Professional Training

Advanced Inventory Planning and Stock Control

London Corporate Training, In London (+1 locations)
Length
10 days
Price
6,450 GBP excl. VAT
Next course start
Enquire for more information See details
Course delivery
Virtual Classroom
Length
10 days
Price
6,450 GBP excl. VAT
Next course start
Enquire for more information See details
Course delivery
Virtual Classroom
Leave your details so the provider can get in touch

Course description

Advanced Inventory Planning and Stock Control

Upcoming start dates

1 start date available

Enquire for more information

  • Virtual Classroom
  • Online

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

We have trained over 25,000 delegates from almost 500 client organisations

Highly qualified and experienced trainers who offer a unique learning experience tailored to you

Endorsed by various organisational and subject specific accrediting bodies

Expenses

Please contact us for more information on pricing.

Request info

Contact course provider

Fill out your details to find out more about Advanced Inventory Planning and Stock Control.

  Contact the provider

  Get more information

  Register your interest

Country *

reCAPTCHA logo This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
London Corporate Training
London Corporate Training
3 Shortlands, Hammersmith
W6 8DA London

London Corporate Training - High value, high impact training programmes delivered globally to teams and individuals For almost 30 years LCT has delivered tangible improvements to organisations by enabling their leaders, managers and professionals to reach their full potential through...

Read more and show all courses with this provider

Ads