Inventory Management

Managing your inventory well is a critical success factor in your supply chain. But inventory management remains people work. Every day you face essential questions such as: What should I order and when? How can my information system help me? How do I make a rational choice? How can I reduce inventory?

What you need is an insight into your inventory management on an operational level. Want to get started right away on realizing concrete improvements in your stock? Then choose the inventory management training at ATIM.

Price

€2.480,-

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Duration

3 sessions

Content

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After this 3-day course, you will have a better understanding of the function and cost of inventory. The importance of service level is also covered. You will learn to better set parameters (such as order size, order point, etc.) using formulas from now on. Target performance indicators and better visualize your inventory. The training will give you insight into the advantages and disadvantages of your own and other stock models. And you will discover improvement opportunities for your own organization.

The basis of the 3-day Stock Management training course are current business issues. Using theory as a guide, you will work with this in individual practical exercises and group assignments. This is what makes the inventory management training effective!

Program

Day 1
Stock and inventory management - the importance

  • What is the importance of inventory management?
  • What is the function of stock?
  • What are your inventory costs?
  • Which items require the most attention?
  • What is the meaning of service level?
  • Why and how much safety stock?

Inventory management - ordering systems

  • What systems are there? What are the advantages and disadvantages? When are they applied?
  • What models do you use and why?
  • How can MS Excel help you?

Inventory management - how much and when to order?

  • How do you determine the optimal order quantity: for regular, irregular and one-time demand?
  • What is the impact of the ordering point?
  • How do you determine the optimal ordering point: for unknown demand, for unknown delivery time, for both?

Day 2
Inventory management - forecasting

  • What are demand patterns?
  • What are the methods for predicting demand?
  • What techniques are used in practice to predict demand?
  • What are advanced prediction techniques?

Supply Chain game

  • Set up inventory management for a fictitious chain
  • Measure, evaluate and optimize until desired results are achieved
  • What is the bull-whip effect?

Day 3
Sales & Operations Planning (S&OP).

  • How can you align sales and production?
  • How can demand management contribute to the bottom line?

Inventory management - how can it be done better?

  • How good is your inventory management: how can you measure it?
  • What performance indicators do you choose?
  • What role does supplier management play in improving inventory management?

Stock management in the chain

  • How can your organization benefit from supply chain inventory and information?
  • Where is your stock in the chain?
  • What is the impact of the product life cycle?
  • As a planner or inventory manager, you are engaged in inventory management at the operational level.
  • You will be responsible for determining and monitoring inventory parameters.
  • You are employed in an industrial organization, trading company, in the service or non-profit sector.

During the Stock Management training you will learn to apply the theory directly in practice. For example, you will carry out practical assignments in which you can work with figures from your own organization.

We assume you are familiar with MS Excel. Basic knowledge of statistics is desired.

Individual practical exercises, group assignments and interaction with your trainer and fellow students have been the success factors of this inventory management training for years. For this reason, we can only allow a limited number of participants to participate in this 3-day classroom training.

Prefer a customized training? As little as 5 participants, we can organize the Inventory Management in Practice training in-house at your premises. Please contact us to discuss the possibilities.

The Stock Management in Practice course consists of 3 class days. The class times are from 9 a.m. to 5 p.m. The training is organized centrally in the country.

The cost of the 3-day training course Inventory Management in Practice is € 2,480 (excluding VAT) per person. This amount includes coffee/tea, all lunches and documentation materials.

VAT-free

Are you taking the course privately? We can invoice you VAT-free. Invest in your future, ask about the possibilities.