Inventory and Stock Control Management

This course is an intensive three day course, for those who want to understand and implement the essential tools for managing inventory in the supply chain.

The ability to effectively manage has a major impact on supply chain performance and the resultant cost to serve profile. Poor inventory decisions will result in costs being increased or customers being let down. Getting the balance right requires skilful application of inventory management techniques.

Participants are shown how to evaluate procedures and make needed changes to methods to improve customer service whilst achieving reductions in inventory; eliminate wasteful costs; avoid internal problems that limit performance; obtain added value for money.

Personal impact

• How to analyse stock and inventory
• How to make productivity improvements
• Understand the role of inventory in the supply chain
• Balancing cost and service requirements
• A framework for continual improvement
• Best in class practices

Organisational impact

• To Examine the link of inventory in the company supply chain operations and activities
• To Analyse the key areas of operations
• To Identify and Understand key performance indicators
• To Succeed in improving operations

Certificates of Completion Requirements:

All course attendees must meet minimum testing standards (60% is the passing grade) to receive the certificates of completion issued by CILT (The Chartered Institute of Logistics and Transport).