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Advanced Inventory Planning and Stock Control

London Corporate Training Ltd
Course summary
2 weeks
Worldwide
Next available date: Request information - Worldwide
Corporate Training for Teams

Training Course Content

This Inventory Planning and Control course will cover:

Fundamentals of Inventory Management

  • Inventory management essentials
  • Profit through inventory management
  • Inventory management and customer service
  • Analysing the requirements
  • Setting inventory management parameters

Replenishment Policies and Inventory Planning

  • Replenishment or Reordering
  • Continuous and periodic reviews
  • Order quantity and Order up-to level
  • Inventory planning
  • Inventory optimisation

Stock Identification and Recording Procedures

  • Receipts and issues of stock
  • Order quantities and rules
  • Stocktaking and different types of stockholding
  • Safety stock
  • Obsolescence and write-offs - methods and procedures for disposal of surplus and unserviceable items

Inventory Control

  • Cost effectivity of stock holding
  • Managing and controlling stock
  • Just In Time management
  • Practical methods of reducing stockholding
  • Setting and maintaining the right stock levels

Strategic Management of Inventory and all types of Stock

  • Inventory classification and audits - ABC Analysis or the 80/20 rule
  • Implementing leading edge strategies – MRP, JIT, Kaizen, and Kanban
  • Effective forecasting and peak demand planning
  • Inventory cost reduction techniques
  • Effectively managing inventory risk

Stock Identification and Recording Procedures

  • The role of the warehouse in the modern supply chain
  • The organisational structure of a warehouse
  • Factors determining the location and number of warehouses
  • Warehouse design
  • Different types of warehousing

Management strategies involved in creating an efficient warehouse

  • Implementing a dynamic warehouse management system
  • Enterprise Resource Planning
  • On Time Complete and On Time Delivery methods
  • Floor loads and floors stocks
  • Order fulfilment and fill rates

Managing People, Resources, Performance, Health and Safety

  • The role of the warehouse manager
  • People management
  • Resource planning
  • Performance management
  • Health and safety

Inventory Improvements and the Supply Chain

  • The supply chain and the theory of constraints
  • Supply chain process mapping
  • Saw tooth curve
  • Using the Economic Order Quantity (EOQ) graph to find improvements
  • Inventory in the distribution network

Why choose London Corporate Training Ltd

We have trained over 2,500 delegates from almost 600 client organisations

Complimentary Heathrow transfer (one-way)

Endorsed by various organisational and subject specific accrediting bodies

Expenses

The cost of this in-house varies based on number of participants, location and other factors. Request information for a training quote

About provider

London Corporate Training - Professional Training Courses

London Corporate Training have been established in the education, consulting and training industries for two decades. They work as a training team from their head office in London and aim to ensure all of their course participants receive the highest...


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Contact info

London Corporate Training Ltd

London Corporate Training
3 Shortlands, Hammersmith
W6 8DA London

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www.lct.co.uk


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