Training Online – Advanced Inventory Management

BENEFIT

• Reduce your cost of inventory obsolescence
• Become truly responsive to your customer’s real needs
• Narrow the gap between sales and stock replacement
• Determine your material status and inventory

OUTLINE

• The Effect of Inventory Size on The Profitability of a Business
• Assessing How Much Inventory You Have
• Key Inventory Indicators
• Using Lead Times to Calculate When to Order Stocks
• Calculating Safety Stocks
• Economic Order Quantity Analysis
• Calculating Ordering Costs
• Calculating Holding Costs
• Profiling Your Inventory
• Price Break Analysis
• Ranking Analysis
• Counting Your Inventory
• Inventory Control Tools
• Pareto Principle
• ABC Inventory Control
• Cycle Counting
• Applying Lean Methods to Inventory
• The Principles of Just in Time (JIT) Inventory Management
• Forecasting Your Inventory

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