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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