Inventory Control Techniques

Level
Total time

Inventory Control Techniques

The Chartered Institute of Logistics and Transport
Logo The Chartered Institute of Logistics and Transport

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Description

Aims:

This course focuses on stock control for bought in items, finished goods and general stores stock control. It will demonstrate the ways to determine how to give best customer service, how to reduce inventory investment and assess and react to changing customer requirements, as well as how to integrate the inventory effectively into the supply chain while maximising control without increasing workload.

Target audience:

This course is designed for all those responsible for stock controllers, inventory managers and materials schedulers.

Course content:

  • Stockholding targets
  • Customer service and availability
  • Inventory costs
  • Structuring stockholding
  • Pareto analysis
  • Structuring inv…

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Aims:

This course focuses on stock control for bought in items, finished goods and general stores stock control. It will demonstrate the ways to determine how to give best customer service, how to reduce inventory investment and assess and react to changing customer requirements, as well as how to integrate the inventory effectively into the supply chain while maximising control without increasing workload.

Target audience:

This course is designed for all those responsible for stock controllers, inventory managers and materials schedulers.

Course content:

  • Stockholding targets
  • Customer service and availability
  • Inventory costs
  • Structuring stockholding
  • Pareto analysis
  • Structuring inventory for least effort and best results
  • Item stock levels
  • Safety stocks
  • Review levels
  • Forecasting
  • Organising supply
  • Schedules and delivery quantities
  • Cost reduction
  • Supply chain
  • Consignment stocks and VMI
  • Lean logistics
  • Supply partnering
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There are no frequently asked questions yet. If you have any more questions or need help, contact our customer service.