Effective Inventory Management is a vital element of Supply Chain management and effectively underpins both financial revenue streams for the organisation as well as ensuring that projects are completed on time. Additionally, effective inventory management determines organisational cash flow. Too much or ob-solete inventory consumes cash resources that could be put to better use by the organisation operationally or to fund strategic initiatives. Too little and project delays and customer service levels suffer.
PLUS anyone who is responsible for / involved in Inventory Management & Control, or anticipates be-ing involved with Inventory Management & Control in the future
DAY 1
Understand the Role & impact of Inventory
DAY 2
Delivering Optimal Inventory levels
Identifying & Managing “Drag” Inventory
DAY 3
Understanding Safety Stock
Business Simulation
DAY 4
Control & Custody of inventory
Key Performance Indicators (KPI’s) and Service Levels
DAY 5
The future of Inventory Management
The programme will include a series of group exercises, a business simulation and case studies with a high level of delegate interaction.