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.
| FEE | Location | Calendar | Pre-Booking |
|---|---|---|---|
USD 2150 / per person ( Exclusive of VAT )
Group Discount
| Bangkok, Thailand | January 24 - 28, 2022 February 21 - 25, 2022 March 21 - 25, 2022 April 25 - 29, 2022 May 23 - 27, 2022 June 20 - 24, 2022 July 18 - 22, 2022 August 22 - 26, 2022 September 26 - 30, 2022 October 17 - 21, 2022 November 21 - 25, 2022 December 12 - 16, 2022 |  |
Reserve your seats now! No CREDIT CARD required.
