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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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Training Avaliability and Delivery

This is primarily ilt training
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Training Presented in:English

Related Keywords:  career   supervisor   management   online   sales   engineer   employment   program 

Training Program Details


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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 Meirc Training and Consulting - Training Provider

Meirc Training and Consulting - Meirc offers an impressive range of Dubai training, consulting, Certification, Seminars, Management Course, nlp training dubai, business training, Finance and Quality Training, training, career training dubai, supervisor training dubai, management training, leadership training, sales training, project management training dubai, neuro linguistic programming dubai, human resources dubai,...

More Materials Management Training from Meirc Training and Consulting

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