Inventory management
COURSE OUTLINE
Inventories are an integral part of every logistics system that plays a vital role in providing a desired level of customer service at the lowest possible total cost. This course is focused on understanding how to efficiently provide the inventory necessary for good customer service while minimizing the inventory resulting from poor supply chain management. At the end of this course attendees will have learned the following
- How to increase inventory accuracy
- How to optimize the inventory cost in terms of stockholding cost and overall value
- How to calculate safety stock, reorder points, and order quantities
- How to measure the performance of an inventory in terms of cost, time, quality and safety
- How to keep the cost and stock levels on a reasonable level
Target audience
This course is designed for all people involved in inventory management activities such as
- Inventory managers & analysts
- Supply chain engineers and analysts
- Inventory planners and analysts
- Manufacturing & process engineers
- Industrial engineers
- Sales & customer service
Coverage
- Bottom-line impact and levers: Net cash network capital
- Classification of inventories
- ABC – XYZ method
- Inventory quality ratio
- Economic order quantity & reorder points
- Inventory control
Languages & Duration
- English
- Mandarin
- German
One (1) day and more