Inventory Management Techniques

Course Outline

Overview

This training workshop leads delegates through the key models and techniques to effectively manage a range of inventory types from establishing mission critical items’ reorder profiles, through to safety stock and overall inventory analysis/profiling to ensure stock availability at optimal cost to the organization.

Agenda

• ABC/XYZ, EOQ, Mean & Standard Deviation
• Managing Mission Critical Inventory
• Managing Safety Stock

Target Audience

This training workshop is suitable for:

• Inventory Managers
• Stock Controllers
• Supply Chain Managers

Learning Outcomes

Upon completion of this training workshop, you will:

• Understand and utilize a range of inventory analytics.
• Effectively manage mission critical re-order profiles to ensure availability at optimal cost.
• Effectively manage and adjust safety stock levels.