FUNDAMENTALS OF INVENTORY MANAGEMENT

IOSS is an Internationally accredited provider of versatile Industrial & Non-Industrial training and consultancy services offering high quality, practical support to our clients. Our training courses are designed based on local and international standards delivering industry best practices to our delegates.

The goal of IOSS training courses is to ensure that all individuals reach a certain level of competence to work more safely on-site, reducing the risk to themselves and others.

Procurement, Supply Chain Training courses are designed to meet the requirements of modern industries and to provide knowledge and skills for understanding and preventing hazards in various fields.

Understand how inventory management techniques can be used in a wide variety of situations. Practical exercises and course materials are provided in accordance with special training requirements. Content can be localized to reflect the country or region in which the workforce will operate.

Participants must successfully complete a training course and assessment to ensure that they reach the required level of competence. Successful participants will then receive a certificate.

  • The role of inventory management
  • Objectives for inventory control
  • Profit through inventory management
  • Reasons for the current stock
  • Customer service
  • Managing the inventory
  • The zero inventory philosophy
  • JIT environment
  • Advantages of JIT
  • Stock control using JIT
  • Organization and management
  • Safety stocks
  • Setting the right stock levels
  • The changing role of purchasing
  • Forecasting demand
  • Historical forecasting techniques
  • Advanced forecasting methods
  • Material requirements planning
  • Inventory and logistics