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

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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