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Inventory management training, masterclasses and courses - Slimstock Academy Inventory Optimisation Minor

Inventory Optimisation Minor Enhance your supply chain knowledge

Learn how to build & execute a winning supply chain strategy

Apply today

What can you expect?

This intensive programme covers all major aspects of inventory management. You will learn the importance of holding the optimal inventory level levels as well as how to control inventory from a strategic, tactical & operational perspective. After completing each training day, your knowledge will be taken to the next level.

You will learn how to analyse supply chain data to attain actionable insights you can use to develop effective supply chain strategies. Furthermore, you will learn how to identify opportunities to further improve performance and cut costs.

During this course, you will develop an inventory strategy that you can implement within your organisation. After completing the Minor, you will be able to convincingly present your plan to your management team.

Learning goals

The fundamentals of inventory

  • Understand the importance of tactical inventory management

Managing inventory throughout the supply chain

  • Develop and implement a tactical inventory plan based on yout strategic objective

Optimising your supply chain

  • Utilise advanced analysis and forecasting to realise your goals

Programme details

The training spans 10 days, spread over 12 months. You will; cover the following topics:

Day 1-3: Basic Skills

  • Ordering methods
  • Concept of safety stock
  • Identifying demand patterns
  • Seasonal influences & trends
  • Determining the EOQ per item & per shipment
  • Product phase in & out
  • Discounts and promotions

Day 4: The role of inventory in the business

  • Inventory stakeholders
  • Working with the wider business

Day 5: Determine objectives and plans

  • Positioning the supply chain team
  • Determining and defending budget

Day 6: Assortment management and supplier analysis

  • Optimising cash flow
  • Identify the risks

Day 7: KPI’s

  • What do you control?
  • How are you measured?

Day 8: Building your business case

  • Introduction
  • Analysis
  • SWOT
  • Establish 3 & 12 month goals

Day 9: Optimisation

  • Securing processes
  • Identifying & evading obstacles

Day 10: Building the right environment

  • What features do I need?
  • What else is available?
  • What are the possibilities?
  • Attaining ‘Buy-in’ from IT

Level

The Inventory Optimisation Minor is designed for supply chain professions with a Bachelors degree (HBO) certification or relevant experience within a tactical supply chain role.

Pricing

The course fees for the Inventory Optimisation Minor are £ 6,000, per person excluding VAT.

Register your interest today!

Slimstock Academy

Grosvenor House Prospect Hill Redditch Worchestershire B97 4DL

+44 1527 509 561

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