Inventory & Stock Control Management

Jan | Feb | Mar 2022
5 Days
Online Live | Onsite


Inventory is a current asset to a firm. Carrying inventory comes with a certain degree of risk. This risk is a component of the cost of carrying inventory. When a company stocks items in the warehouse there is always the risk that the items may fall in real value during the period they are stored. If a company stored parts for their work centers or equipment, the parts in the warehouse could be worth far less than the price that was originally paid and any losses, excess, obsolete and miss-managed inventory means a reduction in the company equity.


  • • Improve management of inventories reaching from receiving products to storage and delivering
  • • See that movement to the end-user is adds value
  • • Professionally manage the inventory and supply chain and help you to reduce cost, improve customer satisfaction and increase safety and productivity
  • • Look “outside of the box”
  • • Understand the appropriate Inventory methods to be applied
  • • Establish more accurate forecast demands and maximize the degree of service by reducing your inventory with a time-conscious and integrated inventory management process


This training course is suitable for a wide range of professionals but will greatly benefit:
• Those new to managing inventory
• Those non inventory people who need to gain an awareness of the issues and key drivers of stock control operations
• Inventory, Stock, Supply Chain, Logistics, Warehouse and Distribution Professionals


• Inventory definitions and importance
• Inventory flow in the Supply Chain
• The Basic Rules of successful Supply Chain
• Supply Chain and Inventory dynamics
• Financial Management and Inventory
• Statistics application in Inventory Control
• Truths on Inventory visibility

• End-User Demand Analysis
• Forecasting for Operations and Maintenance
• Understanding Supply Lead Time
• Cost & Benefits analysis
• Developing Inventory policies
• The need for Inventory in organizations

• Basic mechanics of inventory systems
• Establishing Order Quantity
• Implications of Free stock in inventory
• Simple replenishment methods, for example, Min/Max
• Replenishment methods, Reorder Point and Reorder Level (ROP/ROL)
• Requirements planning systems, Bills of Material and inventory planning
• Class assignment inventory control methods

• Establishing Stock Checking
• Developing Stock accuracy
• Stock tolerances and approvals
• Stock reconciliations/discrepancies
• Identifying Surplus and obsolescent stock
• Identifying different Storage conditions
• Understanding Stock coding
• Stock Variety reduction
• Evaluating Inventory Performance
• Inventory Assessment
• Assessing the stock level
• Models for implementing inventory control
• Determining stock targets
• Establishing Inventory questionnaires
• Inventory KPI’s in warehouses/stores

• Creating Inventory Policy
• The role Stock Committee
• Understanding Critical stock
• Establishing the Use of squirrel stores
• Collaborative supply chains
• Incoterms and the supply chain rules
• Understanding Vendor Managed Inventory (VMI) and Co Managed Inventory (CMI)
• Developing the need for Consignment stocking
• Telemetry
• Information, Communication and Technology in Inventory Control
• Inventory Improvements
• Using the Supply Chain
• Using the Theory of Constraints
• Practical inventory improvements
• Keys to reducing stock levels
• The 7 Rules for planning inventory
• Model for planning inventory


Mark Steele

Mark is certified trainer with 20+ years of experience in gulf and London. He has trained batches, corporates, individuals and companies from all over the world.

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