PHSC 356: Inventory and Warehouse Management

Description

COURSE OVERVIEW

Inventory, Warehousing, Transportation, and Distribution Management are crucial components of supply chain management. It involves the management of inventory, warehouse facilities, transportation of goods, and the distribution of products to customers. In a competitive business environment, efficient management of these processes is necessary to ensure customer satisfaction, cost-effectiveness, and operational efficiency. Inventory management deals with the optimization of inventory levels and minimizing inventory costs while meeting customer demand. It involves managing the flow of goods from the point of manufacture to the point of sale, ensuring that inventory levels are sufficient to meet customer demand without excessive carrying costs.

Effective inventory management is essential for businesses to remain competitive and meet customer expectations. Warehousing management involves the management of warehouse facilities, including the storage, handling, and movement of goods. It also includes managing the utilization of warehouse space, labor, and equipment to ensure the efficient operation of the warehouse. Effective warehousing management is critical to ensure that goods are received, stored, and shipped accurately and timely. Transportation management deals with the planning, execution, and optimization of the movement of goods from one location to another. It involves selecting the appropriate mode of transportation, managing transportation routes, and ensuring on-time delivery.

Effective transportation management helps businesses optimize their transportation costs, minimize delivery times, and improve customer satisfaction. Distribution management involves managing the distribution of goods to customers, including order processing, order fulfillment, and delivery. It ensures that the right product is delivered to the right customer at the right time and in the right condition. Effective distribution management is critical to meeting customer expectations, ensuring customer satisfaction, and maintaining customer loyalty

  This course seeks to provide students with the right skills to master the requirement of warehouse and  inventory management. It covers all the areas of knowledge that a person needs for successfully managing a warehouse and its inventory such as conceptualizing how to receive, arrange, maintain the quality of products in the medical store, and many more.

The course also covers transportation and distribution management, which involves the planning and coordination of delivering persons or goods from one place to another. Transportation managers are responsible for the complete reception and effective shipment of cargos for a trading company. They also deal with the safe and reliable transportation of passengers, as well as developing shipment relationships and partnerships.

LEARNING OUTCOMES

At the end of this course, students should be able to:

• Introduce students to inventory, warehousing, transportation and distribution management and their objectives in a pharmaceutical supply chain.
• Introduce students to the cost associated with inventory, warehousing, transportation and distribution management and related services.
• Provide students with knowledge about the various controls and information systems for managing inventory, warehousing, transportation and distribution. 
• Introduce students to the Ghana integrated logistics management information system for managing health and pharmaceutical products.
• Equip students with the pharmaceuticals inventory, warehousing, transportation and distribution regulatory frameworks.