Professional Training
4.3 (3 Reviews)

Inventory Planning and Stock Control - Level 1

LCT International, In London (+2 locations)
Length
5 days
Price
4,250 GBP excl. VAT
Next course start
12 August, 2024 (+3 start dates)
Course delivery
Classroom, Virtual Classroom
Length
5 days
Price
4,250 GBP excl. VAT
Next course start
12 August, 2024 (+3 start dates)
Course delivery
Classroom, Virtual Classroom
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Course description

Inventory Planning and Stock Control - Level 1

Upcoming start dates

Choose between 3 start dates

12 August, 2024

  • Classroom
  • London

Inquire for more information.

  • Classroom
  • United Kingdom

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  • Virtual Classroom
  • Online

Training Course Content

This Inventory Planning and Stock 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

Why choose LCT International

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

Reviews

Average rating 4.3

Based on 3 reviews.
Reviews are published according to our review policy.
Write a review!
4/5
Dan Alinange Kitakule, Head of Corporate Communications, Uganda National Roads Authority, Uganda
17 Jun 2013
All the trainers challenged us to come out with our best and also to improve on our shortcomings

All the trainers challenged us to come out with our best and also to improve on our shortcomings. Excellent administrative work done. Customer service personnel were always read...

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5/5
Oladapo A. Obisesan, Head of Public Affairs / Protocol, National Industrial Court of Nigeria, Nigeria
03 Jun 2013
The consultant is excellent

The consultant is excellent. His knowledge of the subject is very good. He has a very good sense of humour and personalises the training. In all, he is a very very good trainer.

4/5
Fadi Boufarhat, Director, JLW Middle East, UAE
03 Jun 2013
All the trainers challenged us to come out with our best and also to improve on our shortcomings

All the trainers challenged us to come out with our best and also to improve on our shortcomings. Excellent administrative work done. Customer service personnel were always read...

Show more

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LCT International
London Corporate Training
3 Shortlands, Hammersmith
W6 8DA London

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

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