Inventory Planning and Stock Control
AED 3499.00
Inventory Planning and Stock Control
Course Description
This three-day course equips participants with tools and techniques for effective inventory management, ensuring optimal stock levels and minimizing costs.
Learning Objectives
• Inventory Management Basics: Understand the importance of inventory in supply chains.
• Demand Forecasting: Learn methods to forecast demand accurately.
• Cost Control: Develop strategies to reduce carrying and holding costs.
• Inventory Optimization: Implement practices for efficient stock management.
Course Outline
Day 1: Fundamentals of Inventory Management
• Overview of inventory systems
• Importance of inventory planning
• Key inventory metrics
Day 2: Demand Forecasting and Stock Control
• Techniques for accurate forecasting
• Stock control methods
• Managing seasonal and fluctuating demand
Day 3: Inventory Optimization and Cost Reduction
• Inventory turnover improvement
• Reducing holding and carrying costs
• Case studies in inventory efficiency