/  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
  • Kuala Lumpur
    21 - 10 - 2018
    25 - 10 - 2018
  • Istanbul
    28 - 10 - 2018
    1 - 11 - 2018
  • Muscat
    21 - 10 - 2018
    25 - 10 - 2018
  • London
    25 - 11 - 2018
    29 - 11 - 2018
  • Dubai
    4 - 11 - 2018
    8 - 11 - 2018
  • Kuala Lumpur
    25 - 11 - 2018
    29 - 11 - 2018
  • Kuala Lumpur
    9 - 12 - 2018
    13 - 12 - 2018
  • Istanbul
    16 - 12 - 2018
    20 - 12 - 2018
  • Muscat
    9 - 12 - 2018
    13 - 12 - 2018
  • London
    20 - 1 - 2019
    24 - 1 - 2019
  • Dubai
    13 - 1 - 2019
    17 - 1 - 2019
  • Paris
    20 - 1 - 2019
    24 - 1 - 2019
  • Kuala Lumpur
    3 - 2 - 2019
    7 - 2 - 2019
  • Istanbul
    24 - 2 - 2019
    28 - 2 - 2019
  • Muscat
    3 - 2 - 2019
    7 - 2 - 2019
  • London
    10 - 3 - 2019
    14 - 3 - 2019
  • Dubai
    3 - 3 - 2019
    7 - 3 - 2019
  • Paris
    10 - 3 - 2019
    14 - 3 - 2019
  • Kuala Lumpur
    28 - 4 - 2019
    2 - 5 - 2019
  • Istanbul
    21 - 4 - 2019
    25 - 4 - 2019
  • Muscat
    28 - 4 - 2019
    2 - 5 - 2019
  • London
    5 - 5 - 2019
    9 - 5 - 2019
  • Dubai
    26 - 5 - 2019
    30 - 5 - 2019
  • Paris
    5 - 5 - 2019
    9 - 5 - 2019
  • Kuala Lumpur
    16 - 6 - 2019
    20 - 6 - 2019
  • Istanbul
    9 - 6 - 2019
    13 - 6 - 2019
  • Muscat
    16 - 6 - 2019
    20 - 6 - 2019
  • London
    14 - 7 - 2019
    18 - 7 - 2019
  • Dubai
    21 - 7 - 2019
    25 - 7 - 2019
  • Paris
    14 - 7 - 2019
    18 - 7 - 2019
  • Kuala Lumpur
    25 - 8 - 2019
    29 - 8 - 2019
  • Istanbul
    4 - 8 - 2019
    8 - 8 - 2019
  • Muscat
    25 - 8 - 2019
    29 - 8 - 2019
  • London
    1 - 9 - 2019
    5 - 9 - 2019
  • Dubai
    8 - 9 - 2019
    12 - 9 - 2019
  • Paris
    1 - 9 - 2019
    5 - 9 - 2019

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

Courses Search

Recent Posts

Connect with us

IFRS Preparation. (5 Days)Available in London - Dubai - Istanbul - Kuala Lumpur

Join our Civil and Construction Engineering Training Courses , Electrical and Power Engineering Training Courses and Facilities Management Training

Technical Training Courses

Newsletter