Inventory planning and stock control (Online)
- Description
- Curriculum
- Reviews
Introduction:
The ability to effectively manage has a major impact on supply chain performance and the resultant cost to serve profile. Poor inventory decisions will result in costs being increased or customers being let down. Getting the balance right requires skilful application of inventory management techniques.
This course is an intensive three day course, for those who want to understand and implement the essential tools for managing inventory in the supply chain.
Objectives:
- 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
FUNDAMENTALS OF INVENTORY MANAGEMENT
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1• Inventory management essentials
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2• Profit through inventory management
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3• Inventory management and customer service
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4• Analysing the requirements
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5• Setting inventory management parameters
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6• Replenishment or Reordering
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7• Continuous and periodic reviews
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8• Order quantity and Order up-to level
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9• Inventory planning
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10• Inventory optimization
STOCK IDENTIFICATION AND RECORDING PROCEDURES
INVENTORY CONTROL
STRATEGIC MANAGEMENT OF INVENTORY AND ALL TYPES OF STOCK
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