Additional information
| Course Duration | |
|---|---|
| Training Location | |
| Delivery Format |
- From: Apr 05, 2027
- To: Apr 08, 2027
-
Duration:
4 Days
- Location:
Course Code: AX-PSC-003
Certified Inventory Professional
Demand Planning, Inventory Optimization & Stock Control
$4,950.00
Course Information
Course Overview
Effective inventory management is essential to maintaining continuity of supply, controlling costs and delivering the required level of customer service. Demand planning and inventory control enable organizations to balance inventory availability with working capital requirements while minimizing unnecessary stock and associated costs.
This Certified Inventory Professional training course provides participants with practical knowledge of demand planning, forecasting, inventory classification, replenishment, safety stock, reorder points, inventory accuracy and performance management.
Learning Objectives
- Understand the objectives of inventory management and their impact on cost and customer service
- Classify inventory effectively and apply appropriate item specification and cataloguing practices
- Apply forecasting techniques to predict demand and manage lead times
- Calculate optimum ordering quantities, safety stocks and reorder points
- Improve inventory record accuracy through effective counting and control procedures
- Develop approaches to reduce unnecessary inventory investment
- Apply Just-in-Time (JIT) and pull-based inventory management techniques
- Identify and manage surplus and excess inventory
- Establish appropriate inventory KPIs and performance targets
- Evaluate inventory planning and control performance and identify improvement opportunities
Who Should Attend
- Inventory Management
- Demand Planning
- Supply Chain Management
- Purchasing and Procurement
- Warehousing and Stores
- Distribution
- Logistics
- Materials Management
- Supply Chain Planning
Course Outline
This course covers the following core modules:
- Introduction to Inventory Management
- Inventory Description, Classification & Demand Planning
- Inventory Planning and Replenishment Systems
- Inventory Counting and Control
- Just-in-Time Inventory Management
- Measuring Inventory Management Performance
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