Inventory Planning Master Class

Overview

Course name Inventory Planning Master Class
Institution Logistics Learning Alliance
Location Online
Website www.logisticslearningalliance.com
Language English
Contact information

enquiry@logisticslearningalliance.com

Tel: 0800 1588231

Tel: +44 (0)1530 276590 / 276591

Fax: +44 (0)1530 276593

Details

Course objective

Demonstrate how inventory management can contribute to competitive advantage; Demonstrate how stockholding costs may be measured; Evaluate a differentiated stockholding strategy for different types of organisations; Apply appropriate techniques to plan the inventory requirements within a single site; Demonstrate the impact of different variables on stock levels through worked examples; Evaluate the value of traditional inventory models for different types of operations; Relate basic principles to modern systems; Demonstrate the importance of forecast accuracy on stock levels; Compare the effectiveness of modern systems against traditional inventory models at operational level; Develop a framework for the performance monitoring of an Inventory System; Evaluate how inventory strategy may change in response to increasing service requirements, broader product ranges and greater competition; Determine how stocks can be best allocated between sites within a distribution network; and Model different network scenarios.

Sector Other
General course topics One logistics function in great detail
Specific course topics

What is inventory management? Principles of inventory; Modern inventory systems; Managing inventory through a network.

Total time commitment 100
Focus commodity Any or other commodity
Commodities covered Course can be tailored to participants\' context.
Accredited Yes
Accredited by Chartered Institute of Logistics and Transport (UK)
Certificate name Not specified
Attendance mode Online
Attendance description

Online coaching with self learning from simulated situations on a disk, access to tutor through email or by phone, can arrange for face-to-face sessions at an additional cost.

Incentives No
Incentives description

N/A

Logistics Topics Coverage % (estimate) 100
Audience Practitioner
Pre-requisites Not Indicated
Course fee $1,379
Course fee description

Access to a UK based coach.

Discount available No
Course included in analysis No
Additional comments

Planning Master classes can be tailored to a specific context upon request