/  Inventory Management And Purchasing Skills Training

Inventory Management And Purchasing Skills Training

BMC Training provides a training course in Inventory Management And Purchasing Skills in Warehouse , Logistics , Supply Chain and Inventory

Course Title
Venue
Start Date
End Date
  • Dubai
    5 - 6 - 2022
    9 - 6 - 2022
  • Paris
    5 - 6 - 2022
    9 - 6 - 2022
  • London
    12 - 6 - 2022
    16 - 6 - 2022
  • Madrid
    12 - 6 - 2022
    16 - 6 - 2022
  • Berlin
    12 - 6 - 2022
    16 - 6 - 2022
  • Kuala Lumpur
    19 - 6 - 2022
    23 - 6 - 2022
  • Rome
    19 - 6 - 2022
    23 - 6 - 2022
  • Barcelona
    19 - 6 - 2022
    23 - 6 - 2022
  • Zurich
    19 - 6 - 2022
    23 - 6 - 2022
  • Istanbul
    26 - 6 - 2022
    30 - 6 - 2022
  • Dubai
    3 - 7 - 2022
    7 - 7 - 2022
  • Paris
    3 - 7 - 2022
    7 - 7 - 2022
  • Dubai
    10 - 7 - 2022
    14 - 7 - 2022
  • Paris
    10 - 7 - 2022
    14 - 7 - 2022
  • London
    10 - 7 - 2022
    14 - 7 - 2022
  • Madrid
    10 - 7 - 2022
    14 - 7 - 2022
  • Berlin
    10 - 7 - 2022
    14 - 7 - 2022
  • Kuala Lumpur
    10 - 7 - 2022
    14 - 7 - 2022
  • Rome
    10 - 7 - 2022
    14 - 7 - 2022
  • Barcelona
    10 - 7 - 2022
    14 - 7 - 2022
  • Zurich
    10 - 7 - 2022
    14 - 7 - 2022
  • Dubai
    17 - 7 - 2022
    21 - 7 - 2022
  • Paris
    17 - 7 - 2022
    21 - 7 - 2022
  • London
    17 - 7 - 2022
    21 - 7 - 2022
  • Madrid
    17 - 7 - 2022
    21 - 7 - 2022
  • Berlin
    17 - 7 - 2022
    21 - 7 - 2022
  • Kuala Lumpur
    17 - 7 - 2022
    21 - 7 - 2022
  • Rome
    17 - 7 - 2022
    21 - 7 - 2022
  • Barcelona
    17 - 7 - 2022
    21 - 7 - 2022
  • Zurich
    17 - 7 - 2022
    21 - 7 - 2022
  • Kuala Lumpur
    24 - 7 - 2022
    28 - 7 - 2022
  • Rome
    24 - 7 - 2022
    28 - 7 - 2022
  • Barcelona
    24 - 7 - 2022
    28 - 7 - 2022
  • Zurich
    24 - 7 - 2022
    28 - 7 - 2022
  • London
    7 - 8 - 2022
    11 - 8 - 2022
  • Madrid
    7 - 8 - 2022
    11 - 8 - 2022
  • Berlin
    7 - 8 - 2022
    11 - 8 - 2022
  • Kuala Lumpur
    14 - 8 - 2022
    18 - 8 - 2022
  • Rome
    14 - 8 - 2022
    18 - 8 - 2022
  • Barcelona
    14 - 8 - 2022
    18 - 8 - 2022
  • Zurich
    14 - 8 - 2022
    18 - 8 - 2022
  • Istanbul
    21 - 8 - 2022
    25 - 8 - 2022
  • Dubai
    28 - 8 - 2022
    1 - 9 - 2022
  • Paris
    28 - 8 - 2022
    1 - 9 - 2022
  • Dubai
    4 - 9 - 2022
    8 - 9 - 2022
  • Paris
    4 - 9 - 2022
    8 - 9 - 2022
  • London
    4 - 9 - 2022
    8 - 9 - 2022
  • Madrid
    4 - 9 - 2022
    8 - 9 - 2022
  • Berlin
    4 - 9 - 2022
    8 - 9 - 2022
  • Kuala Lumpur
    4 - 9 - 2022
    8 - 9 - 2022
  • Rome
    4 - 9 - 2022
    8 - 9 - 2022
  • Barcelona
    4 - 9 - 2022
    8 - 9 - 2022
  • Zurich
    4 - 9 - 2022
    8 - 9 - 2022
  • Istanbul
    11 - 9 - 2022
    15 - 9 - 2022
  • Kuala Lumpur
    18 - 9 - 2022
    22 - 9 - 2022
  • Rome
    18 - 9 - 2022
    22 - 9 - 2022
  • Barcelona
    18 - 9 - 2022
    22 - 9 - 2022
  • Zurich
    18 - 9 - 2022
    22 - 9 - 2022
  • Dubai
    25 - 9 - 2022
    29 - 9 - 2022
  • Paris
    25 - 9 - 2022
    29 - 9 - 2022
  • Istanbul
    2 - 10 - 2022
    6 - 10 - 2022

Introduction

This course is a practical guide to inventory management for wholesale distributors and stores that supply "hard goods". It includes many formulas, tables and charts that cover all areas of inventory management. 

On completion of this course you should be able to: 

  • Deal with merchandise classification and selection, forecasting, safety stocks, replenishment, purchasing, promotions, forward buying, stock adjustments, and supply chain topics.
  • Apply various techniques that were used to manage inventories in the author's company for years.
  • Understand how to deal with thousands of different items and with very high service level requirement.
  • Illustrate the key points of the course through anecdotes and case histories.
  • Apply and use valuable blend of strong, proven mathematical techniques and real life examples and experiences.

Course Outline

  • Introduction to the automotive aftermarket
  • The shape of and size of auto parts inventories
  • Best practices for inventory control
  • Defining demand
  • Inventory classification
  • Selecting items for store and DC inventories
  • The benefit of short lead time
  • Item level forecasting
  • Regular items
  • Unusual items
  • Seasonal items
  • Promotion items
  • Forecasting summary
  • Item level order quantity
  • Lead time forecasting
  • Setting safety stock amounts
  • Establishing service level goals
  • Setting the best review time for product line orders
  • Establishing a schedule budget
  • Replenishment of stores
  • Replenishment purchasing for distribution centres
  • Forward buying
  • Alternate and superseded items
  • Stock adjustment process
  • Overstock identification and stock adjustments
  • Measuring performance
  • Logistics of multiple locations supplier performance reviews
  • The impact of inventory management on margin
  • Supply chain considerations
  • Conclusion and checklist

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