Inventory Management High Professional Advisors (HPA)

Course details

To be successful in inventory management and control it, you should possess both technical and behavioral skills to manage the raw materials, Semi-finished and Finished products, calculating the cost of the inventory and using the control concept of prevention more than detection.

Program Contents

  • Inventory importance as part of the balance sheet
  • Inventory responsibilities and management
  • Inventory categories and types
  • Determining inventory levels
  • Essential calculations (EOQ) Economic Order Quantity
  • The 80/20 rule (ABC analysis)
  • inventory management, safety and cost reduction
  • Ways of handling the idle inventory
  • Methods of calculating the inventory
  • Prevention concept of controlling the inventory

Key Benefits

At the end of the program participants will be able to:

  • Enhance professional portfolio of technical skills by mastering the major concepts, terms, definitions, tools and techniques to for inventory management
  • Describe the concepts of inventory and its essential role in meeting customer expectations
  • Identify strategies for establishing efficient, effective, and sustainable inventory management to reduce time and cost
  • Explain the critical role of technology in managing inventory and related operations for a better flow of material
  • Develop a business perspective of inventory management and control

About High Professional Advisors (HPA)

hpa was founded in 2004 as a joint stock company and is one of the leading companies specialized in the fields of training, consultancy, and recruitment 

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