Inventory Planning and Stock Control

Course details

Inventory planning refers to the process that any organization adopts to determine the optimal quantity as well as timing, with the sole aim of aligning such plans with the organization's capacity to produce and make sales. Inventory planning, usually affects the company in a number of ways. Efficient management of inventories, accumulated in any part of the supply chain, is an essential part of the reduction of an enterprise's working capital requirements. Inventory decisions are high-risk and high-impact from the perspective of logistics operations. Just as shortages can disrupt planned marketing and manufacturing operations, overstocked inventories also create problems. This workshop will allow participants to call attention to better inventory planning and control, as a key to a company's achievement of its goals and objectives.