Course Objectives:

• State-of-the-Art Overview
• New Performance Measurements for Inventory Management
• New Paradigm for Inventory Control
• Using Demand Data for Inventory Management
• Creating Useful Inventory Forecasts
• Advanced Inventory Control Settings
• An Advanced Forecasting & Inventory Management System in Action
• New Roles for Inventory Control Personnel
• Distribution Requirements Planning (DRP)

Course Outlines:

• State-of-the-Art Overview
  •  Forecasting That Works
  • New Rules for Effective Inventory Control
  • Integrating Inventory Plans with Business Plans
  • Three Principles for Success
• New Performance Measurements for Inventory Management
  • Customer Service Effectiveness
  • Inventory Control
  • Warehouse Productivity
  • Return on Investment (ROI)
• New Paradigm for Inventory Control
  • Establishing the Right Controls
  • The Problem With Traditional ABC Approaches
  • Inventory Segmentation Approaches That Work
  • Planning Total Inventory Levels
• Using Demand Data for Inventory Management
  •  New Principles of Forecast Simulation
  • Setting Up a System for Every Scenario
  •  Integrating Demand Data with Inventory Planning
  • Models for New Items
  • Forecast Accuracy Measurements
• Creating Useful Inventory Forecasts
  • Aggregate and Item Financial Data
  • Projections for Capacity & Load Planning
  • Integrating Marketing Intelligence
  • Aligning System Settings With Inventory Projections
  • Monitoring Inventory Flow Against the Forecast
• Advanced Inventory Control Settings
  • Using Safety time Instead of Safety Stock
  • The New Concepts of EOQ
  • The Correct Evaluation of Price Breaks
  • Automating Replenishment Orders
• An Advanced Forecasting & Inventory Management System in Action
  • Unique Software Features & Functions
  • Demonstration of Inventory Control Concepts & Principals
  •  Key Reports For Inventory Analysis
  • Creating Forecasts for Suppliers
  • Using Filters and Ranges
• New Roles for Inventory Control Personnel
  •  Role of the Inventory Manager
  • Reviewing Every Item, Every Day in a Weekly Work Plan
  • Developing Logical Ordering Strategies
  •  Effective Expediting
  • Twenty Practical Considerations for Inventory Control
• Distribution Requirements Planning (DRP)
  • Supply Chain Management
  • Impact on Warehousing Activities
  •  Benchmarking World Class Inventory Management Systems

Who Can Benefit?

• Managers
• supervisors and professionals responsible 

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