Effective Inventory Planning & Stock Control

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