Inventory Management in the Supply & Demand Chains

Inventory management plays a critical role in balancing supply and demand, optimizing costs, and ensuring customer satisfaction. Throughout this course, participants will explore key concepts such as inventory planning, forecasting, replenishment strategies, and performance metrics.

We will delve into the complexities of managing inventory across different stages of the supply chain, from raw materials to finished products, and discuss strategies for minimizing stockouts, reducing carrying costs, and improving overall inventory turnover.

Join us to enhance your skills in inventory management and contribute to the efficiency and effectiveness of supply and demand chains in your organization.

COURSE OBJECTIVES

Upon completion of the “Inventory Management in the Supply & Demand Chains” course, participants will be able to:

• Understand Inventory Management Fundamentals
• Apply Inventory Planning and Forecasting Techniques
• Implement Inventory Control Strategies
• Optimize Inventory Performance
• Integrate Inventory Management with Supply Chain Operations
• Utilize Inventory Management Software and Tools
• Implement Best Practices in Inventory Management
• Ensure Compliance and Risk Management
• Improve Communication and Collaboration
• Evaluate and Continuous Improvement

TARGET AUDIENCE

Supply Chain Professionals, inventory Managers and Supervisors, Operations Managers, Purchasing and Procurement Officers, Warehouse and Distribution Center Staff, Retail Managers, Manufacturing Managers, Inventory Analysts and Planners, Small Business Owners, Consultants and Advisors.

TRAINING METHODOLOGY

Interactive Lectures, Hands-on Workshops, Group Discussions, Case Studies Analysis, Role- Playing Exercises, Online Resources and Self Study, Assessments and Feedback, Certification and Recognition.

COURSE DURATION

2 Days

NUMBER OF PATICIPANTS

Pax

CERTIFICATION

Upon successful completion of the course, participants will receive a Certificate of Attendance.

COURSE OUTLINE

DAY 1

MODULE 1: INTRODUCTION TO INVENTORY MANAGEMENT
MODULE 2: INVENTORY PLANNING AND FORECASTING
MODULE 3: INVENTORY CONTROL TECHNIQUES
MODULE 4: INVENTORY OPTIMIZATION STRATEGIES
MODULE 5: INVENTORY MANAGEMENT SYSTEMS
MODULE 6: WAREHOUSE MANAGEMENT AND LAYOUT

DAY 2

MODULE 7: SUPPLIER RELATIONSHIP AND VENDOR MANAGED INVENTORY (VMI)
MODULE 8: INVENTORY PERFORMANCE METRICS AND KPIS
MODULE 9: INVENTORY COST MANAGEMENT
MODULE 10: REGULATORY COMPLIANCE AND ETHICS IN INVENTORY MANAGEMENT
MODULE 11: CASE STUDIES AND BEST PRACTICES