Supply Chain & Operations

SOP 9 Inventory Planning and Stock Control – Level 1

SOP 9 Inventory Planning and Stock Control - Level 1

Accredited by: LONDON INSTITUTE OF SKILLS DEVELOPMENT SIGNATURE PROGRAMME

Who should attend?

  • Warehouse managers
  • Procurement and purchasing professionals
  • Operational managers
  • Entrepreneurs
  • Supply chain specialists
  • Students / Fresh graduates who want to pursue career in Operations Management and desired to acquire a promising position in a reputable Organization
Course Code: SOP 4A
Subject: Operations Management
Course Fee: £395
Duration: 2 Days
Venue: London School of Economics UK

Learning Objectives

By the end of the course delegates will be able to:

  • Eliminate wasteful activities/costs
  • Effectively record, manage and measure inventory costs
  • Apply: MRP, JIT, Kaizen, Kanban strategies
  • Maintain stores accounting
  • Optimise resource planning and overall efficiency
  • Establish effective inventory management controls
  • Reduce costs of inventory obsolescence
  • Improve record-keeping accuracy

Course Content

Fundamentals of Inventory Management

  • Inventory management essentials
  • Profit through inventory management
  • Inventory management and customer service
  • Analysing the requirements
  • Setting inventory management parameters

Replenishment Policies and Inventory Planning

  • Replenishment or Reordering
  • Continuous and periodic reviews
  • Order quantity and Order up-to level
  • Inventory planning
  • Inventory optimisation

Stock Identification and Recording Procedures

  • Receipts and issues of stock
  • Order quantities and rules
  • Stocktaking and different types of stockholding
  • Safety stock
  • Obsolescence and write-offs – methods and procedures for disposal of surplus and unserviceable items

Inventory Control

  • Cost effectivity of stock holding
  • Managing and controlling stock
  • Just In Time management
  • Practical methods of reducing stockholding
  • Setting and maintaining the right stock levels

Strategic Management of Inventory and all types of Stock

  • Inventory classification and audits – ABC Analysis or the 80/20 rule
  • Implementing leading edge strategies – MRP, JIT, Kaizen, and Kanban
  • Effective forecasting and peak demand planning
  • Inventory cost reduction techniques
  • Effectively managing inventory risk

LISD Workshop Special GROUP Package Highlights:

(prices applicable to a group of minimum 8 persons)
*Maximum 15 persons will be enrolled in each workshop

  • 4 Days + 3 Nights Programme
  • Programme Registration with the invoice
  • 2 Scientific Knowledge-sharing sessions
  • Certificate of Participation signed by the authorities
  • 3 Night-accommodation in B&B (Double accommodation)
  • 2 Networking Dinners
  • 3 Lunches
  • 3 Networking Tea/Coffee
  • Airport Group-Pick & Drop Service
  • City Crawl
  • Group Excursion- Famous Tourist Attractions

Generic Schedule:

4 Days/ 3 Nights Programme

Day 1:
Hotel Group Pick-up Service from the nearest Airport to the Bed & Breakfast (Hotel)
Check-in: (between 2:00-4:00 pm)
City Crawl includes Takeaway Lunch and Coffee
(1st Night)

Day 2:
Interactive Learning Sessions: 9:00 am – 4:00 pm
Includes 2 Tea Breaks + Lunch
7:30 pm Networking Dinner
(2nd Night)

Day 3:
Interactive Learning Session/ Award Ceremony: 9:00 am- 1:00pm
Includes 1 Tea + Lunch
Excursion: 2:00-7:00 pm
Networking Dinner: 7:30 pm
(3rd Night)

Day 4:
Hotel Check-out at 10:00 a.m
Luggage can be Deposited in the Hotel
Free to Shop and Roam (independently)
Back to the Hotel at least 3.5 hours before the flight
Group Drop-off to the Airport

Register Per Person

Workshop Venue Full 4 Days + 3 Nights Workshop Package PER PERSON IN GROUP inclusive all taxes Credit/Debit Card
University of Oxford, U.K GBP 1350 Register Now Register Now
University of Cambridge, U.K GBP 1350 Register Now Register Now
King’s College London, U.K (University of London) GBP 1350 Register Now Register Now
University of Edinburgh, U.K GBP 1350 Register Now Register Now
London Institute of SD – Learning Center GBP 1145 Register Now Register Now
Baku, Azerbaijan GBP
Istanbul, Turkey GBP