Strategic Inventory Management Course

Develop skills in strategic inventory management in this training course. Learn techniques to optimize inventory levels and enhance supply chain efficiency. BMC Training offers Strategic Inventory Management Course in Warehouse , Logistics , Supply Chain and Inventory Courses.

  • English
  • 141 Training Sessions
  • Confirmed
  • Two Week
Strategic Inventory Management Training Course

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Type a city name or a month
Venue Start Date End Date Net Fees Details & Registration
Kuala Lumpur , Malaysia 19 - May - 2024 30 - May - 2024 10600 GBP
Rome , Italy 19 - May - 2024 30 - May - 2024 15800 GBP
Barcelona , Spain 19 - May - 2024 30 - May - 2024 16600 GBP
Zurich , Switzerland 19 - May - 2024 30 - May - 2024 17400 GBP
Dubai , UAE 26 - May - 2024 6 - Jun - 2024 11172.5 GBP
Paris , France 26 - May - 2024 6 - Jun - 2024 15800 GBP
Hong Kong , Hong Kong 26 - May - 2024 6 - Jun - 2024 18200 GBP
Tokyo , Japan 26 - May - 2024 6 - Jun - 2024 23000 GBP
London , UK 9 - Jun - 2024 20 - Jun - 2024 11900 GBP
Madrid , Spain 9 - Jun - 2024 20 - Jun - 2024 15000 GBP
Munich , Germany 9 - Jun - 2024 20 - Jun - 2024 17800 GBP
Berlin , Germany 9 - Jun - 2024 20 - Jun - 2024 16600 GBP
New York , United States 9 - Jun - 2024 20 - Jun - 2024 25500 GBP
Amsterdam , Netherlands 9 - Jun - 2024 20 - Jun - 2024 18200 GBP
Dubai , UAE 16 - Jun - 2024 27 - Jun - 2024 11172.5 GBP
Paris , France 16 - Jun - 2024 27 - Jun - 2024 15800 GBP
Hong Kong , Hong Kong 16 - Jun - 2024 27 - Jun - 2024 18200 GBP
Kuala Lumpur , Malaysia 23 - Jun - 2024 4 - Jul - 2024 10600 GBP
Rome , Italy 23 - Jun - 2024 4 - Jul - 2024 15800 GBP
Barcelona , Spain 23 - Jun - 2024 4 - Jul - 2024 16600 GBP
Zurich , Switzerland 23 - Jun - 2024 4 - Jul - 2024 17400 GBP
Istanbul , Turkey 2 - Jun - 2024 13 - Jun - 2024 11100 GBP
Bali , Indonesia 2 - Jun - 2024 13 - Jun - 2024 17400 GBP
Singapore , Singapore 2 - Jun - 2024 13 - Jun - 2024 16800 GBP
Washington , United States 2 - Jun - 2024 13 - Jun - 2024 27000 GBP
Milan , Italy 9 - Jun - 2024 20 - Jun - 2024 15000 GBP
Tokyo , Japan 16 - Jun - 2024 27 - Jun - 2024 23000 GBP
Istanbul , Turkey 7 - Jul - 2024 18 - Jul - 2024 11100 GBP
Bali , Indonesia 7 - Jul - 2024 18 - Jul - 2024 17400 GBP
Singapore , Singapore 7 - Jul - 2024 18 - Jul - 2024 16800 GBP
Washington , United States 7 - Jul - 2024 18 - Jul - 2024 27000 GBP
London , UK 14 - Jul - 2024 25 - Jul - 2024 11900 GBP
Madrid , Spain 14 - Jul - 2024 25 - Jul - 2024 15000 GBP
Munich , Germany 14 - Jul - 2024 25 - Jul - 2024 17800 GBP
Berlin , Germany 14 - Jul - 2024 25 - Jul - 2024 16600 GBP
New York , United States 14 - Jul - 2024 25 - Jul - 2024 25500 GBP
Amsterdam , Netherlands 14 - Jul - 2024 25 - Jul - 2024 18200 GBP
Kuala Lumpur , Malaysia 21 - Jul - 2024 1 - Aug - 2024 10600 GBP
Rome , Italy 21 - Jul - 2024 1 - Aug - 2024 15800 GBP
Barcelona , Spain 21 - Jul - 2024 1 - Aug - 2024 16600 GBP
Zurich , Switzerland 21 - Jul - 2024 1 - Aug - 2024 17400 GBP
Dubai , UAE 28 - Jul - 2024 8 - Aug - 2024 11172.5 GBP
Paris , France 28 - Jul - 2024 8 - Aug - 2024 15800 GBP
Hong Kong , Hong Kong 28 - Jul - 2024 8 - Aug - 2024 18200 GBP
Milan , Italy 14 - Jul - 2024 25 - Jul - 2024 15000 GBP
Tokyo , Japan 28 - Jul - 2024 8 - Aug - 2024 23000 GBP
London , UK 4 - Aug - 2024 15 - Aug - 2024 11900 GBP
Madrid , Spain 4 - Aug - 2024 15 - Aug - 2024 15000 GBP
Munich , Germany 4 - Aug - 2024 15 - Aug - 2024 17800 GBP
Berlin , Germany 4 - Aug - 2024 15 - Aug - 2024 16600 GBP
New York , United States 4 - Aug - 2024 15 - Aug - 2024 25500 GBP
Amsterdam , Netherlands 4 - Aug - 2024 15 - Aug - 2024 18200 GBP
Dubai , UAE 11 - Aug - 2024 22 - Aug - 2024 11172.5 GBP
Paris , France 11 - Aug - 2024 22 - Aug - 2024 15800 GBP
Hong Kong , Hong Kong 11 - Aug - 2024 22 - Aug - 2024 18200 GBP
Kuala Lumpur , Malaysia 18 - Aug - 2024 29 - Aug - 2024 10600 GBP
Rome , Italy 18 - Aug - 2024 29 - Aug - 2024 15800 GBP
Barcelona , Spain 18 - Aug - 2024 29 - Aug - 2024 16600 GBP
Zurich , Switzerland 18 - Aug - 2024 29 - Aug - 2024 17400 GBP
Istanbul , Turkey 25 - Aug - 2024 5 - Sep - 2024 11100 GBP
Bali , Indonesia 25 - Aug - 2024 5 - Sep - 2024 17400 GBP
Singapore , Singapore 25 - Aug - 2024 5 - Sep - 2024 16800 GBP
Washington , United States 25 - Aug - 2024 5 - Sep - 2024 27000 GBP
Milan , Italy 4 - Aug - 2024 15 - Aug - 2024 15000 GBP
Tokyo , Japan 11 - Aug - 2024 22 - Aug - 2024 23000 GBP
Istanbul , Turkey 22 - Sep - 2024 3 - Oct - 2024 11100 GBP
Bali , Indonesia 22 - Sep - 2024 3 - Oct - 2024 17400 GBP
Singapore , Singapore 22 - Sep - 2024 3 - Oct - 2024 16800 GBP
Washington , United States 22 - Sep - 2024 3 - Oct - 2024 27000 GBP
London , UK 1 - Sep - 2024 12 - Sep - 2024 11900 GBP
Madrid , Spain 1 - Sep - 2024 12 - Sep - 2024 15000 GBP
Munich , Germany 1 - Sep - 2024 12 - Sep - 2024 17800 GBP
Berlin , Germany 1 - Sep - 2024 12 - Sep - 2024 16600 GBP
New York , United States 1 - Sep - 2024 12 - Sep - 2024 25500 GBP
Amsterdam , Netherlands 1 - Sep - 2024 12 - Sep - 2024 18200 GBP
Kuala Lumpur , Malaysia 8 - Sep - 2024 19 - Sep - 2024 10600 GBP
Rome , Italy 8 - Sep - 2024 19 - Sep - 2024 15800 GBP
Barcelona , Spain 8 - Sep - 2024 19 - Sep - 2024 16600 GBP
Zurich , Switzerland 8 - Sep - 2024 19 - Sep - 2024 17400 GBP
Dubai , UAE 15 - Sep - 2024 26 - Sep - 2024 11172.5 GBP
Paris , France 15 - Sep - 2024 26 - Sep - 2024 15800 GBP
Hong Kong , Hong Kong 15 - Sep - 2024 26 - Sep - 2024 18200 GBP
Milan , Italy 1 - Sep - 2024 12 - Sep - 2024 15000 GBP
Tokyo , Japan 15 - Sep - 2024 26 - Sep - 2024 23000 GBP
London , UK 20 - Oct - 2024 31 - Oct - 2024 11900 GBP
Madrid , Spain 20 - Oct - 2024 31 - Oct - 2024 15000 GBP
Munich , Germany 20 - Oct - 2024 31 - Oct - 2024 17800 GBP
Berlin , Germany 20 - Oct - 2024 31 - Oct - 2024 16600 GBP
New York , United States 20 - Oct - 2024 31 - Oct - 2024 25500 GBP
Amsterdam , Netherlands 20 - Oct - 2024 31 - Oct - 2024 18200 GBP
Dubai , UAE 27 - Oct - 2024 7 - Nov - 2024 11172.5 GBP
Paris , France 27 - Oct - 2024 7 - Nov - 2024 15800 GBP
Hong Kong , Hong Kong 27 - Oct - 2024 7 - Nov - 2024 18200 GBP
Kuala Lumpur , Malaysia 6 - Oct - 2024 17 - Oct - 2024 10600 GBP
Rome , Italy 6 - Oct - 2024 17 - Oct - 2024 15800 GBP
Barcelona , Spain 6 - Oct - 2024 17 - Oct - 2024 16600 GBP
Zurich , Switzerland 6 - Oct - 2024 17 - Oct - 2024 17400 GBP
Istanbul , Turkey 13 - Oct - 2024 24 - Oct - 2024 11100 GBP
Bali , Indonesia 13 - Oct - 2024 24 - Oct - 2024 17400 GBP
Singapore , Singapore 13 - Oct - 2024 24 - Oct - 2024 16800 GBP
Washington , United States 13 - Oct - 2024 24 - Oct - 2024 27000 GBP
Milan , Italy 20 - Oct - 2024 31 - Oct - 2024 15000 GBP
Tokyo , Japan 27 - Oct - 2024 7 - Nov - 2024 23000 GBP
Istanbul , Turkey 17 - Nov - 2024 28 - Nov - 2024 11100 GBP
Bali , Indonesia 17 - Nov - 2024 28 - Nov - 2024 17400 GBP
Singapore , Singapore 17 - Nov - 2024 28 - Nov - 2024 16800 GBP
Washington , United States 17 - Nov - 2024 28 - Nov - 2024 27000 GBP
London , UK 24 - Nov - 2024 5 - Dec - 2024 11900 GBP
Madrid , Spain 24 - Nov - 2024 5 - Dec - 2024 15000 GBP
Munich , Germany 24 - Nov - 2024 5 - Dec - 2024 17800 GBP
Berlin , Germany 24 - Nov - 2024 5 - Dec - 2024 16600 GBP
New York , United States 24 - Nov - 2024 5 - Dec - 2024 25500 GBP
Amsterdam , Netherlands 24 - Nov - 2024 5 - Dec - 2024 18200 GBP
Kuala Lumpur , Malaysia 3 - Nov - 2024 14 - Nov - 2024 10600 GBP
Rome , Italy 3 - Nov - 2024 14 - Nov - 2024 15800 GBP
Barcelona , Spain 3 - Nov - 2024 14 - Nov - 2024 16600 GBP
Zurich , Switzerland 3 - Nov - 2024 14 - Nov - 2024 17400 GBP
Dubai , UAE 10 - Nov - 2024 21 - Nov - 2024 11172.5 GBP
Paris , France 10 - Nov - 2024 21 - Nov - 2024 15800 GBP
Hong Kong , Hong Kong 10 - Nov - 2024 21 - Nov - 2024 18200 GBP
Milan , Italy 24 - Nov - 2024 5 - Dec - 2024 15000 GBP
Tokyo , Japan 10 - Nov - 2024 21 - Nov - 2024 23000 GBP
London , UK 15 - Dec - 2024 26 - Dec - 2024 11900 GBP
Madrid , Spain 15 - Dec - 2024 26 - Dec - 2024 15000 GBP
Munich , Germany 15 - Dec - 2024 26 - Dec - 2024 17800 GBP
Berlin , Germany 15 - Dec - 2024 26 - Dec - 2024 16600 GBP
New York , United States 15 - Dec - 2024 26 - Dec - 2024 25500 GBP
Amsterdam , Netherlands 15 - Dec - 2024 26 - Dec - 2024 18200 GBP
Dubai , UAE 22 - Dec - 2024 2 - Jan - 2025 11172.5 GBP
Paris , France 22 - Dec - 2024 2 - Jan - 2025 15800 GBP
Hong Kong , Hong Kong 22 - Dec - 2024 2 - Jan - 2025 18200 GBP
Kuala Lumpur , Malaysia 1 - Dec - 2024 12 - Dec - 2024 10600 GBP
Rome , Italy 1 - Dec - 2024 12 - Dec - 2024 15800 GBP
Barcelona , Spain 1 - Dec - 2024 12 - Dec - 2024 16600 GBP
Zurich , Switzerland 1 - Dec - 2024 12 - Dec - 2024 17400 GBP
Istanbul , Turkey 8 - Dec - 2024 19 - Dec - 2024 11100 GBP
Bali , Indonesia 8 - Dec - 2024 19 - Dec - 2024 17400 GBP
Singapore , Singapore 8 - Dec - 2024 19 - Dec - 2024 16800 GBP
Washington , United States 8 - Dec - 2024 19 - Dec - 2024 27000 GBP
Milan , Italy 15 - Dec - 2024 26 - Dec - 2024 15000 GBP
Tokyo , Japan 22 - Dec - 2024 2 - Jan - 2025 23000 GBP

Course Syllabus

Objectives :

  • 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.
  • Understand the importance of inventory & the role it plays in the profitability of the company
  • Examine the most appropriate method for managing an item
  • Understand the value chain in inventory management
  • Apply best methods to optimise the investment in inventory
  • Examine the appropriate inventory management technique for each type of item

The Contents:

Inventory in the Value Chain

  • The purpose of inventory in the value chain
  • Classification of inventory
  • Procedure for eliminating obsolete inventory
  • Pareto Law in identifying product Classification
  • Location of inventory
  • Using Economic Order Quantity on managing inventory order levels

Demand Planning

  • Basic forecasting methods
  • Customer segmentation
  • Hierarchy of planning
  • Aggregate planning
  • Maintenance & Inventory planning meeting
  • Master Scheduling

Forecasting

  • Principles of forecasting
  • Effect of lead time on the forecasting process
  • Quantitative forecasting
  • Qualitative forecasting
  • Tracking forecast accuracy
  • Determining safety stock

Inventory Recording

  • Period stock take
  • Cycle counting
  • Perpetual recording
  • Utilizing Bar-cades to manage inventory and movements
  • The use of Radio Frequency Identification (RFID) for recording inventory movement
  • Inventory accounting

Performance Measurement

  • Stock turnover rate
  • Customer service
  • Cost of operations
  • Measuring the effectiveness of your system
  • How to use the measurements
  • Class exercise on selective inventory management

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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