Essentials of Inventory Management
8th, 9th & 10th April, 2025
The Basic Inventory Management course helps inventory planners to professionalize in the field of operational supply chain planning.
During this three-day course, we go through the inventory management process sequentially via the steps Assortment Planning, Demand Planning and Supply Planning & Inventory Parameters. Each stage has a number of theoretical techniques that will make you a full-fledged discussion partner in your organization.
The course will not involve our platform Slim4 but it will relate to it from time to time.
After attending this course, you will be an excellent discussion partner for your team leads and you will be able to actively contribute to optimizing the inventory management processes within your organization.
Learning Objectives
- You can apply operational inventory management techniques that lead to efficient and effective supply planning
- You know the importance of supply chain collaboration and can ask the right, proactive questions
- You can calculate and assess inventory management performance at various levels
Course agenda
Introduction
- The inventory management process
- Value strategies
- Stock types
- KPIs
- Costs
Assortment planning
- Stock policy
- Segmentation
- Product life cycle management
Demand Planning
- Forecasting
- Seasonality
- Quality of the forecast
- Stakeholders and communication
Supply Planning & inventory parameters
- How much to order: the order quantity
- When to order: the order level
- Buffer stock and service levels
- Analyses and decision-making
- The financial impact
- Staying up to date
Level
The course is taught at the college level and is designed for inventory planners who would like to improve or refresh their professional knowledge. The training ends with a test. With a satisfactory result, the participant will receive a certificate.
Trainer
