Effective Inventory Management Course | Stock Control | Trajlon Group

Course image

Effective Inventory Planning and Stock control

Course Type

Short Course

Category

Inventory

Duration

5 Days

Ratings

Training Objectives

Download Brochure

Course Overview

This course deals with all aspects of the inventory management.

Delegates will be introduced to issues of tracking, handling and managing goods and materials that are held in stock.

The course will also cover latest stock control methods, demand planning as a tool for reduction of obsolescence and redundancy, methods for dealing with variety and proliferation, health and safety and others.

Target Audience

Inventory Managers and Inventory Planners Supply Chain Managers and Logistics Coordinators Warehouse Managers and Storekeepers Procurement and Purchasing Officers Operations Managers

Course Outline

Importance of Inventory in Supply Chain Objectives of Inventory Management Types of Inventory (Raw Materials, WIP, Finished Goods, MRO) Costs Associated with Inventory (Holding, Ordering, Stockout, Obsolescence)

ABC Analysis and Other Classification Methods (VED, FSN, XYZ) Inventory Turnover and Performance Metrics Cycle Counting and Physical Inventory Stock Audits and Compliance

Importance of Accurate Forecasting Qualitative vs. Quantitative Forecasting Methods Seasonality, Trends, and Historical Analysis Safety Stock Calculation and Buffer Stocking

Economic Order Quantity (EOQ) Reorder Point (ROP) & Lead Time Analysis Just-in-Time (JIT) vs. Traditional Reordering Min-Max Systems and Periodic Review Models

ERP Systems and Inventory Modules (SAP, Oracle, Microsoft Dynamics) Barcode & RFID for Inventory Tracking Inventory Optimization Software and AI Tools Real-time Inventory Dashboards & KPIs

Stock Control Policies and Procedures Centralized vs. Decentralized Inventory Managing Excess, Obsolete, and Slow-Moving Inventory Inventory Accuracy and Reconciliation Techniques

Identifying Risks in Inventory Management Mitigating Supply Chain Disruptions Safety Stock and Contingency Planning Dealing with Demand Uncertainty

Industry-specific Inventory Management Examples Lessons from Inventory Failures and Successes Benchmarking and Continuous Improvement

Upon completion of this training, participants will be able to:

Master Inventory Planning Techniques Analyze and manage lead times and safety stock levels. Monitor and manage inventory turnover, stock levels, and stockouts. Introduce software solutions and ERP systems for inventory control. Apply Risk Management in Inventory Planning Promote Sustainable and Lean Inventory Practices

Download Brochure!

Download this comprehensive brochure to explore the course overview, discover the key skills and knowledge you will gain, and review the detailed course outline – all conveniently accessible offline. Feel free to share this informative resource with colleagues and others who may benefit from this learning opportunity.

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Duration:5 Days
Modules:8
Traininglive classes
Group discount:Yes
Language:English

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