/  Best Practices In Inventory Management Training

Best Practices In Inventory Management Training

BMC Training provides a training course in Best Practices In Inventory Management in Warehouse , Logistics , Supply Chain and Inventory

Course Title
Venue
Start Date
End Date
  • London
    21 - 10 - 2018
    2 - 11 - 2018
  • Madrid
    21 - 10 - 2018
    2 - 11 - 2018
  • Munich
    21 - 10 - 2018
    2 - 11 - 2018
  • Berlin
    21 - 10 - 2018
    2 - 11 - 2018
  • Kuala Lumpur
    7 - 10 - 2018
    25 - 10 - 2018
  • Rome
    7 - 10 - 2018
    25 - 10 - 2018
  • Barcelona
    7 - 10 - 2018
    25 - 10 - 2018
  • Zurich
    7 - 10 - 2018
    25 - 10 - 2018
  • Istanbul
    7 - 10 - 2018
    25 - 10 - 2018
  • Bali
    7 - 10 - 2018
    25 - 10 - 2018
  • Singapore
    7 - 10 - 2018
    25 - 10 - 2018
  • Dubai
    14 - 10 - 2018
    1 - 11 - 2018
  • Paris
    14 - 10 - 2018
    1 - 11 - 2018
  • Hong Kong
    14 - 10 - 2018
    1 - 11 - 2018
  • Dubai
    18 - 11 - 2018
    6 - 12 - 2018
  • Paris
    18 - 11 - 2018
    6 - 12 - 2018
  • Hong Kong
    18 - 11 - 2018
    6 - 12 - 2018
  • Kuala Lumpur
    25 - 11 - 2018
    13 - 12 - 2018
  • Rome
    25 - 11 - 2018
    13 - 12 - 2018
  • Barcelona
    25 - 11 - 2018
    13 - 12 - 2018
  • Zurich
    25 - 11 - 2018
    13 - 12 - 2018
  • Istanbul
    4 - 11 - 2018
    22 - 11 - 2018
  • Bali
    4 - 11 - 2018
    22 - 11 - 2018
  • Singapore
    4 - 11 - 2018
    22 - 11 - 2018
  • London
    11 - 11 - 2018
    29 - 11 - 2018
  • Madrid
    11 - 11 - 2018
    29 - 11 - 2018
  • Munich
    11 - 11 - 2018
    29 - 11 - 2018
  • Berlin
    11 - 11 - 2018
    29 - 11 - 2018
  • London
    16 - 12 - 2018
    3 - 1 - 2019
  • Madrid
    16 - 12 - 2018
    3 - 1 - 2019
  • Munich
    16 - 12 - 2018
    3 - 1 - 2019
  • Berlin
    16 - 12 - 2018
    3 - 1 - 2019
  • Kuala Lumpur
    23 - 12 - 2018
    10 - 1 - 2019
  • Rome
    23 - 12 - 2018
    10 - 1 - 2019
  • Barcelona
    23 - 12 - 2018
    10 - 1 - 2019
  • Zurich
    23 - 12 - 2018
    10 - 1 - 2019
  • Istanbul
    2 - 12 - 2018
    20 - 12 - 2018
  • Bali
    2 - 12 - 2018
    20 - 12 - 2018
  • Singapore
    2 - 12 - 2018
    20 - 12 - 2018
  • Dubai
    9 - 12 - 2018
    27 - 12 - 2018
  • Paris
    9 - 12 - 2018
    27 - 12 - 2018
  • Hong Kong
    9 - 12 - 2018
    27 - 12 - 2018
  • Dubai
    27 - 1 - 2019
    14 - 2 - 2019
  • Paris
    27 - 1 - 2019
    14 - 2 - 2019
  • Hong Kong
    27 - 1 - 2019
    14 - 2 - 2019
  • Kuala Lumpur
    20 - 1 - 2019
    7 - 2 - 2019
  • Rome
    20 - 1 - 2019
    7 - 2 - 2019
  • Barcelona
    20 - 1 - 2019
    7 - 2 - 2019
  • Zurich
    20 - 1 - 2019
    7 - 2 - 2019
  • Istanbul
    13 - 1 - 2019
    31 - 1 - 2019
  • Bali
    13 - 1 - 2019
    31 - 1 - 2019
  • Singapore
    13 - 1 - 2019
    31 - 1 - 2019
  • London
    6 - 1 - 2019
    24 - 1 - 2019
  • Madrid
    6 - 1 - 2019
    24 - 1 - 2019
  • Munich
    6 - 1 - 2019
    24 - 1 - 2019
  • Berlin
    6 - 1 - 2019
    24 - 1 - 2019
  • London
    24 - 2 - 2019
    14 - 3 - 2019
  • Madrid
    24 - 2 - 2019
    14 - 3 - 2019
  • Munich
    24 - 2 - 2019
    14 - 3 - 2019
  • Berlin
    24 - 2 - 2019
    14 - 3 - 2019
  • Kuala Lumpur
    17 - 2 - 2019
    7 - 3 - 2019
  • Rome
    17 - 2 - 2019
    7 - 3 - 2019
  • Barcelona
    17 - 2 - 2019
    7 - 3 - 2019
  • Zurich
    17 - 2 - 2019
    7 - 3 - 2019
  • Istanbul
    10 - 2 - 2019
    28 - 2 - 2019
  • Bali
    10 - 2 - 2019
    28 - 2 - 2019
  • Singapore
    10 - 2 - 2019
    28 - 2 - 2019
  • Dubai
    3 - 2 - 2019
    21 - 2 - 2019
  • Paris
    3 - 2 - 2019
    21 - 2 - 2019
  • Hong Kong
    3 - 2 - 2019
    21 - 2 - 2019
  • Dubai
    17 - 3 - 2019
    4 - 4 - 2019
  • Paris
    17 - 3 - 2019
    4 - 4 - 2019
  • Hong Kong
    17 - 3 - 2019
    4 - 4 - 2019
  • Kuala Lumpur
    10 - 3 - 2019
    28 - 3 - 2019
  • Rome
    10 - 3 - 2019
    28 - 3 - 2019
  • Barcelona
    10 - 3 - 2019
    28 - 3 - 2019
  • Zurich
    10 - 3 - 2019
    28 - 3 - 2019
  • Istanbul
    3 - 3 - 2019
    21 - 3 - 2019
  • Bali
    3 - 3 - 2019
    21 - 3 - 2019
  • Singapore
    3 - 3 - 2019
    21 - 3 - 2019
  • London
    24 - 3 - 2019
    11 - 4 - 2019
  • Madrid
    24 - 3 - 2019
    11 - 4 - 2019
  • Munich
    24 - 3 - 2019
    11 - 4 - 2019
  • Berlin
    24 - 3 - 2019
    11 - 4 - 2019
  • London
    28 - 4 - 2019
    16 - 5 - 2019
  • Madrid
    28 - 4 - 2019
    16 - 5 - 2019
  • Munich
    28 - 4 - 2019
    16 - 5 - 2019
  • Berlin
    28 - 4 - 2019
    16 - 5 - 2019
  • Kuala Lumpur
    14 - 4 - 2019
    2 - 5 - 2019
  • Rome
    14 - 4 - 2019
    2 - 5 - 2019
  • Barcelona
    14 - 4 - 2019
    2 - 5 - 2019
  • Zurich
    14 - 4 - 2019
    2 - 5 - 2019
  • Istanbul
    14 - 4 - 2019
    2 - 5 - 2019
  • Bali
    14 - 4 - 2019
    2 - 5 - 2019
  • Singapore
    14 - 4 - 2019
    2 - 5 - 2019
  • Dubai
    21 - 4 - 2019
    9 - 5 - 2019
  • Paris
    21 - 4 - 2019
    9 - 5 - 2019
  • Hong Kong
    21 - 4 - 2019
    9 - 5 - 2019
  • Dubai
    12 - 5 - 2019
    30 - 5 - 2019
  • Paris
    12 - 5 - 2019
    30 - 5 - 2019
  • Hong Kong
    12 - 5 - 2019
    30 - 5 - 2019
  • Kuala Lumpur
    5 - 5 - 2019
    23 - 5 - 2019
  • Rome
    5 - 5 - 2019
    23 - 5 - 2019
  • Barcelona
    5 - 5 - 2019
    23 - 5 - 2019
  • Zurich
    5 - 5 - 2019
    23 - 5 - 2019
  • Istanbul
    19 - 5 - 2019
    6 - 6 - 2019
  • Bali
    19 - 5 - 2019
    6 - 6 - 2019
  • Singapore
    19 - 5 - 2019
    6 - 6 - 2019
  • London
    26 - 5 - 2019
    13 - 6 - 2019
  • Madrid
    26 - 5 - 2019
    13 - 6 - 2019
  • Munich
    26 - 5 - 2019
    13 - 6 - 2019
  • Berlin
    26 - 5 - 2019
    13 - 6 - 2019
  • London
    9 - 6 - 2019
    27 - 6 - 2019
  • Madrid
    9 - 6 - 2019
    27 - 6 - 2019
  • Munich
    9 - 6 - 2019
    27 - 6 - 2019
  • Berlin
    9 - 6 - 2019
    27 - 6 - 2019
  • Kuala Lumpur
    16 - 6 - 2019
    4 - 7 - 2019
  • Rome
    16 - 6 - 2019
    4 - 7 - 2019
  • Barcelona
    16 - 6 - 2019
    4 - 7 - 2019
  • Zurich
    16 - 6 - 2019
    4 - 7 - 2019
  • Istanbul
    23 - 6 - 2019
    11 - 7 - 2019
  • Bali
    23 - 6 - 2019
    11 - 7 - 2019
  • Singapore
    23 - 6 - 2019
    11 - 7 - 2019
  • Dubai
    2 - 6 - 2019
    20 - 6 - 2019
  • Paris
    2 - 6 - 2019
    20 - 6 - 2019
  • Hong Kong
    2 - 6 - 2019
    20 - 6 - 2019
  • Dubai
    7 - 7 - 2019
    25 - 7 - 2019
  • Paris
    7 - 7 - 2019
    25 - 7 - 2019
  • Hong Kong
    7 - 7 - 2019
    25 - 7 - 2019
  • Kuala Lumpur
    14 - 7 - 2019
    1 - 8 - 2019
  • Rome
    14 - 7 - 2019
    1 - 8 - 2019
  • Barcelona
    14 - 7 - 2019
    1 - 8 - 2019
  • Zurich
    14 - 7 - 2019
    1 - 8 - 2019
  • Istanbul
    21 - 7 - 2019
    8 - 8 - 2019
  • Bali
    21 - 7 - 2019
    8 - 8 - 2019
  • Singapore
    21 - 7 - 2019
    8 - 8 - 2019
  • London
    28 - 7 - 2019
    15 - 8 - 2019
  • Madrid
    28 - 7 - 2019
    15 - 8 - 2019
  • Munich
    28 - 7 - 2019
    15 - 8 - 2019
  • Berlin
    28 - 7 - 2019
    15 - 8 - 2019
  • London
    4 - 8 - 2019
    22 - 8 - 2019
  • Madrid
    4 - 8 - 2019
    22 - 8 - 2019
  • Munich
    4 - 8 - 2019
    22 - 8 - 2019
  • Berlin
    4 - 8 - 2019
    22 - 8 - 2019
  • Kuala Lumpur
    11 - 8 - 2019
    29 - 8 - 2019
  • Rome
    11 - 8 - 2019
    29 - 8 - 2019
  • Barcelona
    11 - 8 - 2019
    29 - 8 - 2019
  • Zurich
    11 - 8 - 2019
    29 - 8 - 2019
  • Istanbul
    18 - 8 - 2019
    5 - 9 - 2019
  • Bali
    18 - 8 - 2019
    5 - 9 - 2019
  • Singapore
    18 - 8 - 2019
    5 - 9 - 2019
  • Dubai
    25 - 8 - 2019
    12 - 9 - 2019
  • Paris
    25 - 8 - 2019
    12 - 9 - 2019
  • Hong Kong
    25 - 8 - 2019
    12 - 9 - 2019
  • Dubai
    22 - 9 - 2019
    10 - 10 - 2019
  • Paris
    22 - 9 - 2019
    10 - 10 - 2019
  • Hong Kong
    22 - 9 - 2019
    10 - 10 - 2019
  • Kuala Lumpur
    1 - 9 - 2019
    19 - 9 - 2019
  • Rome
    1 - 9 - 2019
    19 - 9 - 2019
  • Barcelona
    1 - 9 - 2019
    19 - 9 - 2019
  • Zurich
    1 - 9 - 2019
    19 - 9 - 2019
  • Istanbul
    8 - 9 - 2019
    26 - 9 - 2019
  • Bali
    8 - 9 - 2019
    26 - 9 - 2019
  • Singapore
    8 - 9 - 2019
    26 - 9 - 2019
  • London
    15 - 9 - 2019
    3 - 10 - 2019
  • Madrid
    15 - 9 - 2019
    3 - 10 - 2019
  • Munich
    15 - 9 - 2019
    3 - 10 - 2019
  • Berlin
    15 - 9 - 2019
    3 - 10 - 2019

Introduction

Good management of inventory enables companies to improve their customer service, cash flow and profitability. 'Best Practices in Inventory Management' outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to produce the desired effect in practice.

On completion of this course you should be able to: 

  • Understand how inventory management techniques can be used in a wide variety of situations, particularly in stores where the inventory can be anything from fast moving products to slow moving spares.
  • Define and discuss distribution warehousing and manufacturers' operations.
  • Explore the inventory control aspects included in the courses for the DPIM, COM, DLM, CPIM and other professional and academic qualifications.
  • Develop their understanding of stock control by seeing the techniques explained logically.
  • Learn how inventory structuring, individual item control, forecasting and co-ordination provide the base for logistics management.

Course Outline

The basis of inventory control

  • The role of inventory management
  • Objectives for inventory control
  • Profit through inventory management
  • Reasons for the current stock

Customer service

  • Meeting customer requirements
  • Measuring availability
  • Demand management

Managing the inventory

  • Using Pareto analysis for control
  • Stock cover
  • Practical methods for reducing stockholding
  • The approach – how to reduce stocks successfully

Just-in-time management

  • The zero inventory philosophy
  • JIT environment
  • Advantages of JIT
  • Stock control using JIT

Organization and management

  • Where stock control fits into the organiztion
  • Responsibilities
  • And targets
  • Inventory valuation
  • Skills and systems

Safety stocks

  • Learning from history
  • Normal demand patterns
  • Evaluation of safety stocks

Setting the right stock levels

  • Simple assessment of review levels
  • Managing lead times
  • Target stock levels

The changing role of purchasing

  • Modern supply practice
  • Supply partnerships
  • The ordering process
  • Order quantities
  • Purchasing processes

Forecasting demand

  • Options for assessing demand
  • Causes of forecasting techniques
  • Methods of improving forecasts

Historical forecasting techniques

  • Basic forecasting techniques
  • Weighted averages
  • Choosing the best forecast
  • Monitoring forecasts

Advanced forecasting methods

  • More forecasting tools
  • Forecasting for seasonal sales
  • Other methods

Material requirements planning – an alternative to forecasting

  • Avoiding uncertainty
  • Material requirements planning
  • Master planning
  • Batch sizes

The future – inventory and logistics

  • The basis of the lean supply chain
  • Logistics
  • Review

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