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Provided by: Meirc Training and Consulting Inventory Planning and Stock Control |
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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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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
