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Inventory Management


Overview

Types of Inventory Management

The key to success in most business areas lies in carefully balancing supply with demand. You isolate your market, determine what is needs and provide it accordingly. But this can only work if you’re able to meticulously manage inventory levels at all times. Inventory management is geared toward ensuring there is always enough stock on hand to cater to the immediate needs of the business. It is about fulfilling demand for whatever it is you offer, without stock shortages or oversupply becoming problematic. Just as efficient stock control represents a critical contributor to successful business operations, poor inventory control can be highly detrimental.

This insightful tutorial has been designed for business owners, senior managers and anyone involved in supply chain or inventory management. Explore the various types of inventory management, along with the principles of economic order quantity and how to effectively buffer supply and demand. Learn about uncertain demand and safety stock, the consequences of poor stock control and how to determine ideal stock levels for your business.

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Objectives

  • Understand what is  Inventory Management
  • Explore how to Develop Economic Order Quantity

Programme Content

Topics:

  • Buffering Supply and Demand
  • Types of Stock
  • Economic Order Quantity
  • Uncertain Demand and Safety Stock
  • Effort of Stock Control

Target Audience

  • Managers, supervisors and team leaders
  • Confident , self motivated and passionate candidates
  • Supply chain workers seeking for CPD
  • Logistics managers looking to expand knowledge and skills
  • Candidates looking to enhance their CVs
  • Anyone interested in developing knowledge and skills

Prerequisites

No prior knowledge is required to take this unit.

Overview

  • Participants:8 - 400
  • Duration: 2 - 3 hours
  • Participation:Only collaborative

Key Benefits

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Related

Course Level
Study Method Online
Course Duration 10 Hours
Start Date on going
Awarding Body BOLC
Pay in Instalment Full Fee £ 120, Deposite £ , ( £ 0/month )
Full Fee:    £ 120

Discount:    £ 30

Pay Today:    £ 90


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Pay in Full
Get £ 30 Discount Pay Today £ 90
you can pay Staff Training Solutions using payatrader
Pay in Instalment Full Fee £ 120, Deposite £ , (£ 0/month)
you can pay Staff Training Solutions using payatrader
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