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Course Schedule
Online Sessions:

19 - 23 May 2025 Online $3,950
13 - 17 Oct 2025 Online $3,950
Course Description

INTRODUCTION

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.

 The purpose of this Effective Inventory Planning & Stock Control training course is to:

  • Enable delegates to evaluate current procedures
  • Examine how lead time builds up
  • Change methods of managing inventory
  • Provides practical skills to eliminate wasteful costs
  • Avoid those internal problems that limit performance
  • Understand and implement the "world-class" tools for managing inventory in the supply chain

Objectives

This Effective Inventory Planning & Stock Control training 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”
  • Use the appropriate methods
  • Apply the 8 Rules for Effective Supply Chain Management

Training Methodology

  • Delegate discussion and involvement
  • Case studies
  • Exercises
  • Best practice examples
  • Supportive comprehensive course manual enabling practical application and reinforcement

Organisational Impact

  • Examine the link of inventory in the company supply chain operations and activities
  • Analyse the key areas of operation
  • Identify and understand key performance indicators
  • Succeed in improving operation
  • Apply the right cost and service balance
  • Gain a competitive advantage

Personal Impact

By attending this Effective Inventory Planning & Stock Control training course, delegates will learn:

  • How to analyse stock and inventory
  • How to make productivity improvements
  • Understand the role of inventory in the supply chain
  • Balancing cost and service requirements
  • A framework for continual improvement
  • Best in class practices

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

DAY 1

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
  • The Supply Chain Rules
  • Inventory and statistics
  • Concept of service level

DAY 2

Inventory Key Concepts

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

DAY 3

Inventory Replenishment Methods and Systems

  • Basic mechanics of inventory systems
  • The stock time curve
  • Stock components
  • Stock investment
  • Free stock
  • Fixed order quantity systems
  • Fixed order time cycle systems
  • 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

 

DAY 4

Inventory Performance

  • Inventory Assessment
  • Assessing the stock level
  • Models for implementing inventory control
  • Determining stock targets
  • Inventory questions
  • Inventory KPI's in warehouses/stores

Inventory Strategies

  • Push/pull
  • Quick response (QR)
  • Efficient consumer response (ECR)
  • Collaborative planning forecasting and replenishment (CPFR)
  • Lean and agile approaches
  • Quality Management
  • Postponement
  • Cross Docking
  • Consolidation
  • Vendor Managed Inventory (VMI)
  • Consignment stocking
  • Co Managed Inventory (CMI)
  • Direct product profitability (DPP)
  • Economic value added (EVA)
  • Collaborative supply chains

 

DAY 5

Inventory Improvements

  • Using the Supply Chain
  • Using the Theory of Constraints
  • Practical inventory improvements
  • Call offs and Telemetry
  • EDI and ICT
  • Keys to reducing stock levels
  • The 7 Rules for planning inventory
  • Model for planning inventory
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
  • Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Providers and Associations

Endorsed Education Provider

  • Quality Logo

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

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Frequently Asked Question:

How can I find out more information about a specific course?

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.

Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions, hands-on activities, and interactive Q&A sessions to maximize learning outcomes.

Will I receive a certificate upon completing a GLOMACS course?

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Does GLOMACS offer customized training for organizations?

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

How can I register for a GLOMACS course?

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

GLOMACS offers both online and in-person training options. You can choose from interactive virtual sessions or attend one of our globally located in-person training courses. The flexibility ensures that learning fits your schedule and preferences.

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability, industry-recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

Why should I choose GLOMACS?

GLOMACS is a globally recognized leader in professional training and development, with a reputation for delivering high-quality, results-driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online and in-person), and accredited certifications that add real value to your career.

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