Industry Forum

Inventory Management Essentials

Course overview:  

This course provides an introduction to the Principles of Inventory Management and aims to give all delegates a functional knowledge and understanding of inventory management, control principles, roles, responsibilities, and techniques leading to greater input in the overall Supply Chain strategy of an organisation.

Inventory Management is a key strategic enabler in a company's ability to design their manufacturing process, deliver to customer expectations and minimise overall costs. By using these techniques the company will gain better understanding across inventory management fundamentals, ordering techniques, replenishment policies, purchasing management and inventory performance measurements.

Who should attend:  

As inventory management affects all aspects of manufacturing and service operations this course is aimed primarily at professionals from the disciplines of: Finance, Supply Chain, Procurement, Customer Service, Warehouse Management.

Certification: 

Upon completion of the course you will receive an Industry Forum certificate of attendance.

Benefits and Learning Objectives:  

Benefits to the Professional:

  • Greater understanding of the goals and objectives of inventory management
  • Introduction to the tools and techniques of inventory management
  • Learn how to manage and control inventory accuracy
  • Identify and correct inventory bubbles
  • Optimise inventory levels to support customer expectations

Benefits to the Organisation:

  • Implement an inventory management process across your organisation
  • Capability to understand and implement
  • Cost of Goods Reduction (COGS) programmes
  • Trained resources to provide accurate and real time inventory reporting Improve working capital requirements
  • Enhance Customer Service

Topics covered: 

  • Fundamentals of Inventory Management 
  • Purpose and functions of Inventory Management 
  • Inventory replenishment techniques 
  • Inventory Control Process 
  • Introduction to the tools and techniques of Inventory Management 
  • Performance metrics and calculations 
  • The hidden costs of Inventory Management

Introduction to IF

We have been delivering significant and measurable performance improvements for leading global manufacturers for more than 25 years and believe there is no one size fits all approach to driving competitiveness across the industry. Toyota, Rolls Royce and Electrolux are among the brands who have tapped into our expertise to ensure they remain on top in their own fiercely competitive markets.

Why choose Industry Forum:  

Industry Forum helps major global manufacturers understand, optimise and improve both manufacturing capability and business performance.

An integrated team of consultants and practitioners - all seasoned expert engineers with multi-sector manufacturing experience - Industry Forum brings together a world-class combination of improvement competency, insight, process and best practice.

Spanning automotive, aerospace, consumer appliance, electronics and food sectors, for over 20 years Industry Forum has planned and delivered some of the world's most consistent and successful transformations for business-critical manufacturing operations.

Our trainers are expert practitioners with hands-on industrial experience and highly developed communication skills. They have all been through the APICS Instructor Development Programme.


Course booking details: 

Leading Expertise
We don’t employ “trainers”, rather a team of experienced industry experts who are able to apply their knowledge to your business

Proven Capability
We have been helping organisations like yours for over 25 years to deliver and maintain sustainable improvement

Attainable Results
We know what’s possible and how to help you achieve it by utilising our tried and tested techniques for long term success

Robust Execution
We believe that training should be through a ‘learn by doing’ approach with coaching and mentoring wherever possible

No available dates for this course at present. Please fill in the form below to register your interest.

Contact Us