3) Strategic Objectives

    (4) Operational Strategies and Plans

    (5) Operational Targets

    (6) Standard Operating Procedures

    (7) Work Controls

    (8) Good and Best Practices

    (8) Benchmarking with Industry Leaders.
  67. Evaluating Maturity & Performance Effectiveness of Inventory & Warehousing Operational Audit & Performance Evaluation Processes

    (1) Risk Based

    (2) Setting Priorities

    (3) Pre-Preparation

    (4) Pre-Audit Activities

    (5) Plans and Checklists

    (6) Procedures

    (7) Cooperation and Coordination

    (8) Resolving Audit Problems

    (9) Taking Auditee Inputs

    (10) Reconfirmation of Key Facts

    (11) Investigative Activities

    (12) Following-up of Information Leads

    (13) Resolving Observed Problems with Auditees

    (14) Closing Audit Presentation

    (15) Draft Audit Report

    (16) Consultations and Further Investigations

    (17) Final Audit Report

    (18) Management Buy-in

    (19) Implementing Recommendations

    (20) Improvements Confirmation.
  68. Program Recommendations
  69. Detailed Personalized Inventory & Warehousing (I&W) Operational Audit & Performance Evaluation Improvement Outline Action Plan

1 Week Training Program

Outcomes & Takeaways

Outcomes and Takeaways Overview
  1. Knowhow and Technology Transfer to the Participants. Building relevant Understanding, Competencies & Process Knowledge.
  2. Multi-discipline understanding of Program Topics.
    Means that post program when participant takes decisions, related to his work, participant will automatically and subconsciously consider and take into account (as applicable) Internal & External Customer Needs and Expectations, Operational & Strategic Objectives, Regulatory Aspects, Industry Standards, Technology Options, Understand Helpful Modern Tools and Methods, Understand Risks, Actions for Increasing Productivity, Legal & Contractual Aspects, Intellectual Property Aspects, Safety, Security, Audit, Cost Benefit Aspects, Value Engineering Opportunities, Key Performance Indicators, Meaningful Performance Evaluation System, and, Data Analytic Opportunities.
    This type of understanding and habit otherwise develops after years of rich and diverse work experience. (few get this opportunity)
  3. Knowledge Framework outline which will enable the participant to understand and learn the right lessons from his own past, present and future on-the-job experience.
  4. Training that will empower the participant to identify, support and implement improvements in his work area, team, section, department, and organization.
This 1 Week Training Program participant will typically take away...
  1. Program related knowhow, skills, competencies and process knowledge.
    This program will use case studies and benchmarked Good and Best Practices to enhance participant understanding and competencies.
  2. Domain Knowledge and process knowledge.
    The participant will become empowered and should become more Productive, Effective, Efficient, Customer Focused and Strategic Focused.
    At the end of the program, the Participant will prepare a Customized Outline Action Plan which will serve as the roadmap to implement some key improvements in his work area.

Benefits to the Organization Sponsoring Participants to this program

(Benefits made possible by Euro Training's unique, multidiscipline, customer focused, strategic focused, easy to understand and apply training methodology that relies on Industry Good and Best Benchmarked Practices)

  • Euro Training programs are different. They develop practical Job Skills.
    This program is designed to make the participant aware of the domain processes, multi-discipline skills and competencies related to his job responsibilities.
    Each program is customized and made useful for the particular participant group, our target is 90%+ topics directly applicable to the work today or in future.
    Benefits you may see in participant post program...
    • Inclination to Recognize his stakeholders, and their needs & expectations. He will also get understanding of how to analyze to find ways to exceed customer expectations and delight the customers.
    • High level Job skills & competencies
    • Taking Initiative to Propose Improvements in Work Responsibility Area.
  • Further, this program will Build Multi-Discipline Understanding, Skills and Competencies including (as relevant)...
    • Increased Technical and Process Knowhow
    • Awareness to the Need to align performance to the Needs and Expectations of Stakeholders/ Customers (internal & external)
    • Awareness of the Need to Align performance to Organizational Operational and Strategic Objectives.
    • Understanding Domain Good Management Practices, and, Awareness to meet Requirements and Recommendations of the Relevant Industry and Professional Standards.
    • Awareness to consider for possible application the Best Benchmarked Domain Practices that can assist making Dramatic Process Improvements.
  • Type of improvements the participant will be trained to analyze and implement include (as relevant) Productivity Improvements, Product and Service Differentiation and Exceeding Stakeholder & Customer Expectations.
  • Euro Training Instructors often act as mentors for participants (solely subject to instructor approval). Your participants can utilize this free service to ensure effective post program reinforcement and help when applying the ideas, skills and competencies acquired during the training.

Participant Individual Career Benefits

  1. First, and most important benefit, is the positive self-esteem that will come from being able to do your work right first time and meet internal and external customer expectations.
  2. Second, the Program developed Understanding, Skills & Competencies will help you successfully present your professional and Team skills at Job Interviews and Internal Performance Evaluation Reviews.
  3. You gain a clear direction for analyzing, proposing and implementing improvements in his work area.
    The outline action plan you prepare and take away after the program will help you take improvement initiatives and make a positive difference in your performance on the job, team, business unit or organization. This difference after implementation and when added to your resume will make you a prime candidate for career advancement in your own organization or in your next job.
  4. Post program when you take decisions related to your work processes you will automatically consider (as applicable): Internal & External Customer Needs and Expectations, Technology Options, Helpful Tools and Methods, Consider Risks, Mitigate Risks, Take Actions that Increasing Productivity, Consider Legal & Contractual Aspects, Consider Intellectual Property Aspects, Pay attention to Safety and Security, Consider future Audit, Weigh Cost Benefit between options, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, and, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, .... (and possibly more multi-discipline aspects).

Registration Form

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Registration & Fee Information

  1. Fee information is also available at:   PROGRAM-FEE-PAGE   Special Discounts May be Available Please email scholarships@eurotraining.com.
  2. To register please send us an official letter confirming registration (on organizational letterhead), or, send us a completed registration form above. GET MSWORD REGISTRATION FORM .
  3. Fees are Payable by Bank Transfer or Bank Draft.
    • Program Fee for 1 Week (5 day/30 hrs) Training Program is:

      (1) At Dubai, Kuwait, New Delhi, Qatar £4,315 (USD $5,500) per participant.

      (2) At London, US Locations, Europe, Malaysia, Singapore £4,747 (USD $6,050) per participant.

      (3) If Attending Online Training Fee is £2,000 (USD $2,500) per participant.
    Fee includes Course Materials, Certificate, Refreshments and Lunch (classroom programs).
  4. Accommodation is not included in Program fee. Special rates may be available at venue hotel for participants.
  5. A Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  6. Cancellation & Date Change: No Fee Refund if participant cancels his registration less than 3 weeks before start of the program. Alternate nominations may be allowed if requested atleast 2 weeks before program start. In case of exceptional hardship or emergency participant may be allowed to attend same program at another location or date on payment of 10% of fee.
  7. All participants are required to fill in Participant Information Form and Program Related Questionnaire - on first day of the program.
  8. Each program Undergoes Customization to Better Meet Participant Present and Future Job and Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
  9. It is always useful for participants to bring their existing problems or case studies, work-process flow charts or job related problems for discussion - consideration will be at sole discretion of the program director/s.
  10. Provisional Registration : You can make a provisional registration request by sending us an email using an official email account. Provisionsl registration request, when confirmed by Euro Training, will reserve a seat for you for 14 days. After our Confirmation you have 2 weeks to send us an official registration request. Provisional registration is automatically cancelled at the earlier of (1) 2 weeks after Provisional Registration Confirmation if registration is not reconfirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way.

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