Training Program Details
Introduction to Inventory Management
Objectives and Responsibilities of Inventory Management
Customer Service in Inventory Management
Inventory Management in the Arab World
Description and Classification of Inventory
Types of Inventory
The ABC Inventory Classification
Materials Specifications/ Cataloguing
Forecasting Demand and Lead Time
Techniques of Forecasting
Seasonal Demand
Moving Average
Exponential Smoothing
Control of Lead Time
Inventory Systems
Inventory Costs
The Max-min System
When and How Much to Order
Safety Stocks
How to Deal with Quantity Discounts
Counting and Controlling Inventory
Counting Methods and Accuracy
Reducing Inventory Investment
Identification and Disposal of Surplus
Just-In-Time (J.I.T.) Method
Measuring Inventory Management Performance
Key Performance Indicators (KPIs) and Targets
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