Course description
Inventory Planning and Stock Control - Level 1
Upcoming start dates
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
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.
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...
Request info
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...
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...