Inventory Optimization Minor
Join the Slimstock Inventory optimization training program and enhance your knowledge and skills in the areas of demand forecasting and inventory optimization. During this course, you will develop an operational inventory plan. You will also learn how to convincingly present this plan to management as well as how to implement it within your own organization recasting.
Why take this training session?
This program covers all major aspects of inventory management and the importance of holding optimal stock levels from a strategic, tactical and operational perspective. You will learn how to analyze information in a range of ways, as well as how to determine the savings potential and realize your inventory goals. With each new training day, your knowledge will be taken to the next level.
Learning goals
- Inventory: identify the importance of tactical inventory management
- Inventory management: develop and implement a tactical inventory plan based on the strategic objective
- Optimization: utilize advanced analysis and forecasting
Program
This course will take place over 10 days within a 12 month period. Each day will start at 09:00 and conclude at 17:00. Coffee, tea, soft drinks, and lunch are all included
Day 1, 2 & 3: Basic Skills
- Ordering methods
- Concept of safety stock
- Identifying demand patterns
- Seasonal influences & trends
- Determining the EOQ per item & per shipment
- Product phase in and phase out
- Discounts and promotions
Day 4: Inventory position
Determining the best course of action with respect to other business functions/ divisions including:
- Sales
- Purchasing
- Logistics
- General Management
- Finance
Day 5: Determine objectives and plans
Establishing objectives in relation to your own sphere of influence:
- Positioning the art of supply chain management on the internal map
- Positioning the art of supply chain management on the internal map
- Determining and defending budget
- Requirements to deliver tangible improvements
Day 6 Assortment management & supplier analysis
- How is your cash flow tied up and how it can be released?
- How is your cash flow tied up and how it can be released?
- Where are the risks?
Day 7 Key Performance Indicators (KPIs)
- What do you control?
- What do you control?
- Self-reflection
- What you are judged on?
Day 8 Individual cases
- Introduction
- Analysis
- SWOT
- Establish 3 month & 12 month goals
Day 9 Optimization
- Securing Processes
- Securing Processes
- Identifying, evading and overcoming obstacles
Session 10 IT support
- What features do I need?
- What features do I need?
- What else is available?
- What are the possibilities?
- Attaining ‘Buy-in from IT’
Level
HBO or several years of relevant experience at a tactical level.
Location
TBD
Cost
TBD
Date
TBD