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Knowledge of Inventory Management is critical for the effective management of procurement and the supply chain, however Inventory it is commonly not understood. Therefore too high levels of inventory are held with attendant increases to costs, product obsolescence etc.
This comprehensive training course examines the renewed emphasis on running organizations leaner, effectively and efficiently. The renewed pressure to reduce cost as well as investment, while maintaining customer service levels is essential in worldclass performance. Inventory Management is still one of the least understood practices in many companies and managers often fail to see the causal link between Inventory Management and good business results.
The purpose of this seminar is to:
Organizational Impact
Personal Impact
By the end of this training course, participants will be able to:
This ICL training course is suitable to Those new to managing inventory and 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 including the following individuals:
• Stock, Warehouse and Logistics/Distribution Professionals
• Personnel involved in export and import logistics
The course will be presented by a competent Professional who has designed successful inventory control measures. Participants will learn by active participation during the programme through the use of exercises, questionnaires, syndicate and group discussion, training videos and practical on-hand application of inventory and stock control tools
Day One:
Inventory and the Supply Chain Competency Description: Warehouses are complicated areas of any business and in order to manage effectively a supervisor requires to appreciate the complexities of the operation.
Topics to be covered
Inventory Key Concepts
Day Two: Inventory Replenishment Methods and Systems
Topics to be covered
Day 3 - Stock Control and Checking
Topics to be covered
Inventory Performance
Topics to be covered
Day 4 -Inventory Strategies
Topics to be covered
Inventory Improvements
Topics to be covered