Find a Program
Country:
State:
City:
Category:
Month:

Inventory Planning and Stock Control

Program Objectives:

By the end of the program, participants will be able to:

  • Plan and control stock successfully and cost effectively using proven techniques of inventory management.
  • Forecast demand and control lead time
  • Classify, count and reduce inventory.
  • Reduce inventory investment and surplus.
  • Use the right Key Performance Indicators (KPIs) for the measurement and evaluation of the inventory department.
  • This Program is designed for:

    Those involved in inventory (materials) planning and stock control at the operational and supervisory levels. Also, those working in other functions of materials management (purchasing, stores, distribution) who need to understand the mechanics of inventory planning and stock control.

    Program Outline:

    Introduction to Inventory Management Inventory Systems
  • Objectives and Responsibilities of Inventory
    Management
  • Customer Service in Inventory Management
  • Inventory Management in the Arab World
  • Inventory Costs
  • The Max-Min System
  • When and How Much to Order
  • Controlling Safety Stocks
  • How to Deal with Quantity Discounts
  • Description and Classification of
    Inventory
    Counting and Controlling
    Inventory
  • Types of Inventory
  • The ABC Inventory Classification
  • Materials Specifications/Cataloguing
  • Counting Methods and Accuracy
  • Periodic and Cycle Counting
  • Forecasting Demand and Lead
    Time
    Reducing Inventory Investment
  • Techniques of Forecasting
  • o Seasonal Demand
    o Moving Average
    o Exponential Smoothing
  • Control of Lead Time
  • Identification and Disposal of Surplus
  • Material Requirements Planning (MRP)
  • Just-In-Time (J.I.T.) Method
  • Measuring Inventory
    Management Performance
     
  • Key Performance Indicators (KPIs) and
    Targets
  • Qualities of the Inventory Specialist
  • Pre-requisites

    None:
    Duration : 2 days

    Inquiry Form
    Select course*
    Name*
    Company
    Experience
    Designation
    Mobile No*
    Email Id*
    City
    Message*
    © Copyright 2009 Business Excellence Institute. All rights reserved