The Complete Course on Inventory Management Course

Comprehensive training covering all aspects of inventory management. Acquire skills for efficient inventory control and optimization. BMC Training offers The Complete Course on Inventory Management Course in Project , Procurement and Contracts Courses.

  • English
  • 85 Training Sessions
  • Confirmed
  • One Week
The Complete Course on Inventory Management Training Course

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Type a city name or a month
Venue Start Date End Date Net Fees Details & Registration
Dubai , UAE 28 - Sep - 2025 2 - Oct - 2025 4987.5 GBP
Paris , France 28 - Sep - 2025 2 - Oct - 2025 6700 GBP
Hong Kong , Hong Kong 28 - Sep - 2025 2 - Oct - 2025 8500 GBP
Tokyo , Japan 28 - Sep - 2025 2 - Oct - 2025 9750 GBP
Kuala Lumpur , Malaysia 14 - Sep - 2025 18 - Sep - 2025 4750 GBP
Rome , Italy 14 - Sep - 2025 18 - Sep - 2025 7300 GBP
Barcelona , Spain 14 - Sep - 2025 18 - Sep - 2025 6950 GBP
Zurich , Switzerland 14 - Sep - 2025 18 - Sep - 2025 7950 GBP
Istanbul , Turkey 21 - Sep - 2025 25 - Sep - 2025 4700 GBP
Bali , Indonesia 21 - Sep - 2025 25 - Sep - 2025 8100 GBP
Singapore , Singapore 21 - Sep - 2025 25 - Sep - 2025 7500 GBP
Washington , United States 21 - Sep - 2025 25 - Sep - 2025 11000 GBP
Geneva , Switzerland 28 - Sep - 2025 2 - Oct - 2025 8950 GBP
Sydney , Australia 14 - Sep - 2025 18 - Sep - 2025 10900 GBP
Interlaken , Switzerland 14 - Sep - 2025 18 - Sep - 2025 8950 GBP
Taipei , Taiwan 21 - Sep - 2025 25 - Sep - 2025 9300 GBP
Dubai , UAE 19 - Oct - 2025 23 - Oct - 2025 4987.5 GBP
Paris , France 19 - Oct - 2025 23 - Oct - 2025 6700 GBP
Hong Kong , Hong Kong 19 - Oct - 2025 23 - Oct - 2025 8500 GBP
Tokyo , Japan 19 - Oct - 2025 23 - Oct - 2025 9750 GBP
Kuala Lumpur , Malaysia 26 - Oct - 2025 30 - Oct - 2025 4750 GBP
Rome , Italy 26 - Oct - 2025 30 - Oct - 2025 7300 GBP
Barcelona , Spain 26 - Oct - 2025 30 - Oct - 2025 6950 GBP
Zurich , Switzerland 26 - Oct - 2025 30 - Oct - 2025 7950 GBP
Istanbul , Turkey 5 - Oct - 2025 9 - Oct - 2025 4700 GBP
Bali , Indonesia 5 - Oct - 2025 9 - Oct - 2025 8100 GBP
Singapore , Singapore 5 - Oct - 2025 9 - Oct - 2025 7500 GBP
Washington , United States 5 - Oct - 2025 9 - Oct - 2025 11000 GBP
London , UK 12 - Oct - 2025 16 - Oct - 2025 4950 GBP
Madrid , Spain 12 - Oct - 2025 16 - Oct - 2025 6950 GBP
Munich , Germany 12 - Oct - 2025 16 - Oct - 2025 7900 GBP
Berlin , Germany 12 - Oct - 2025 16 - Oct - 2025 7900 GBP
New York , United States 12 - Oct - 2025 16 - Oct - 2025 10900 GBP
Amsterdam , Netherlands 12 - Oct - 2025 16 - Oct - 2025 8100 GBP
Milan , Italy 12 - Oct - 2025 16 - Oct - 2025 6950 GBP
Geneva , Switzerland 19 - Oct - 2025 23 - Oct - 2025 8950 GBP
Sydney , Australia 26 - Oct - 2025 30 - Oct - 2025 10900 GBP
Interlaken , Switzerland 26 - Oct - 2025 30 - Oct - 2025 8950 GBP
Taipei , Taiwan 5 - Oct - 2025 9 - Oct - 2025 9300 GBP
Dubai , UAE 16 - Nov - 2025 20 - Nov - 2025 4987.5 GBP
Paris , France 16 - Nov - 2025 20 - Nov - 2025 6700 GBP
Hong Kong , Hong Kong 16 - Nov - 2025 20 - Nov - 2025 8500 GBP
Tokyo , Japan 16 - Nov - 2025 20 - Nov - 2025 9750 GBP
London , UK 23 - Nov - 2025 27 - Nov - 2025 4950 GBP
Madrid , Spain 23 - Nov - 2025 27 - Nov - 2025 6950 GBP
Munich , Germany 23 - Nov - 2025 27 - Nov - 2025 7900 GBP
Berlin , Germany 23 - Nov - 2025 27 - Nov - 2025 7900 GBP
New York , United States 23 - Nov - 2025 27 - Nov - 2025 10900 GBP
Amsterdam , Netherlands 23 - Nov - 2025 27 - Nov - 2025 8100 GBP
Milan , Italy 23 - Nov - 2025 27 - Nov - 2025 6950 GBP
Kuala Lumpur , Malaysia 2 - Nov - 2025 6 - Nov - 2025 4750 GBP
Rome , Italy 2 - Nov - 2025 6 - Nov - 2025 7300 GBP
Barcelona , Spain 2 - Nov - 2025 6 - Nov - 2025 6950 GBP
Zurich , Switzerland 2 - Nov - 2025 6 - Nov - 2025 7950 GBP
Istanbul , Turkey 9 - Nov - 2025 13 - Nov - 2025 4700 GBP
Bali , Indonesia 9 - Nov - 2025 13 - Nov - 2025 8100 GBP
Singapore , Singapore 9 - Nov - 2025 13 - Nov - 2025 7500 GBP
Washington , United States 9 - Nov - 2025 13 - Nov - 2025 11000 GBP
Geneva , Switzerland 16 - Nov - 2025 20 - Nov - 2025 8950 GBP
Sydney , Australia 2 - Nov - 2025 6 - Nov - 2025 10900 GBP
Interlaken , Switzerland 2 - Nov - 2025 6 - Nov - 2025 8950 GBP
Taipei , Taiwan 9 - Nov - 2025 13 - Nov - 2025 9300 GBP
Dubai , UAE 21 - Dec - 2025 25 - Dec - 2025 4987.5 GBP
Paris , France 21 - Dec - 2025 25 - Dec - 2025 6700 GBP
Hong Kong , Hong Kong 21 - Dec - 2025 25 - Dec - 2025 8500 GBP
Tokyo , Japan 21 - Dec - 2025 25 - Dec - 2025 9750 GBP
Kuala Lumpur , Malaysia 28 - Dec - 2025 1 - Jan - 2026 4750 GBP
Rome , Italy 28 - Dec - 2025 1 - Jan - 2026 7300 GBP
Barcelona , Spain 28 - Dec - 2025 1 - Jan - 2026 6950 GBP
Zurich , Switzerland 28 - Dec - 2025 1 - Jan - 2026 7950 GBP
Istanbul , Turkey 14 - Dec - 2025 18 - Dec - 2025 4700 GBP
Bali , Indonesia 14 - Dec - 2025 18 - Dec - 2025 8100 GBP
Singapore , Singapore 14 - Dec - 2025 18 - Dec - 2025 7500 GBP
Washington , United States 14 - Dec - 2025 18 - Dec - 2025 11000 GBP
London , UK 7 - Dec - 2025 11 - Dec - 2025 4950 GBP
Madrid , Spain 7 - Dec - 2025 11 - Dec - 2025 6950 GBP
Munich , Germany 7 - Dec - 2025 11 - Dec - 2025 7900 GBP
Berlin , Germany 7 - Dec - 2025 11 - Dec - 2025 7900 GBP
New York , United States 7 - Dec - 2025 11 - Dec - 2025 10900 GBP
Amsterdam , Netherlands 7 - Dec - 2025 11 - Dec - 2025 8100 GBP
Milan , Italy 7 - Dec - 2025 11 - Dec - 2025 6950 GBP
Geneva , Switzerland 21 - Dec - 2025 25 - Dec - 2025 8950 GBP
Sydney , Australia 28 - Dec - 2025 1 - Jan - 2026 10900 GBP
Interlaken , Switzerland 28 - Dec - 2025 1 - Jan - 2026 8950 GBP
Taipei , Taiwan 14 - Dec - 2025 18 - Dec - 2025 9300 GBP

Course Syllabus

Introduction

This course examines the renewed emphasis on running organizations leaner, effectively and efficiently. The renewed pressure to reduce cost as well as investment, while maintaining customer service levels is essential in world-class performance. Inventory Management is still one of the least understood practices in many companies and managers often fail to see the causal link between Inventory Management and good business results.

In addition, the mechanistic review of Min/Max reorder points will lead to disappointing results and in capital intensive companies, the value of spares in inventory often exceeds the value of all other inventory combined. Huge investments, excessive costs and low availability of stock often cause a knee-jerk reaction instead of adopting sound inventory management principles.

This course will feature:

  • Reduction in inventory investment
  • Improved customer satisfaction
  • Reduced cost of running the inventory management function
  • Understanding inventory categories in management
  • Management of Stock Keeping Units in terms of their priorities

Objectives

  • 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

Content

Day One

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

Day Two

Demand Planning

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

Day Three

Forecasting

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

Day Four

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

Day Five

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

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