The ability to effectively manage has a major impact on supply chain performance and the resultant cost to serve profile. Poor inventory decisions will result in costs being increased or customers being let down. Getting the balance right requires skillful application of inventory management techniques.
This course is an intensive three day course, for those who want to understand and implement the essential tools for managing inventory in the supply chain.
Participants are shown how to evaluate procedures and make needed changes to methods to improve customer service whilst achieving reductions in inventory; eliminate wasteful costs; avoid internal problems that limit performance; obtain added value for money.
By attending this highly informative course delegates will cover:
•The supply chain and how to manage the relationships and material flows in the chain
•Product classification and inventory costs and service for managing products & stock
•Replenishment methods and understanding how much stock one should hold
•Forecasting & stock control including demand forecasting, stock coding, stock recording and stock checking
•Models for planning inventory & improvements
