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More about Inventory Management Training Courses

What does Inventory management entail?

The main objective of inventory management is to prevent inventory levels becoming too high, resulting in more stock than what is being demanded from customers. On the reverse factor, inventory management also aims to prevent unit levels becoming so low that the integrity of the company could be jeopardised. Cost factor is also taken into consideration throughout any competent inventory management techniques too. This includes the value of the goods themselves, plus the tax burden that is synonymous with the value of any profitable inventory.

Inventory management training courses available in the UK and abroad

While many of the training courses in inventory management are based in London, there are a great deal based nationwide and in other parts of the world with high demand for inventory management programmes - including the Middle East, Asia, Americas. Some of these training courses are worldwide and can be undertaken in any major city.

Flexible ways to complete an inventory management course

The inventory management roster is also occupied with a number of distance learning training courses.Suitable for professionals wishing to expand their knowledge in this sector and advance within their chosen career paths, inventory management training courses will tackle a number of different areas. Delegates can choose from courses that teach how to develop and implement an effective inventory managements plans. Other courses covering inventory management include Inventory Control Techniques and Effective Storekeeping.

What's typically covered by inventory planning and control courses?

Some of these training schemes only last for a single day, however they are designed to be compact and deliver easy to digest nuggets of useful information. Basic inventory management training courses will include modules on some of the most common control techniques used in the industry, common pitfalls and how to deter from them, stock levels and how to forecast and monitor them. Values and associated costs are also a part of these training courses and delegates will also learn about calculating control parameters. Participants of inventory management training schemes will also discover what constitutes effective monitoring as all as the interrelationship between customer service, stock levels and the frequency of ordering.

How is the training delivered?

All of the training courses include essential materials and learning resources such as comprehensive literature and any mandatory pieces of software that may be used. All delegates will have a reasonable level of access to lecturer support and many of these training courses offer online forums for participants to communicate with each other and their lecturers. Lunch is often included in the price and refreshments are provided throughout the day. Discounts are also available for a number of these courses during certain times of the year and for group bookings.

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Case Study
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CIPS Corporate Academy for Aerospace and Defence has helped BAE Systems create a new generation of procurement professionals ready to reshape the way the company approaches purchasing, providing:

  • raised professional procurement standards across a whole sector;
  • £200,000 saved in delegate fees to date;
  • reduced time away from the office for training;
  • decreased project management costs.
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