Effective Inventory management & Forecasting

SR Supply Chain Consultants
Course summary
1 day
165 GBP excl. VAT
Professional Training
Next available date: Enquire for more information - Online courses
Course Dates
Online courses
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United Kingdom
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Course description

Effective Inventory management & Forecasting

In today’s world “Cash is King”. The challenge for the Inventory Manager is to consistently achieve high stock availability (Service Levels) with the lowest possible Stock Value!
This course will help the delegate to thoroughly understand the role of the Inventory Manager and equip them with the tools and techniques to optimise their performance.

Due to Covid19 this course is now being held as an online interactive webinar - Please Contact us for details - we can arrange this session for your homeworkers for up to 12 delegates

Suitability - Who should attend?

Anyone involved in Supply Chain, Inventory Management and finance who has an interest in the management and movement of stock, categorisation of products / Stock Keeping Units (SKUs) and ensuring optimum availability (Service Levels) whilst minimisng stock levels.

Outcome / Qualification etc.

Upon completion of this course every delegate will be able to:

  • Have a full understanding of the role and key objectives of the Inventory Manager
    Be able t categorise Stock Keeping Units (SKUs) / parts effectively to prioritise their activity
  • Have an understanding of all key stock replenishment systems e.g. MRP, Kanban etc. and how they work in practice
  • Recognise that suppliers and supplier relationships are critical to success and to understand what they require from suppliers to optimise their position
  • Understand the effect that Stock holding has on Finance and the Organisation’s cashflow and the importance of the Inventory Managers role in this.

7 hours CPD

Training Course Content

Course Objectives:

  • To ensure that delegates:
  • Fully understand the role and importance of optimised Inventory Management
  • Become familiar with stock replenishment systems e.g. SKU categorisation, Pareto Analysis applied to Stock Management, Kanban, MRP etc.
  • Have a thorough understanding of the financial implications of Stock holding.
  • Understand the role of suppliers in optimising their Inventory Management Position.
  • Are able to influence key stakeholders to enable them to optimise their opportunity

About provider

SR Supply Chain Consultants Ltd - Developing the People Behind Procurement & Supply

SR Supply Chain Consultants Ltd have been delivering procurement  training for a number of years, specialising in the delivery of the Chartered Institute of Purchasing and Supply (CIPS) qualification, and the Commercial Procurement and Supply Apprenticeship. SR Supply Chain Consultants...

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Contact info

SR Supply Chain Consultants

Suite 8 Business First Centre Millennium Road
PR2 5BL Preston

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