Inventory Management

Inventory Management

Inventory levels depend on many factors, including variable demand, delivery lead time, the supply chain network, service levels etc. Trying to manage these variables independently is a ‘no win’ situation.

This course will provide the key to successful inventory management, by combining practical inventory control techniques with sound procurement practice, to produce a solid foundation to enable your supply chain to meet customer expectations at the lowest possible cost.

 

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WHO WOULD BENEFIT FROM THIS COURSE

• Warehouse managers
• Stock controllers
• Operations managers
• Inventory managers
• Supply chain professionals
• Material managers
• Procurement managers
• Demand management professionals

PARTICIPANTS WILL LEARN HOW TO:

• Understand the role of inventory in an effective supply chain.
• Understand categories of stock and how to tailor stockholdings.
• Learn how to utilize key concepts, variables and metrics that allow for effective management of inventory.
• Understand how product demand and product lifecycle are connected to inventory management.

COURSE TOPICS INCLUDE:

• Demand Characteristics and the Product Life Cycle
• Push and pull systems
• Demand forecasting
• Categorisation of stock
• ABC Analysis
• Economic order quantity and minimum order quantity
• Safety stock and stock cover
• Materials requirements planning (MRP)
• Stock replenishment systems
• The cost of managing stock

Satisfied Customers

“We wanted our people to be more effective in line with our strategy. We have a good relationship with the Supply Chain Academy as they understand our business. I have had great feedback from the team on how effective the course was which they used immediately.”
Perry Jackson

MITSUBISHI ELECTRIC

“The team have made real positive changes since the training day at Supply Chain Academy; the course was highly relevant, a good mix between theory and practice and colleagues appreciated the relevance of the scenarios and case study to help them take the learning and apply at work.”
Blyth Priestley

SKY TV

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Our Creative Team

Paul Stone

Paul Stone

Managing Director

Paul is an experienced Human Resources and Managing Director with a demonstrated history of working in Blue Chip multinationals, professional services, the public sector and more recently in the education management industry.

Neil Roll

Neil Roll

Operations Director

Neil has been working in senior positions within supply chain education for the past five years, following over 25 years’ of practical logistics experience in a blue chip multinational company.

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