Inventory Planning and Stock Control

Meirc Training and Consulting
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This program is designed for Those involved in inventory materials planning and stock control at the operational and supervisory levels. Also, those working in other functions of materials management purchasing, stores, distribution who need to understand the mechanics of inventory planning and stock control. This program is worth 25 NASBA CPE?s.

  • Plan and control stock successfully and cost effectively using proven techniques of inventory management.

  • Forecast demand and control lead time.

  • Classify, count and reduce inventory.

  • Reduce inventory investment and surplus.

  • Use the right key performance indicators KPIs for the measurement and evaluation of the inventory department.

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This is primarily ilt training
Training Presented in:English
Training Provided by Meirc Training and Consulting
  • S asked: This is something I'm interested in taking. Is it available in Toronto or Mississauga Ontario. Please provide course , price and location details asap. Marketing Assistant Canada --
  • S asked: Please send info on training dates and places. I am interested in all types of training for inventory management and Warehousing. Please send anything you have on that.
  • L asked: How and when do you offer this course and what is the cost and scheduled dates?
  • asked: Details of training
Inventory Planning and Stock Control
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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

  • Periodic and Cycle Counting

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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About The Training Provider: Meirc Training and Consulting
Meirc Training and Consulting - Meirc Training and Consulting offers a comprehensive range of training courses and executive training in Dubai and outside UAE in regions which include the Middle East, North Africa and Europe. Meirc has expertise in wide areas as follows: Administration and Secretarial, Communication Skills, Contracts Management, Customer Service, Finance and Accounting, Human Resources Management,...
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