Course: Inventory Management
Recognized by leaders in vocational training:
At JS Training & Consulting, we have developed our inventory management course specifically to improve inventory management and control methods in industrial and commercial organizations. This program comprehensively addresses the needs of personnel involved in inventory management, from segmentation through ABC classification to accurate assessment using cycle counting methods. It offers a complete solution for companies seeking to optimize costs, improve record accuracy and establish efficient replenishment methods.
Your employees will understand what inventory is and how to manage it properly, apply ABC classification to group items by importance, determine the best physical inventory locations, calculate associated costs and assess inventory accurately through cycle counting and measurement techniques. The course also promotes viewing inventory as money, maintaining accurate records and developing skills that make inventory management a competitive advantage by reducing waste and improving material availability.
Course objectives
Improving Management Methodology
First, participants will improve their organisation's inventory management methodology and will understand what an inventory is, its purpose and the different types of items that make up an inventory and will therefore be able to put in place more efficient and more organized management systems.
Inventory Stratification
They will also stratify inventory through ABC classification, identifying items needing greater control and attention. They will optimize physical inventory locations and establish appropriate replenishment methods for each category.
Inventory Assessment and Measurement
They will also learn to assess inventory accurately and reliably. They will therefore understand the different types of inventory and their specific characteristics. In particular, they will master cycle counting methods to maintain accurate records without interrupting operations.
Cost and Value Understanding
Finally, participants understand inventory as money and its impact on working capital. They calculate inventory carrying costs and identify the information needed for effective management, making better-informed decisions about optimal inventory levels and replenishment strategies.
Results at the end of the course
Suitable Inventory Management
First, participants will be able to manage their organization's inventory appropriately. They will understand its purpose and the different types of items it includes, enabling them to implement more effective, organized control systems.
Application of ABC Classification
You will also apply ABC classification to segment inventory according to importance, determining the optimal physical location for each category. In particular, you will establish effective replenishment methods according to each item's classification.
Inventory Assessment and Costs
Participants will also learn to evaluate inventory correctly through cycle counting and calculate inventory costs accurately, reducing discrepancies between physical inventory and the information system.
Optimization and financial performance
Finally, you will understand inventory's financial impact on the organization. You will reduce excess stock, avoid shortages and optimize working capital. You will turn inventory management into a competitive advantage that improves availability and reduces storage costs.
Intended audience
Storage and logistics personnel managing inventories daily.
- Procurement coordinators that set levels of re-supply.
- Planning personnel defining inventory strategies.
- Operating analysts evaluating inventory efficiency.
- Personnel involved with inventory management and monitoring processes.