Effective Inventory Planning is essential for maintaining the right balance between stock availability and operational efficiency. The Inventory Planning & Stock Optimization Training Course provides participants with practical knowledge and proven techniques to improve inventory performance, reduce carrying costs, and prevent stock shortages. The course explores essential concepts such as ABC analysis, EOQ, stock control, and inventory turnover to help organisations achieve greater supply chain efficiency.
Designed as part of the Logistics & Supply Chain Management Courses under the Managementcategory, this training also focuses on forecasting, demand planning, replenishment strategies, inventory performance measurement, and continuous improvement. Participants will gain practical skills to optimise stock levels, improve warehouse operations, and support better business decision-making through effective Inventory Planning practices.
Course Objectives
By the end of the course, participants will be able to:
Upon completing this course, participants will be able to:
Understand the principles and importance of Inventory Planning.
Apply ABC analysis to classify and prioritise inventory items.
Calculate and implement EOQ (Economic Order Quantity) for cost-effective purchasing.
Improve stock control procedures to minimise shortages and excess inventory.
Develop effective forecasting techniques for demand planning.
Design efficient replenishment strategies based on business requirements.
Measure and improve inventory turnover for better operational performance.
Reduce inventory holding costs while maintaining service levels.
Monitor inventory KPIs and optimise warehouse stock management.
Support supply chain performance through data-driven inventory decisions.
Target Audience
This course is suitable for:
Inventory Planners
Supply Chain Professionals
Warehouse Managers
Logistics Managers
Procurement Officers
Inventory Controllers
Operations Managers
Demand Planners
Purchasing Professionals
Business Owners responsible for inventory management
Course Outline
Module 1: Fundamentals of Inventory Planning
Introduction to Inventory Planning
Types of inventory and their functions
Inventory costs and performance measures
The role of inventory in supply chain management
Module 2: Demand Forecasting and Inventory Analysis
Principles of demand forecasting
Forecasting methods and accuracy
Conducting ABC analysis
Inventory classification techniques
Module 3: Stock Control and Inventory Optimisation