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Welcome to our module on “Purchase and Warehouse Management”. Today’s marketplace offers almost limitless options to the customers because of the stiff competition. This makes customers’ expectations high in terms of quality, features, price, etc. The company’s today hence, can no longer focus only on making their products available to the market. In order to remain competitive, it has become a necessity to implement the elements of purchase and supply management.
This course is designed in a way that will teach you how to effectively manage the end-to-end flow of materials in an organization. It will equip you with all the necessary tools that will be helpful to you even beyond the internal operations.
The second section is on warehouse management. Warehouse operations being external to an organization is usually not given the due importance as it’s not considered a core activity.
This course outlines some of the common problems faced in warehouse operations and proposes some very efficient solutions, tips and strategies to face these challenges.
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|Section 1: Introduction|
|Section 2: Purchasing fundamentals- Be an expert!|
|This lecture gives a brief introduction to purchasing. What all are included in purchase and supply chain management.|
|The lecture begins with introducing some key objectives and responsibilities involved in purchasing and highlight the elements of purchasing process. The purchase requisition flow is explained with the help of an illustrative example.|
Through this lecture, users will be able to understand the importance of purchasing to the company and will also develop a sharp understanding of PSM projects and profiles.
|Section 3: Driving excellence in warehouse operations|
|This lecture talks about the various inefficiencies that are commonly observed in warehouse operations. Also there are certain process specific inefficiencies that are also covered here.|
Looking at these issues affecting warehouse operations the drive for Warehouse excellence can be measured along 5 key dimensions, which are:
• Process excellence which includes automatic data collection, profiling orders and stocking accordingly, using bin locations to locate products / avoiding mix-up, establishing advanced shipping notification, creating wheelhouse zones in picking area, giving safety the due importance, optimizing shipping cartons etc.
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