Inventory Management — 2 days
Available as a public course and as a tailored, in-house programme
How much inventory is enough and how can I make sure it is in the right place at the right time? This course provides a range of techniques to help delegates decide just that. Effective Inventory Management is critical to many organisations, including distributers, retailers, manufacturers, utilities and many public sector bodies. Practical exercises are included to demonstrate key techniques.
Before booking, please read our standard Terms and Conditions which apply to all open course bookings.
Who Will Benefit?
Materials, Logistics and Production Directors/Managers, Production Controllers, Material & Inventory Planners, Schedulers, Stores and Finance roles would all benefit from attending.
What Will The Course Cover?
- The role and cost of inventory
- Buffering uncertainty
- Inventory classification
- Demand pattern analysis
- Calculating stock levels
- Safety stock and order quantities
- the K-curve methodology
- Replenishment control techniques
- MRP and DRP
- Analysis and reporting
- Implementing a control process
What Will Delegates Gain?
Concentrating on quantitative techniques, this course gives delegates the tools to address the day-to-day problems of Inventory Management and the ability to make a positive contribution to the bottom line once they return to work:
- improve service levels;
- reduce inventory investment;
- manage risk and vulnerability;
- implement appropriate techniques for managing and reducing inventory on an ongoing basis.
Dates and Venues
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£985 + VAT for the 2 day course, including 1 night's accommodation