COURSE OVERVIEW

This practical and highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using our state-of-the-art simulators.

Inventory planning and control is a critical process within the Supply Chain Management (SCM) which ensures continuity of supply of the inventory at the lowest cost. Effective inventory planning will help the SCM team improve the accuracy of forecasts, ensure enough inventory levels at all times, and enhance profitability by optimizing the expenses. The control side of this process is to ensure that plans are being met and to take the necessary actions) when otherwise.

Inventory availability is the most important aspect of customer service, and the cost of inventory is one of the most important entries on a company’s balance sheet. Demand planners are the “behind the scenes professionals” who are entrusted with this mega load. When they do their job right no one recognizes them, however, they will be noticed quickly when they fail to deliver given the negative impact this will have on customer service and the bottom line.

This course is designed to provide participants with a comprehensive knowledge on inventory planning and control. It will give them the tools needed in order to employ enough inventory to assure high levels of customer service, while avoiding excessive inventory levels that can create losses.