Inventory Operations Master Class

Participants will be able to:Comply with organisational inventory management systems and procedures; Identify and contribute to the implementation of improvements in organisational inventory management systems and procedures; Carry out demand capture actions; Calculate forecast demand; Locate and analyse information on product availability and lead times; Undertake stock-out risk analysis and produce a schedule of stock trends; Set stock levels and re-order points and determine items to be stocked; Check and analyse usage history, adjust stock levels and amend the stock model; Monitor and analyse records of receipt and inspection of supplies; Assess supplier performance and input to vendor rating system; Monitor and maintain stock movement; Audit stock levels and stock inventories; Update, analyse, verify and reconcile stock records; Agree inventory performance indicators and performance levels with user customers; and Produce and issue reports on inventory management performance.

Function of inventory management; Stock control; and Inventory management performance.

One trip.

Completion may count towards the Certificate in Logistics and Transport

Includes course classroom instruction and materials. Assumes attendance of up to 12 participants.

Fee may be negotiated based on company requirements and number of participants. Quoted fee based on 12 participants per course.

This course is only offered face to face upon request by a company or organization.