Inventory Management Techniques

Inventory Management Techniques

Objectives

This course will help you learn how to:

  • Appreciate that time is cash
  • See that movement to the customer is all that adds value
  • Work with all of the supply chain players pays
  • Look “outside of the box”
  • Apply the 8 Rules for Effective Supply Chain Management

Who Should Attend?

  • Those new to managing inventory
  • Those non inventory people who need to gain an awareness of the issues and key drivers of stock control operations
  • Inventory, Stock, Supply Chain, Logistics, Warehouse and Distribution Professionals

Course Outline 

Inventory and the Supply Chain

  • Inventory management definition
  • Types of stock
  • Demand amplifications
  • Demand replenishment in networks
  • Managing the flows
  • Type I and II supply chains

Inventory Key Concepts

  • Key Component: Demand Analysis
  • Key Component: Supply Lead Time
  • Key Component: Cost & Benefits
  • Inventory in organizations

Methods and Equipment

  • Warehouse structures - Loading bays - Selecting fork lift trucks
  • Selecting racking - Implications for warehouse layouts
  • Operational timings and planning

Inventory Replenishment Methods and Systems

  • Basic mechanics of inventory systems
  • The stock time curve
  • Stock components
  • Stock investment
  • Requirements planning systems

Stock Control and Checking

  • Inventory receipts
  • Identifying inventory
  • Surplus and obsolescent stock
  • Stock control and records
  • Stock checking programs
  • Reviewing current procedures and polices 

Event Information

Event Date 12-01-2025
Event End Date 16-01-2025
Individual Price $3,600.00
Location cairo
Categories Purchasing and warehouse