Inventory Management Training
Code
4000
Type
Classroom
Duration
5
Modules
5
Skill Level
Expert
Language
EN
Max
10
Certificate
Yes
Assessment
No
These inventory management techniques will improve your inventory turnover ratio and transform frozen assets into cash. Cutting-edge inventory management techniques deliver results that go far beyond initial expectations.
Explore the latest inventory management methods for saving money, satisfying customers, and speeding up the flow of inventory. Learn how to take days—not hours—out of the manufacturing and distribution cycle. Discover how to apply today’s most exciting production techniques.
- Becoming truly responsive to your customer’s real needs
- Reducing your cost of inventory obsolescence
- Making your scheduling and shop loading more efficient
- Narrowing the gap between sales and stock replacement
- Fine-tuning your record-keeping accuracy for better inventory management
- Determining your exact material status and inventory dollar burden
- Store or Warehouse Managers
- Store Keepers
- Purchasing, manufacturing, and production control managers
- Industrial engineers
- Factory superintendents
- Who can benefit from enhancing their inventory management techniques
There are no specific requirements for this Course.
Course Outline
- Inventory Mgt., SCM, and Purchasing Mgt.
- Inventory Mgt. as a part of SCM
- Supply Chain Management
- Inventory Mgt. & Warehouse Mgt.
- Inventory Types
- Why keep inventory?
- Inventory & Investment Risks
- Inventory Management Cycle
- Materials Flow
- Planning
- Inventory Control as Competitive advantage
- Inventory Classification
- Investment Efficiency Criteria in Inventory Mgt.
- Improving Inventory Mgt. Efficiency & Effectiveness
- Overstock
- 20/80
- Warehouses
- Warehouse Operations (Inventory)
- Data in Warehouse
- Warehouse / Receiving Items
- Cross Docking
- Issuing materials
- Inventory Costs (warehousing)
- Forecasting
- Inventory Calculations (Demand Mgt.)
- EOQ (stock levels – lead time – total elapsed time)
- ROP
- LSWR
- Inventory Mgt. Accuracy
- Stocking and Re-Stocking
- Inventory Solutions
- Inaccuracy Reasons
- Purchasing Methods
- Price Agreements
- JIT
- How do we order?
- KPI’s
- Inventory Check
- Inventory Lifecycle
- Coding
- Standardization
- Commodities
- MESC
- Inventory Mgt. Audit
- Inventory Mgt. Reports