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Inventory management

Overview

Inventory management 

CPDAchieve the right balance between inventory and demand

 

By the end of this course you will be able to:

  • Understand the basics of stock management and how it impacts on the business and customer service
  • Understand and implement different types of replenishment system
  • Understand the costs associated with stock holding
  • Analyse warehouse stock and suggest ways of reducing stock and minimising inventory
  • Better understand the material requirements planning process
Date: Tuesday 07 November 2017
Venue: De Vere Devonport House
Fee: Members - £450.00 per person
  Non-members - £500.00 per person

Availability:

Bookings are no longer being taken for this event

Audience

Is it right for me?

 

Managing inventory is a critical activity in any business.  It supports the delivery of goods to the customer and defines the level of customer service.  This course will provide you with the knowledge and techniques to better manage your inventory and how this can impact positively both on customer satisfaction and on your bottom line.  It will also allow a greater understanding of the costs associated with storage and how to reduce these through improved management.

Programme

What key points will the training cover?

 

  • Replenishment methods, systems and variations
    - Re-order point
    - Periodic review
    - Impact of uneven demand
    - Managing demand
    - Materials requirements planning
    - Kanban systems
    - Consignment stocks
  • Management of inventory
  • The review cycle

Speakers

ArcBlue (formerly PMMS) has been at the forefront of the procurement profession for over 30 years, developing many of the leading concepts, techniques and processes which underpin effective supply management, operating with a team of respected consultants with a wide range of industry knowledge and experience.

Fee

Member: £450 (excl. VAT)

Non-member: £500 (excl. VAT)

 

Fee includes:

Lunch, refreshments and all course materials

 

Inclusive e-learning:

Interpreting workflow data

Venue

7 November 2017
De Vere Devonport House, London

 

If you require accommodation for the night before this event, please use the form below. All accounts must be settled in full on departure.  Please indicate the course title in the 'Additional information' box.  Alternatively, you can contact the CIPS Accommodation Line on +44 (0)2476 369585.

If your query is regarding course details (content, timings, costs, etc.), please contact events@cips.org or call +44 (0)1780 756777.

 

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