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