Intermediate Inventory intended for
- Teams and individuals involved in the day to day operation of inventory management systems, Inventory controllers and those looking to understand the workings of the inventory techniques and how they can be applied.
- Organisations that would like to enhance their management of inventory to meet customer demands and fulfilment targets while minimising their costs.
About Intermediate Inventory Management
One of the greatest contributors to cost in the supply chain is that of holding inventory. In the modern supply chain, being able to minimise inventory levels without affecting the quality of the customer service is absolutely necessary. With this course, inventory controllers will be able to establish the proper levels and flow of inventory through their operations.
It is also possible to use the course as credits to a recognised qualification from UK awarding organisations.
How will you learn?
All the materials that are required for study are supplied through Logistics Learning Alliance’s Online Campus. The ‘Competence model’ focuses more on the ability of the candidate to demonstrate and apply the knowledge and the experience that they obtain through the simulated disaster relief scenario.
Throughout the program, candidates are supported by Logistics learning coaches who assess the assignments of the candidates to confirm their competence in controlling the flow of inventory.
What will you learn?
The course is about organisation inventory and management systems and procedures. The course will cover different aspects which include;
- Producing a schedule of stock trends and calculating the stock-out risk analysis
- Calculating the forecast demand
- Undertaking demand capture options
- Setting the stock levels and the re-order points and ascertaining the items that need to be stocked
- Analysing and locating information on the availability of products and the lead times
- Analysing and checking the history of usage, adjusting stock levels and amending the stock model
- Inspection of supplies and analysis and monitoring of records of receipts
- Auditing the levels of stock and stock inventories
- Monitoring and balancing the movement of stock
- Assessing the performance of suppliers’ input in relation to the vendor rating system
- Reconciling, updating, analysing and reconciling stock records
- Production and issuance of reports on the performance of the inventory management
- Agreeing with user customers on the inventory performance indicators and the performance levels