Category: ,

Cost: £349

Duration: 1.00 days

If you would like to find out more about this course, or discuss running this in-house then please click the Enquire button.


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.

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

Certification: 

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


Why choose Industry Forum:  

Industry Forum is an approved APICS Channel Partner offering a comprehensive range of Supply Chain training, audit and consultancy services.

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 in Supply Chain Management with hands-on industrial experience and highly developed communication skills.  They have all been through the APICS Instructor Development Programme.

They have a wealth of technical expertise and often provide on-site advice and coaching. During every course we will encourage collaboration and sharing of practical experiences, ensuring learning can be put into context and empowering delegates to apply their new skills successfully in their workplace as well as making sustainable improvements.

Training can be offered either through open courses or in-house to suit the customer requirements.


Offer

To celebrate the launch of Industry Forum’s Supply Chain Essentials Courses and the S&OP Practitioner course, we are extending our “buy one get one free” offer to include the following course instances – enabling either a free place on the same course for another candidate or another course for the same candidate, subject to Terms and Conditions below:
 
For more information about this offer, please email courses@industryforum.co.uk quoting LAUNCH in the email
 
12th June
 
12th – 13th June
 
11th June
 
26th June
 
27th June
 
Terms and conditions:
  • Offer open to SMMT and non-SMMT members
  • Cheapest course is free
  • Offer can be used for two delegates on the same course or one delegate on two courses – Note. If one delegate is attending two courses then the first course must be attended before the end of June and the free course must be attended before the end of 2019 (course schedule available at www.industryforum.co.uk )
  • Bookings must be made by midnight on the 30th June 2019
  • Bookings must be made via the Course Booking Form using code ‘LAUNCH’
  • Industry Forum reserve the right to amend, extend or remove the offer at any time
  • SMMT members can use this offer in addition to any other SMMT Membership offers applicable to them

Course booking details –  

Date & Time Venue Cost Availability Take Action
19/11/2019 - 19/11/2019  09:00 - 17:00 Birmingham, United Kingdom £349 Spaces Available Book

Further information