Inventory and Planning Management (Certified By ILM)
Management & Leadership · 5 Days · Public · Accredited by ILM · From USD 4,500
Overview
As an inventory control & warehouse professional, you probably already know what to do to forecast future inventory needs maintain acceptable levels of inventory and safety stock good handling for the warehouse operations and keep accurate inventory records. But in a world filled with human error lost and misplaced overstock and unrealistic demands from customers, coworkers, management, vendors and suppliers, you need real-world answers about HOW you can organize, build and maintain the smoothest‐running inventory management system possible.
Learning Objectives
Be provided with a thorough understanding of the knowledge, skills and competency
required to plan and control the materials at the workplace.
Plan the right amount of materials so as to reduce the inventory holding cost
Be provided with adequate theft preventive measures.
Be in a position to apply their new skills directly to their everyday working environment.
Plan and control stock successfully and cost effectively using proven techniques of inventory management.
Forecast demand and control lead time.
Classify, count and reduce inventory.
Reduce inventory investment and surplus.
Use the right Key Performance Indicators (KPIs) for the measurement and evaluation of the inventory department.
Who Should Attend
This course is designed for professionals working in management and leadership, as well as those whose responsibilities require a stronger practical grasp of the subject and its application within their organisation.
Professionals in Management & Professional Skills
Managers, team leaders and supervisors
Heads of department and function leads
Course Outline
Day 1 — What is Material & Inventory Logistic Management all…
The Roles, Responsibilities and Functions of Material & Inventory planning & control.
Meeting the Manager and Management’s expectation.
Know the Benefits of Material & Inventory control
What is the Central Role of Materials in an Organization
Day 2 — The ABC Inventory Classification
Inventory classification methods
Materials Specifications/Cataloguing
Importance of forecasting
Quantitative methods
Day 3 — Techniques of Forecasting
Seasonal Demand
Moving Average
Control of Lead Time
Inventory Costs
Day 4 — When and How Much to Order (EOQ)
Controlling Safety Stocks
How to Deal with Quantity Discounts
Counting Methods and Accuracy
Periodic and Cycle Counting
Day 5 — Identification and Disposal of Surplus
Material Requirements Planning (MRP)
Just‐In‐Time (J.I.T.) Method
Key Performance Indicators (KPIs) and Targets
Qualities of the Inventory Specialist
Accreditation
Accredited by ILM. On completion delegates receive an Al-Khobraa certificate of achievement.
Is Inventory and Planning Management (Certified By ILM) accredited?
Yes. Inventory and Planning Management (Certified By ILM) is accredited by ILM. Delegates who complete the course receive an ILM-accredited certificate issued through Al-Khobraa, a Saudi-registered training provider.
How long is Inventory and Planning Management (Certified By ILM)?
Inventory and Planning Management (Certified By ILM) runs over 5 days. The exact dates and start city for every confirmed session are listed in the dates section on this page.
How much does Inventory and Planning Management (Certified By ILM) cost?
The fee for Inventory and Planning Management (Certified By ILM) is USD 4,500 per delegate. Each confirmed session shows its own fee on this page, and in-house delivery for a team is quoted separately. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support.
Where is Inventory and Planning Management (Certified By ILM) held, and can I attend online?
Confirmed classroom sessions run in Kuala Lumpur and Doha. A live virtual classroom can be arranged on request.
Can Inventory and Planning Management (Certified By ILM) be delivered in-house for our team?
Yes. Inventory and Planning Management (Certified By ILM) can be delivered in-house at your own premises anywhere in Saudi Arabia or the wider GCC, with the content, dates and language tailored to your team. Contact Al-Khobraa for a quotation.