Inventory Planning Master Class

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.

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

One trip.

N/A

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.