Best Practices In Inventory Management in Zurich

BMC Training provides on Best Practices In Inventory Management course [Warehouse , Logistics , Supply Chain and Inventory] on 18 Jun 2023 in Zurich,Switzerland.

Course Description


Good management of inventory enables companies to improve their customer service, cash flow and profitability. 'Best Practices in Inventory Management' outlines the basic techniques, how and where to apply them, and provides advice to ensure they work to produce the desired effect in practice.

On completion of this course you should be able to: 

  • 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.

Course Outline

The basis of inventory control

  • The role of inventory management
  • Objectives for inventory control
  • Profit through inventory management
  • Reasons for the current stock

Customer service

  • Meeting customer requirements
  • Measuring availability
  • Demand management

Managing the inventory

  • Using Pareto analysis for control
  • Stock cover
  • Practical methods for reducing stockholding
  • The approach – how to reduce stocks successfully

Just-in-time management

  • The zero inventory philosophy
  • JIT environment
  • Advantages of JIT
  • Stock control using JIT

Organization and management

  • Where stock control fits into the organiztion
  • Responsibilities
  • And targets
  • Inventory valuation
  • Skills and systems

Safety stocks

  • Learning from history
  • Normal demand patterns
  • Evaluation of safety stocks

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
Where will the course be held?

The course will be held in Marriott. The exact address and directions will be provided to all enrolled participants prior to the start of the course.

What topics will be covered in the course?

The course will cover a range of topics related to the subject matter, including but not limited to the topics of Best Practices In Inventory Management outlines. By the end of the course, you'll have a solid understanding of the key concepts and techniques in the field, and be able to apply them to real-world situations. Detailed course outlines and learning objectives will be provided to all enrolled students prior to the start of the course.

What is the schedule for the course?

The course is expected to run for 3 hours from 18 Jun 2023 To 6 Jul 2023 . The exact schedule and timing will be confirmed and communicated to all enrolled students via email at least 2 days prior to the course start date.

What do I need to bring to the course?

All you need to bring is yourself, a notepad or laptop for taking notes, and a willingness to learn! We'll provide pens, paper, and any required textbooks or handouts.

What is the instructor's background and experience?

Our instructors are seasoned industry professionals with over 10 years of experience in the field. They hold a master's degree in the subject matter and have a proven track record of success working with trainees of all levels. You'll have plenty of opportunities to ask questions and get feedback throughout the course.

What are the T&C for this course?

Please visit our Terms and Conditions page

What kind of certificate will I receive upon completion of the course?

Upon completion of the course, you will receive an attendance certificate indicating that you have completed the course. This certificate is not accredited or recognised by any particular institution or organisation, but it can be used to demonstrate your commitment to continuing education and professional development.

Course Details
  • Code WLS11
  • City Zurich
  • Location Marriott
  • Start Date 18 Jun 2023
  • End Date 6 Jul 2023
  • Availability Confirmed
  • Language English
  • Certificate Yes
  • Fees 24600 GBP
  • Whatsapp 00447493377144