Training on Inventory Management
Inventory management refers to the process of tracking and controlling the amount of goods or products available in the warehouse or store enabling you to succeed in having the right number of units in the right place, at the right time and for the right value or purpose.
Enhanced inventory control leads to improved performance, inventory managers play a key role in controlling and managing materials, products and any other physical merchandise required by the organization. Effective inventory management facilitates improvedĀ efficiency,Ā while poor management can bring operations to a grinding halt.
This training on inventory management is aimed at equipping the participants with the knowledge and skills on inventory management techniques to improve stock distribution and efficiency in warehouse operations.
TargetĀ Participants
Training on inventory management course is designed for professionals in inventory control and management, warehousing, logistics, supply chain management and demand & supply planning.
Course Duration
OnlineĀ Ā Ā 7 Days
Classroom-basedĀ Ā Ā 5 Days
WhatĀ youĀ willĀ learnĀ Ā
ByĀ theĀ endĀ ofĀ thisĀ trainingĀ theĀ participantsĀ willĀ beĀ ableĀ to gain skills on:
- Understanding the importance of inventory & the role it plays in the smooth operation of the organization
- Understanding the appropriate method for managing inventory stock
- Identifying the value chain in inventory management
- Applying best methods to safeguard the investments in inventory management
- Examining the appropriate inventory management technique for each type of goods and products
Main Topics Covered
- Introduction to Inventory Management
- Inventory Management Stock
- Inventory in the Value Chain
- Demand Planning
- Forecasting
- Inventory Recording
- Inventory Accounting
- Automated Inventory Management
- Inventory Management Techniques
- Systems Performance Measurement
- Inventory Risk and Mitigation