Inventory Management

This training is designed to equip Participants with the essential knowledge and practical skills needed to manage inventory effectively. Participants will gain a deep understanding of replenishment, and inventory classification techniques, and learn how to apply globally recognized best practices to improve operational performance.

Through an interactive discussion, attendees will explore key inventory management concepts, including Economic Order Quantity (EOQ), Safety Stock, ABC Classification, and Reorder Point systems. The training also focuses on aligning practices with global standards to ensure consistency, efficiency, and cost control across operations.

By the end of the workshop, participants will be able to design and implement data-driven inventory strategies that minimize stockouts and excess inventory, enhance service levels, and support overall organizational objectives

This program is designed for:
- Inventory controllers, storekeepers, and warehouse staff.
- Supply chain, procurement, and operations professionals seeking stronger inventory knowledge.
- New employees involved in stock control or replenishment activities.
- Professionals aiming to improve accuracy, efficiency, and decision-making in inventory operations.
- Anyone responsible for managing stock levels in retail, manufacturing, or service environments.

By the end of this program, participants will be able to:
- Understand the fundamentals and importance of effective inventory management.
- Apply inventory classification techniques such as ABC analysis and other segmentation methods.
- Implement replenishment strategies to maintain optimal stock levels.
- Reduce stockouts, overstocking, and associated operational costs.
- Use best-practice methods to improve accuracy, forecasting, and warehouse performance.
- Support organizational goals through better inventory planning and control.