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Managing Inventory

Managing Inventory

Delivery

Virtual Workshop

Duration

8 x 2 hours

Leverage Inventory Management for Strategic Advantage

This course focuses on inventory management techniques and their pivotal role in enhancing supply chain performance across industries. It emphasises the connection between effective inventory strategies and a company’s competitive edge. By mastering these techniques, participants can achieve improved customer service, streamlined operations, and optimised asset utilisation.

Throughout the course, learners will explore real-world case studies and best practices to develop the knowledge and skills necessary for crafting, implementing, and refining inventory strategies. Whether you’re an experienced professional looking to enhance your expertise or a newcomer seeking fundamental insights, this course provides a comprehensive roadmap for leveraging inventory management as a strategic advantage.

Key Content

Introduction to inventory management

Exploring different types of inventory and their characteristics

Traditional inventory control models

Development and implementation of advanced inventory control methods

Organising inventory within supply chains

Distribution Requirements Planning (DRP)

Strategies for ongoing refinement and optimisation of inventory strategies

Course Format

Duration

8 x 2 hours

Delivery

Virtual Workshop via Zoom

Work-based activities, including presentations, group work and case studies

Understand the purpose of inventory management within a supply chain strategy

Grasp the different types of inventory and the true cost of stockholding

Familiarise yourself with the principles of traditional fixed period and fixed quantity models of inventory control

Gain insight into the development of modern inventory control techniques

Acquire knowledge about the benefits of ``dynamic`` stockholding models that integrate demand forecasts, tracking signals, and seasonality factors

Learn how to strategically organise inventory within a supply chain network to optimise customer service and operational efficiency

Evaluate the potential advantages and disadvantages of Distribution Requirements Planning (DRP)

Benefits for you

Enhanced strategic insight, gaining a deeper understanding of inventory management strategies and their critical role in supply chain optimisation

Improved operational efficiency by mastering advanced techniques to streamline operations, reduce costs, and enhance customer service

Learn how effective inventory strategies can give your company a competitive edge in the market

Apply real-world case studies and hands-on exercises that equip you with the skills needed to implement and refine inventory strategies

Benefits for your organisation

Equips your team with the knowledge and skills to optimise inventory management, leading to improved supply chain efficiency

Implementing advanced inventory techniques to help your organisation reduce holding costs and minimise overstock and stock-outs

Gain a competitive edge by strategically managing inventory, resulting in better customer service and increased customer satisfaction

Develop a skilled workforce capable of adapting to evolving market conditions and supply chain challenges

Any Questions?

If you would like assistance with your course selection, please complete the form below
or call 1300 950 251