Store & Inventory Management

Programme Description

This course captures the importance of inventory management based on policies established in the company. It covers how to analyze safety stock, what is risk pooling of inventory, and understand what are inventory management best practices

At the end of the programme, participants will able to:

  • Explain the importance of store and inventory
  • Describe why it is important to plan and control inventory levels
  • Design and confidently use tools for monitoring inventory performance
  • Apply the latest team development techniques to improve performance
  • Understand thoroughly the fundamentals of inventory management
  • Best practices in managing stores & inventories, store accounts and records

Inventory Review Policies

  • Describe the characteristics of a Continuous Review System
  • Describe the characteristics of a Periodic Review System
  • Perform calculations for a Continuous Review System –> (s, Q) system
  • Perform calculations for a Periodic Review System à (R, S) system

Safety Stock Analysis 

  • Describe the objectives of carrying safety stock
  • Calculate the safety factor for a specified customer service level
  • Calculate the appropriate level of safety stock and reorder point for a specified customer service level

Risk Pooling 

  • Centralization vs Decentralization of warehousing system
  • Understand the pros and cons
  • Compare Safety Stock, Reorder Point for Centralized vs Decentralized warehousing system

Inventory Management Best Practices

  • Understand the concepts of Kanban, JIT, VMI
  • Effective inventory & stores management as a strategic function of the organization
  • Strategies & skills for reducing inventory investments; 
  • Best practices in managing stores & inventories, store accounts and records

– 5-Day Training
– Nationally Recognized and Internationally Accredited Certificate of Completion
– Tea/Coffee Breaks
– Working Lunches

What does the course include:

  • Course Notes
  • Accelerated Adult Learning Techniques
  • Certificate of Completion
  • Manuals and Workbooks

Evaluation Criteria

         Participants must have attended the sessions at least 80% in order to receive a CERTIFICATE from Bangkok School of Management.

Our Facilitators

       BSM Facilitators are experienced practitioners with a robust mix of practical and academic expertise who teach the art and science of the subject.

Well-balanced theoretical and practical methodology, which includes interactive discussions, case studies, interactive activities/exercises and assignments to understand the concepts and their applicability.

FEELocationCalendar ( 2019 )Pre-Booking

USD 2150 / per person

( Inclusive of VAT )

 

Group Discount

  • 2-4 pax: 2.5%    
  • 5-7 pax: 5%
  • 8-10 pax: 10%
  • 11-13 pax: 15%
  • 14-16 pax: 20%

 

Bangkok, ThailandJanuary 21 - 25
February 11 - 15
March 11 - 15
April 22 - 26
May 27 - 31
June 24 - 28
July 22 - 26
August 19 - 23
September 16 - 20
October 21 - 25
November 18 - 22
December 16 - 20

Reserve your seats now! No CREDIT CARD required.

BSM Certification is recognized nationally by Thailand Ministry of Education & Internationally accredited by Accreditation Service for International Schools, Colleges and Universities (ASIC, U.K.)

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  • * You can also reach us real-time using our Live Support on the website. Our representatives are available from 9AM to 6PM, Thailand time.

     

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