Inventory Planning & Stock Control
| Course ID : | LAW228 |
| Course Duration : | 4 Days |
| City : | Abu Dhabi |
| Location : | UAE |
Introduction
This program focuses on the principles and techniques of inventory planning and stock control. Participants will gain practical knowledge to optimize inventory levels, reduce costs, and enhance operational efficiency by effectively managing stock and ensuring timely availability of resources.
Course Objectives
- Understand the fundamentals of inventory planning and stock control.
- Learn methods to optimize inventory levels and reduce waste.
- Develop skills for managing stock turnover and replenishment.
- Implement strategies to improve overall supply chain performance.
Course Outlines
- Principles of inventory management and its role in operations.
- Techniques for inventory planning and forecasting demand.
- Stock control methods: turnover rates, safety stock, and reorder points.
- Evaluating and improving stock management systems.
Outcomes
- Master inventory planning to balance supply and demand effectively.
- Reduce operational costs through efficient stock control strategies.
- Enhance stock availability while minimizing overstocking and shortages.
- Strengthen supply chain processes for better organizational performance.