Inventory Management And Purchasing Skills Course

Acquire inventory management and purchasing skills. Join this course to understand strategies for optimizing inventory control, procurement processes, and supply chain operations. BMC Training offers Inventory Management And Purchasing Skills Course in Warehouse , Logistics , Supply Chain and Inventory Courses.

  • English
  • 176 Training Sessions
  • Confirmed
  • One Week
Inventory Management And Purchasing Skills Training Course

Detailed description for visually impaired users: The image presents a view of Inventory Management And Purchasing Skills Training Course

Type a city name or a month
Venue Start Date End Date Net Fees Details & Registration
Istanbul , Turkey 19 - May - 2024 23 - May - 2024 5550 GBP
Bali , Indonesia 19 - May - 2024 23 - May - 2024 8700 GBP
Singapore , Singapore 19 - May - 2024 23 - May - 2024 8400 GBP
Washington , United States 19 - May - 2024 23 - May - 2024 13500 GBP
Kuala Lumpur , Malaysia 26 - May - 2024 30 - May - 2024 5300 GBP
Rome , Italy 26 - May - 2024 30 - May - 2024 7900 GBP
Barcelona , Spain 26 - May - 2024 30 - May - 2024 8300 GBP
Zurich , Switzerland 26 - May - 2024 30 - May - 2024 8700 GBP
London , UK 9 - Jun - 2024 13 - Jun - 2024 5950 GBP
Madrid , Spain 9 - Jun - 2024 13 - Jun - 2024 7500 GBP
Munich , Germany 9 - Jun - 2024 13 - Jun - 2024 8900 GBP
Berlin , Germany 9 - Jun - 2024 13 - Jun - 2024 8300 GBP
New York , United States 9 - Jun - 2024 13 - Jun - 2024 12750 GBP
Amsterdam , Netherlands 9 - Jun - 2024 13 - Jun - 2024 9100 GBP
Kuala Lumpur , Malaysia 16 - Jun - 2024 20 - Jun - 2024 5300 GBP
Rome , Italy 16 - Jun - 2024 20 - Jun - 2024 7900 GBP
Barcelona , Spain 16 - Jun - 2024 20 - Jun - 2024 8300 GBP
Zurich , Switzerland 16 - Jun - 2024 20 - Jun - 2024 8700 GBP
Istanbul , Turkey 23 - Jun - 2024 27 - Jun - 2024 5550 GBP
Bali , Indonesia 23 - Jun - 2024 27 - Jun - 2024 8700 GBP
Singapore , Singapore 23 - Jun - 2024 27 - Jun - 2024 8400 GBP
Washington , United States 23 - Jun - 2024 27 - Jun - 2024 13500 GBP
Dubai , UAE 2 - Jun - 2024 6 - Jun - 2024 5722.5 GBP
Paris , France 2 - Jun - 2024 6 - Jun - 2024 7900 GBP
Hong Kong , Hong Kong 2 - Jun - 2024 6 - Jun - 2024 9100 GBP
Milan , Italy 9 - Jun - 2024 13 - Jun - 2024 7500 GBP
Tokyo , Japan 2 - Jun - 2024 6 - Jun - 2024 11500 GBP
Dubai , UAE 7 - Jul - 2024 11 - Jul - 2024 5722.5 GBP
Paris , France 7 - Jul - 2024 11 - Jul - 2024 7900 GBP
Hong Kong , Hong Kong 7 - Jul - 2024 11 - Jul - 2024 9100 GBP
Dubai , UAE 14 - Jul - 2024 18 - Jul - 2024 5722.5 GBP
Paris , France 14 - Jul - 2024 18 - Jul - 2024 7900 GBP
Hong Kong , Hong Kong 14 - Jul - 2024 18 - Jul - 2024 9100 GBP
Dubai , UAE 21 - Jul - 2024 25 - Jul - 2024 5722.5 GBP
Paris , France 21 - Jul - 2024 25 - Jul - 2024 7900 GBP
Hong Kong , Hong Kong 21 - Jul - 2024 25 - Jul - 2024 9100 GBP
Kuala Lumpur , Malaysia 28 - Jul - 2024 1 - Aug - 2024 5300 GBP
Rome , Italy 28 - Jul - 2024 1 - Aug - 2024 7900 GBP
Barcelona , Spain 28 - Jul - 2024 1 - Aug - 2024 8300 GBP
Zurich , Switzerland 28 - Jul - 2024 1 - Aug - 2024 8700 GBP
London , UK 14 - Jul - 2024 18 - Jul - 2024 5950 GBP
Madrid , Spain 14 - Jul - 2024 18 - Jul - 2024 7500 GBP
Munich , Germany 14 - Jul - 2024 18 - Jul - 2024 8900 GBP
Berlin , Germany 14 - Jul - 2024 18 - Jul - 2024 8300 GBP
New York , United States 14 - Jul - 2024 18 - Jul - 2024 12750 GBP
Amsterdam , Netherlands 14 - Jul - 2024 18 - Jul - 2024 9100 GBP
London , UK 21 - Jul - 2024 25 - Jul - 2024 5950 GBP
Madrid , Spain 21 - Jul - 2024 25 - Jul - 2024 7500 GBP
Munich , Germany 21 - Jul - 2024 25 - Jul - 2024 8900 GBP
Berlin , Germany 21 - Jul - 2024 25 - Jul - 2024 8300 GBP
New York , United States 21 - Jul - 2024 25 - Jul - 2024 12750 GBP
Amsterdam , Netherlands 21 - Jul - 2024 25 - Jul - 2024 9100 GBP
Kuala Lumpur , Malaysia 14 - Jul - 2024 18 - Jul - 2024 5300 GBP
Rome , Italy 14 - Jul - 2024 18 - Jul - 2024 7900 GBP
Barcelona , Spain 14 - Jul - 2024 18 - Jul - 2024 8300 GBP
Zurich , Switzerland 14 - Jul - 2024 18 - Jul - 2024 8700 GBP
Kuala Lumpur , Malaysia 21 - Jul - 2024 25 - Jul - 2024 5300 GBP
Rome , Italy 21 - Jul - 2024 25 - Jul - 2024 7900 GBP
Barcelona , Spain 21 - Jul - 2024 25 - Jul - 2024 8300 GBP
Zurich , Switzerland 21 - Jul - 2024 25 - Jul - 2024 8700 GBP
Tokyo , Japan 7 - Jul - 2024 11 - Jul - 2024 11500 GBP
Tokyo , Japan 14 - Jul - 2024 18 - Jul - 2024 11500 GBP
Tokyo , Japan 21 - Jul - 2024 25 - Jul - 2024 11500 GBP
Milan , Italy 14 - Jul - 2024 18 - Jul - 2024 7500 GBP
Milan , Italy 21 - Jul - 2024 25 - Jul - 2024 7500 GBP
London , UK 4 - Aug - 2024 8 - Aug - 2024 5950 GBP
Madrid , Spain 4 - Aug - 2024 8 - Aug - 2024 7500 GBP
Munich , Germany 4 - Aug - 2024 8 - Aug - 2024 8900 GBP
Berlin , Germany 4 - Aug - 2024 8 - Aug - 2024 8300 GBP
New York , United States 4 - Aug - 2024 8 - Aug - 2024 12750 GBP
Amsterdam , Netherlands 4 - Aug - 2024 8 - Aug - 2024 9100 GBP
Kuala Lumpur , Malaysia 11 - Aug - 2024 15 - Aug - 2024 5300 GBP
Rome , Italy 11 - Aug - 2024 15 - Aug - 2024 7900 GBP
Barcelona , Spain 11 - Aug - 2024 15 - Aug - 2024 8300 GBP
Zurich , Switzerland 11 - Aug - 2024 15 - Aug - 2024 8700 GBP
Istanbul , Turkey 18 - Aug - 2024 22 - Aug - 2024 5550 GBP
Bali , Indonesia 18 - Aug - 2024 22 - Aug - 2024 8700 GBP
Singapore , Singapore 18 - Aug - 2024 22 - Aug - 2024 8400 GBP
Washington , United States 18 - Aug - 2024 22 - Aug - 2024 13500 GBP
Dubai , UAE 25 - Aug - 2024 29 - Aug - 2024 5722.5 GBP
Paris , France 25 - Aug - 2024 29 - Aug - 2024 7900 GBP
Hong Kong , Hong Kong 25 - Aug - 2024 29 - Aug - 2024 9100 GBP
Milan , Italy 4 - Aug - 2024 8 - Aug - 2024 7500 GBP
Tokyo , Japan 25 - Aug - 2024 29 - Aug - 2024 11500 GBP
Dubai , UAE 22 - Sep - 2024 26 - Sep - 2024 5722.5 GBP
Paris , France 22 - Sep - 2024 26 - Sep - 2024 7900 GBP
Hong Kong , Hong Kong 22 - Sep - 2024 26 - Sep - 2024 9100 GBP
Dubai , UAE 1 - Sep - 2024 5 - Sep - 2024 5722.5 GBP
Paris , France 1 - Sep - 2024 5 - Sep - 2024 7900 GBP
Hong Kong , Hong Kong 1 - Sep - 2024 5 - Sep - 2024 9100 GBP
Istanbul , Turkey 8 - Sep - 2024 12 - Sep - 2024 5550 GBP
Bali , Indonesia 8 - Sep - 2024 12 - Sep - 2024 8700 GBP
Singapore , Singapore 8 - Sep - 2024 12 - Sep - 2024 8400 GBP
Washington , United States 8 - Sep - 2024 12 - Sep - 2024 13500 GBP
Kuala Lumpur , Malaysia 15 - Sep - 2024 19 - Sep - 2024 5300 GBP
Rome , Italy 15 - Sep - 2024 19 - Sep - 2024 7900 GBP
Barcelona , Spain 15 - Sep - 2024 19 - Sep - 2024 8300 GBP
Zurich , Switzerland 15 - Sep - 2024 19 - Sep - 2024 8700 GBP
London , UK 1 - Sep - 2024 5 - Sep - 2024 5950 GBP
Madrid , Spain 1 - Sep - 2024 5 - Sep - 2024 7500 GBP
Munich , Germany 1 - Sep - 2024 5 - Sep - 2024 8900 GBP
Berlin , Germany 1 - Sep - 2024 5 - Sep - 2024 8300 GBP
New York , United States 1 - Sep - 2024 5 - Sep - 2024 12750 GBP
Amsterdam , Netherlands 1 - Sep - 2024 5 - Sep - 2024 9100 GBP
Kuala Lumpur , Malaysia 1 - Sep - 2024 5 - Sep - 2024 5300 GBP
Rome , Italy 1 - Sep - 2024 5 - Sep - 2024 7900 GBP
Barcelona , Spain 1 - Sep - 2024 5 - Sep - 2024 8300 GBP
Zurich , Switzerland 1 - Sep - 2024 5 - Sep - 2024 8700 GBP
Tokyo , Japan 22 - Sep - 2024 26 - Sep - 2024 11500 GBP
Tokyo , Japan 1 - Sep - 2024 5 - Sep - 2024 11500 GBP
Milan , Italy 1 - Sep - 2024 5 - Sep - 2024 7500 GBP
London , UK 20 - Oct - 2024 24 - Oct - 2024 5950 GBP
Madrid , Spain 20 - Oct - 2024 24 - Oct - 2024 7500 GBP
Munich , Germany 20 - Oct - 2024 24 - Oct - 2024 8900 GBP
Berlin , Germany 20 - Oct - 2024 24 - Oct - 2024 8300 GBP
New York , United States 20 - Oct - 2024 24 - Oct - 2024 12750 GBP
Amsterdam , Netherlands 20 - Oct - 2024 24 - Oct - 2024 9100 GBP
Kuala Lumpur , Malaysia 27 - Oct - 2024 31 - Oct - 2024 5300 GBP
Rome , Italy 27 - Oct - 2024 31 - Oct - 2024 7900 GBP
Barcelona , Spain 27 - Oct - 2024 31 - Oct - 2024 8300 GBP
Zurich , Switzerland 27 - Oct - 2024 31 - Oct - 2024 8700 GBP
Istanbul , Turkey 6 - Oct - 2024 10 - Oct - 2024 5550 GBP
Bali , Indonesia 6 - Oct - 2024 10 - Oct - 2024 8700 GBP
Singapore , Singapore 6 - Oct - 2024 10 - Oct - 2024 8400 GBP
Washington , United States 6 - Oct - 2024 10 - Oct - 2024 13500 GBP
Dubai , UAE 13 - Oct - 2024 17 - Oct - 2024 5722.5 GBP
Paris , France 13 - Oct - 2024 17 - Oct - 2024 7900 GBP
Hong Kong , Hong Kong 13 - Oct - 2024 17 - Oct - 2024 9100 GBP
Milan , Italy 20 - Oct - 2024 24 - Oct - 2024 7500 GBP
Tokyo , Japan 13 - Oct - 2024 17 - Oct - 2024 11500 GBP
Dubai , UAE 17 - Nov - 2024 21 - Nov - 2024 5722.5 GBP
Paris , France 17 - Nov - 2024 21 - Nov - 2024 7900 GBP
Hong Kong , Hong Kong 17 - Nov - 2024 21 - Nov - 2024 9100 GBP
Dubai , UAE 24 - Nov - 2024 28 - Nov - 2024 5722.5 GBP
Paris , France 24 - Nov - 2024 28 - Nov - 2024 7900 GBP
Hong Kong , Hong Kong 24 - Nov - 2024 28 - Nov - 2024 9100 GBP
Istanbul , Turkey 3 - Nov - 2024 7 - Nov - 2024 5550 GBP
Bali , Indonesia 3 - Nov - 2024 7 - Nov - 2024 8700 GBP
Singapore , Singapore 3 - Nov - 2024 7 - Nov - 2024 8400 GBP
Washington , United States 3 - Nov - 2024 7 - Nov - 2024 13500 GBP
Kuala Lumpur , Malaysia 10 - Nov - 2024 14 - Nov - 2024 5300 GBP
Rome , Italy 10 - Nov - 2024 14 - Nov - 2024 7900 GBP
Barcelona , Spain 10 - Nov - 2024 14 - Nov - 2024 8300 GBP
Zurich , Switzerland 10 - Nov - 2024 14 - Nov - 2024 8700 GBP
London , UK 24 - Nov - 2024 28 - Nov - 2024 5950 GBP
Madrid , Spain 24 - Nov - 2024 28 - Nov - 2024 7500 GBP
Munich , Germany 24 - Nov - 2024 28 - Nov - 2024 8900 GBP
Berlin , Germany 24 - Nov - 2024 28 - Nov - 2024 8300 GBP
New York , United States 24 - Nov - 2024 28 - Nov - 2024 12750 GBP
Amsterdam , Netherlands 24 - Nov - 2024 28 - Nov - 2024 9100 GBP
Kuala Lumpur , Malaysia 24 - Nov - 2024 28 - Nov - 2024 5300 GBP
Rome , Italy 24 - Nov - 2024 28 - Nov - 2024 7900 GBP
Barcelona , Spain 24 - Nov - 2024 28 - Nov - 2024 8300 GBP
Zurich , Switzerland 24 - Nov - 2024 28 - Nov - 2024 8700 GBP
Tokyo , Japan 17 - Nov - 2024 21 - Nov - 2024 11500 GBP
Tokyo , Japan 24 - Nov - 2024 28 - Nov - 2024 11500 GBP
Milan , Italy 24 - Nov - 2024 28 - Nov - 2024 7500 GBP
London , UK 15 - Dec - 2024 19 - Dec - 2024 5950 GBP
Madrid , Spain 15 - Dec - 2024 19 - Dec - 2024 7500 GBP
Munich , Germany 15 - Dec - 2024 19 - Dec - 2024 8900 GBP
Berlin , Germany 15 - Dec - 2024 19 - Dec - 2024 8300 GBP
New York , United States 15 - Dec - 2024 19 - Dec - 2024 12750 GBP
Amsterdam , Netherlands 15 - Dec - 2024 19 - Dec - 2024 9100 GBP
Kuala Lumpur , Malaysia 22 - Dec - 2024 26 - Dec - 2024 5300 GBP
Rome , Italy 22 - Dec - 2024 26 - Dec - 2024 7900 GBP
Barcelona , Spain 22 - Dec - 2024 26 - Dec - 2024 8300 GBP
Zurich , Switzerland 22 - Dec - 2024 26 - Dec - 2024 8700 GBP
Istanbul , Turkey 8 - Dec - 2024 12 - Dec - 2024 5550 GBP
Bali , Indonesia 8 - Dec - 2024 12 - Dec - 2024 8700 GBP
Singapore , Singapore 8 - Dec - 2024 12 - Dec - 2024 8400 GBP
Washington , United States 8 - Dec - 2024 12 - Dec - 2024 13500 GBP
Dubai , UAE 1 - Dec - 2024 5 - Dec - 2024 5722.5 GBP
Paris , France 1 - Dec - 2024 5 - Dec - 2024 7900 GBP
Hong Kong , Hong Kong 1 - Dec - 2024 5 - Dec - 2024 9100 GBP
Milan , Italy 15 - Dec - 2024 19 - Dec - 2024 7500 GBP
Tokyo , Japan 1 - Dec - 2024 5 - Dec - 2024 11500 GBP

Course Syllabus

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

Related Courses

WLS39

Supplier Relationship Management In The Supply Chain Course

Manage supplier relationships in the supply chain. Enroll in this course to learn techniques for effective supplier collaboration, communication, and long-term partnership building.
WLS51

Fundamentals of Food Supply Chain Management and Logistics Course

Acquire insights into food supply chain and logistics in this training course. Gain skills in logistics for food distribution.
WLS4

Integral Warehouse Management Course

Understand integral warehouse management strategies. Join this course to learn how to manage the various aspects of warehouse operations to ensure overall effectiveness.
WLS7

Warehouse Operations - Planning And Management Course

Plan and manage warehouse operations efficiently. Enroll in this course to learn techniques for strategic warehouse planning, resource allocation, and effective management.
WLS11

Best Practices In Inventory Management Course

Explore best practices in inventory management. Enroll in this course to acquire skills in optimizing inventory control, forecasting, and replenishment strategies.
WLS9

A Balanced Approach To Supply Chain Management Course

Learn a balanced approach to supply chain management. Enroll in this course to understand strategies for achieving equilibrium in supply chain functions and operations.

Available Cities