This course on inventory management is designed to bridge the gap between theory and practical application, highlighting its importance in enhancing business performance. You'll explore essential skills such as inventory classification methods, replenishment planning, and demand forecasting, all aimed at making informed decisions that improve operational efficiency. Through real-world case studies, you'll learn to address challenges like dead stock and performance metrics, ensuring you leave with actionable knowledge that can make a tangible impact on your work.
What you'll learn
classify inventory using ABC, FSN, and XYZ analysis
plan replenishment with reorder points and safety stock
apply forecasting techniques for demand planning
identify and manage dead stock
improve inventory performance using key KPIs
Course objectives
equip learners with practical knowledge of inventory management
enhance decision-making confidence in inventory-related tasks
demonstrate real-world applications through case studies