Inventory Planning and Stock Control

Details

This comprehensive course covers key aspects of inventory planning and stock control, including demand forecasting, inventory optimization, stock management techniques, and performance measurement. Participants will learn practical techniques for managing inventory effectively and efficiently, ensuring that stock levels align with organizational goals and operational needs.

Target Group

Target Group:

• Inventory managers and supervisors.
• Supply chain and logistics professionals.
• Procurement and purchasing managers.
• Warehouse and operations managers.
• Anyone responsible for managing inventory and stock levels.

Target Group: Organizations across various industries that aim to improve their inventory management and stock control practices.

Goals

• Understand the principles and importance of inventory planning and stock control.
• Develop skills for effective demand forecasting and inventory optimization.
• Learn techniques for managing stock levels and reducing inventory costs.
• Enhance abilities in implementing stock control systems and procedures.
• Apply best practices for measuring and improving inventory performance.
• Utilize advanced tools and technologies for inventory management.

Target Competencies

Target Competencies:

• Effective demand forecasting and inventory optimization.
• Stock level management and cost reduction techniques.
• Implementation of stock control systems and procedures.
• Measurement and improvement of inventory performance.
• Utilization of advanced inventory management tools and technologies.

Outlines

Introduction to Inventory Planning and Stock Control

• Overview of inventory management principles.
• Importance of inventory planning and stock control.
• Key components of an effective inventory system.
• Benefits of optimal inventory management.
• Practical exercises on understanding inventory principles.

Demand Forecasting and Inventory Optimization

• Techniques for accurate demand forecasting.
• Using historical data and market trends for forecasting.
• Inventory optimization methods.
• Balancing inventory levels with demand.
• Practical exercises on demand forecasting and optimization.