Inventory Management Techniques: Planning, Replenishment and Activities Control

*The Strategic role of Inventory Management
– Inventory Management
– Inventory Cycle/Supply Chain
– Inventory Management Strategy
– Measurements for Inventory and other associated costs

*Front-End Optimizing of Inventory levels
– Optimum Inventory levels
– Forecast Demand for Inventory
– Calculate Demands from forecasting models
– Calculate safety stock

*Just-in-Time and Inventory Process Improvement
– JIT System
– Benefit of a JIT System approach
– Reducing Inventory carrying costs

*Systems for Inventory Planning and Replenishment
– Various types of replenishment techniques
– Average Inventory level
– Lead time on Inventory level
– Surplus/Obsolescent Inventory
– Material Requirement Planning (MRP) method

*Inventory Accuracy and Audits
– Inventory Control and Accuracy
– Physical Inventory vs. Cycle counting
– Work-in-process Inventory Audit
– Using A.B.C. Analysis

FOR WHOM:
Stores Purchasing and Logistics Personnel in the Public and Private Sectors