Book with Confidence: If your plans change, go virtual, come later on, or get a full refund.
Dismiss

Inventory Planning and Stock Control – Level 1

Course Information:

Venue:Duration:Date:Price:
Online 12 hours Flexi-date£1,750.00
In-House Agreed with client FlexiblePOA
London 5 days 18-Apr£3,500.00
London 5 days 15-Aug£3,500.00

REGISTER NOW

    Please ensure you fill out all fields








    With your permission, we would also like to keep you updated about programs and/or services similar to the one you are enquiring about as well as special offers, L&D updates and content to help you with your ongoing learning and development. If this is okay please tick the box below

    Subscribe to our newsletter

    Your personal details are very important to us and we only use them for admin reasons only, unless you have asked to receive our newsletter and marketing. This is in accordance with our Privacy Policy

    LCT 2022 Brochure
    DOWNLOAD NOW
    LCT 2022 Brochure
    DOWNLOAD NOW

    Who should attend?

    • Warehouse managers
    • Procurement and purchasing professionals
    • Operational managers
    • General Managers of SME
    • Entrepreneurs
    • Supply chain specialists

    Accreditations

    Outcomes

    • Eliminate wasteful activities/costs
    • Effectively record, manage and measure inventory costs
    • Apply: MRP, JIT, Kaizen, Kanban strategies
    • Maintain stores accounting
    • Optimise resource planning and overall efficiency
    • Establish effective inventory management controls
    • Reduce costs of inventory obsolescence
    • Improve record-keeping accuracy

    COURSE TOPICS:

    Fundamentals of Inventory Management

    • Inventory management essentials
    • Profit through inventory management
    • Inventory management and customer service
    • Analysing the requirements
    • Setting inventory management parameters

    Replenishment Policies and Inventory Planning

    • Replenishment or Reordering
    • Continuous and periodic reviews
    • Order quantity and Order up-to level
    • Inventory planning
    • Inventory optimisation

    Stock Identification and Recording Procedures

    • Receipts and issues of stock
    • Order quantities and rules
    • Stocktaking and different types of stockholding
    • Safety stock
    • Obsolescence and write-offs – methods and procedures for disposal of surplus and unserviceable items

    Inventory Control

    • Cost effectivity of stock holding
    • Managing and controlling stock
    • Just In Time management
    • Practical methods of reducing stockholding
    • Setting and maintaining the right stock levels

    Strategic Management of Inventory and all types of Stock

    • Inventory classification and audits – ABC Analysis or the 80/20 rule
    • Implementing leading edge strategies – MRP, JIT, Kaizen, and Kanban
    • Effective forecasting and peak demand planning
    • Inventory cost reduction techniques
    • Effectively managing inventory risk





    × Available on SundayMondayTuesdayWednesdayThursdayFridaySaturday