Inventory management can make or break a business. Inventory is often the largest item in the current assets category on a balance sheet. Issues with inventory can contribute to business losses, even failures. Proper management of the supply chain, on the other hand, can allow a business to thrive.
Good inventory management strikes a balance between the amount of inventory coming in and going out. It controls the timing and costs of non-capitalized assets and stock items, allowing a business to reach optimal profitability.
The Complete Course on Inventory Management, intended to provide an understanding how inventory management techniques can be used in a wide variety of situations, particularly in stores where the inventory can be anything from fast moving products to slow-moving spares.
This comprehensive 5-day training course examines the renewed emphasis on running organizations leaner, effectively and efficiently. The renewed pressure to reduce cost as well as investment, while maintaining customer service levels is essential in world-class performance. Inventory Management is still one of the least understood practices in many companies and managers often fail to see the causal link between Inventory Management and good business results.
At the end of The Complete Course on Inventory Management, Participants will be able to :
- Plan and Maintain Inventory at Sufficiently High Level to Support Production and Operations Activities Smoothly
- Minimize Investment in Inventory at Minimum Level to Maximize Profitability
- To Evaluate Investment in Inventory at Optimum Level Thus Minimizing Carrying Cost of Inventory
- Establish Selective Inventory Management Control Utilizing Value and Criticality Analysis
- Establishing Minimum Inventory Ordering Cost Using Economic Order Quantity Principles
The Complete Course on Inventory Management is ideal for :
- Those involved in inventory, albeit as supplier, buyer, materials planner, warehousing, finance or even end-customer
- Professionals and staff in the organization who are responsible for reducing costs, increasing productivity, raising inventory turns and enhancing customer service through high fill rates, accurate information and excellent order fulfillment
Our courses in Kuala Lumpur take place at the following location :
Once you register, we will subsequently send you the course details, including the location, trainer, and other logistical information.
Pay Attention, Please! The course location at our offices is subject to availability. Should our office be unavailable, we will secure an alternative nearby venue and promptly inform you of the change. The exact time and location will be confirmed one week prior to the course commencement.
