Supply Chain and Logistics
Inventory Management and Control
Covers inventory planning, forecasting, stock control, and inventory optimization techniques. Emphasizes reducing inventory costs and improving service levels. Course Overview: Effective inventory management is vital for balancing supply with demand, minimizing carrying costs, and ensuring smooth operations. This course by 4D β The Fourth Dimension Training and Consultancy provides participants with comprehensive knowledge and practical tools to manage inventory efficiently. Topics include inventory classification, control techniques, demand forecasting integration, and the use of technology in inventory monitoring. Participants will learn strategies to reduce excess and obsolete stock while maintaining high service levels, leading to improved cash flow and operational performance. By the end of this course, participants will be able to: Understand inventory concepts and types Classify inventory using ABC and other methods Apply inventory control techniques such as EOQ and safety stock calculation Integrate demand forecasting with inventory planning Utilize technology and ERP systems for inventory management Develop policies to minimize stockouts and overstock situations Monitor inventory performance using KPIs Course Delivery Method: Instructor led classroom or virtual sessions Practical exercises and case studies Group discussions and problem solving workshops Use of inventory management tools and software demonstrations.
Objectives
- β Classify inventory using ABC and other models
- β Apply demand forecasting and stock replenishment techniques
- β Track inventory using barcoding, RFID, and WMS systems
- β Control shrinkage, obsolescence, and stockouts
- β Optimize inventory levels to balance cost and service
Target audience
- Inventory Managers and Supervisors
- Supply Chain and Logistics Professionals
- Warehouse and Operations Managers
- Procurement and Planning Staff
- Business Analysts involved in inventory control
Program outline
A clear structure for the learning journey.
Program outline
Outline points are grouped in one designed block instead of being treated as separate module cards.
Module 1: Fundamentals of Inventory Management
Definition, importance, and objectives of inventory management
Types of inventory: raw materials, work-in-progress, finished goods
Inventory costs and their impact on profitability
Module 2: Inventory Classification and Analysis
ABC XYZ FSN GOLF VED analysis and other classification techniques
Inventory turnover ratios and their interpretation
Criticality and demand variability analysis
Module 3: Inventory Control Techniques
Economic Order Quantity (EOQ) model
Reorder point and safety stock calculations
Just-in-Time (JIT) and lean inventory concepts
Vendor Managed Inventory (VMI) overview
Module 4: Demand Forecasting and Inventory Planning
Basics of demand forecasting for inventory management
Integrating forecasts into replenishment strategies
Seasonal and trend adjustments in inventory planning
Module 5: Technology in Inventory Management
Role of ERP and inventory management systems
Barcode, RFID, and automated data capture
Inventory tracking, cycle counting, and audit procedures
Module 6: Inventory Performance Measurement and Improvement
Key inventory KPIs: stock accuracy, fill rate, days of inventory
Strategies to reduce excess, obsolete, and slow-moving stock
Continuous improvement methods for inventory control
Materials provided
- β Slides used during the sessions
- β Group activities and exercises
- β Worksheets and templates
- β Case studies relevant to the course
- β 4D Certificate of Completion issued by The Fourth Dimension Training & Consultancy
- β Post-course support for technical queries and guidance
Training Options
Programs can be delivered in-house, online, or in a blended format depending on your team's schedule, location, and learning objectives. When an external certificate or exam is included, certification rules and fees remain under the relevant awarding body's policies, while 4D provides the training and preparation support.
Why choose 4D
At The Fourth Dimension Training & Consultancy, we don't believe in one-size-fits-all solutions. Each course we offer is carefully tailored to meet the unique goals, industry challenges, and team dynamics of your organization. Our expert trainers bring decades of hands-on experience and guide participants using real-world case studies, practical tools, and interactive methods. This ensures not only theoretical understanding but also direct relevance to the day-to-day work of your employees. We collaborate closely with your team to adjust content, language, and examples so that the training resonates deeply and delivers lasting impact.
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