Supply Chain, Logistics & Warehouse Training

Best Practices in Inventory Management Training

With a proven inventory management system, you can transform your inventory into a proactive force that lowers your inventory investment, reduces carrying costs, boosts confidence in physical supply and distribution service levels, and increases overall customer and user satisfaction.

Inventories play an important role in any organization.  In fact, it is not uncommon to have from 10-55% of an organization’s total invested capital in inventories.  To make matters worse, approximately 2-15% of such invested capital is often tied up in slow, obsolete, impaired, damaged, and/or excess on-hand inventory.

This inventory management training has been designed to bring you up to full speed on all the important areas of inventory decision making.  You will learn the ins and outs of every “three letter” method and technique available to you—ABC, VMI, EPQ, ROP, EOQ, JIT, DRP, MRP, PLS, MAD and MIN-MAX.  You will also learn about the newest and best approaches for your type of organization.

In powerful training will reveal how you can:

  • Establish an inventory management policy and stock location methodology
  • Reduce your inventory while improving your customer service
  • Balance service and safety stock implications
  • Understand inventory flow of costs and carrying inventory
  • Forecast your true inventory needs
  • Utilize the ordering and planning philosophies that suit your inventory goals
  • Plan and reduce lead-time cycle components
  • Attain a higher level of inventory record accuracy and stock control
  • Select the appropriate way to conduct inventory and control your stock

Inventory management training is recommended for:

  • This Inventory management training is for managers, supervisors, and analysts concerned with the planning, management, and control of inventory.
  • It will be especially valuable to materials managers, storeroom and stockroom supervisors, inventory managers and planners, warehouse and distribution managers, purchasing managers, customer service managers, controllers and comptrollers, and anyone overseeing the inventory investment decision-making function.
  • It will benefit those with a basic to intermediate level of experience in inventory control and management, warehousing and distribution, purchasing and materials management, or those looking for a refresher from manufacturing, service, and distribution or government sectors.

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Best Practices in Inventory Management Training  Brochure

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