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
Facebook Twitter linkedin WhatsApp WhatsApp
  • Book Your Spot For A Free Webinar

      WEBINAR: Saturday, August 14, 2021

    • Book Your Spot For A Free Webinar

        WEBINAR: FIRST PILLAR OF SUSTAINABILITY ENVIRONMENT - JULY 03, 2021

      • Book Your Spot For A Free Webinar

          WEBINAR: SIXTH PILLAR OF SUSTAINABILITY CULTURE

        • Book Your Spot For A Free Webinar

            WEBINAR: SECOND PILLAR OF SUSTAINABILITY POLITICS

          • Book Your Spot For A Free Webinar

              WEBINAR: THIRD PILLAR OF SUSTAINABILITY ECONOMY

            • Book Your Spot For A Free Webinar

                WEBINAR: FOURTH PILLAR OF SUSTAINABILITY SOCIAL

              • Book Your Spot For A Free Webinar

                  WEBINAR: FIFTH PILLAR OF SUSTAINABILITY TECHNOLOGY

                • Book Your Spot For A Free Webinar

                    WEBINAR: FOURTH PILLAR OF SUSTAINABILITY SOCIETY - JULY 01, 2021

                  • Book Your Spot For A Free Webinar

                      WEBINAR: SEVENTH PILLAR OF SUSTAINABILITY EDUCATION

                    • Book Your Spot For A Free Webinar

                        WEBINAR: FIRST PILLAR OF SUSTAINABILITY ENVIRONMENT

                      • Get Your Free Information Material Now

                          Study Format:
                          Salutation:
                          First Name:
                          Last Name:
                          Email Address:
                          Phone:
                          Whatsapp: (with country code)
                          Country:
                          What Want:
                          Study Location
                          Start Date

                          I have read and understood the information on data protection.
                          I agree to receive information from IU International by e-mail.

                        • Get Your Free Information Material Now

                            Study Format:
                            Salutation:
                            First Name:
                            Last Name:
                            Email Address:
                            Phone:
                            Whatsapp: (with country code)
                            Country:
                            What Want:
                            Study Location
                            Start Date

                            I have read and understood the information on data protection.
                            I agree to receive information from IU International by e-mail.

                          • Get Your Free Information Material Now

                              Study Format:
                              Salutation:
                              First Name:
                              Last Name:
                              Email Address:
                              Phone:
                              Whatsapp: (with country code)
                              Country:
                              What Want:
                              Study Location
                              Start Date

                              I have read and understood the information on data protection.
                              I agree to receive information from IU International by e-mail.

                            • Get Your Free Information Material Now

                                Study Format:
                                Salutation:
                                First Name:
                                Last Name:
                                Email Address:
                                Phone:
                                Whatsapp: (with country code)
                                Country:
                                What Want:
                                Study Location
                                Start Date

                                I have read and understood the information on data protection.
                                I agree to receive information from IU International by e-mail.

                              • Get Your Free Information Material Now

                                  Study Format:
                                  Salutation:
                                  First Name:
                                  Last Name:
                                  Email Address:
                                  Phone:
                                  Whatsapp: (with country code)
                                  Country:
                                  What Want:
                                  Study Location
                                  Start Date

                                  I have read and understood the information on data protection.
                                  I agree to receive information from IU International by e-mail.

                                • Get Your Free Information Material Now

                                    Study Format:
                                    Salutation:
                                    First Name:
                                    Last Name:
                                    Email Address:
                                    Phone:
                                    Whatsapp: (with country code)
                                    Country:
                                    What Want:
                                    Study Location
                                    Start Date

                                    I have read and understood the information on data protection.
                                    I agree to receive information from IU International by e-mail.

                                  • Get Your Free Information Material Now

                                      Study Format:
                                      Salutation:
                                      First Name:
                                      Last Name:
                                      Email Address:
                                      Phone:
                                      Whatsapp: (with country code)
                                      Country:
                                      What Want:
                                      Study Location
                                      Start Date

                                      I have read and understood the information on data protection.
                                      I agree to receive information from IU International by e-mail.

                                    • Get Your Free Information Material Now

                                        Study Format:
                                        Salutation:
                                        First Name:
                                        Last Name:
                                        Email Address:
                                        Phone:
                                        Whatsapp: (with country code)
                                        Country:
                                        What Want:
                                        Study Location
                                        Start Date

                                        I have read and understood the information on data protection.
                                        I agree to receive information from IU International by e-mail.

                                      • Download Our Brochure

                                        Provide your required detail for download the course brochure.

                                        • Book Your Spot For A Free Webinar

                                            WEBINAR: WEALTH GENERATION MANAGEMENT & CAREER DEVELOPMENT

                                            • Registration

                                              Details of the Agency and Voucher Code (Optional)

                                              Click below to receive an offer

                                              Business Management Level 3 ATHE Certificate (equivalent to A-Levels)

                                              About You

                                              MaleFemale
                                              High School or SimilarVocational DegreeAssociates DegreeBachelors DegreeMasters DegreeDoctoral DegreePost-Doctoral StudiesProfessional Certification
                                              • Registration

                                                Details of the Agency and Voucher Code (Optional)

                                                You wish to receive an offer for the following

                                                Split Learning: MBA with Buckinghamshire New University, U.KSplit Learning: MBA with University of Bolton, U.K (ATHE)Split Learning: MBA with University of Sunderland, U.K (ATHE)Split Learning: MBA with University of Gloucestershire, U.K (ATHE)Blended Learning : MBA with Buckinghamshire New University, U.KBlended Learning : MBA with University of Bolton, U.K (ATHE)Blended Learning : MBA with University of Sunderland, U.K (ATHE)Blended Learning : MBA with University of Gloucestershire, U.K (ATHE)Full Online: International MBA with Buckinghamshire New University, U.KFull Online: MSc. Accounting & Finance with University of Bolton, U.K

                                                About You

                                                MaleFemale
                                                High School or SimilarVocational DegreeAssociates DegreeBachelors DegreeMasters DegreeDoctoral DegreePost-Doctoral StudiesProfessional Certification
                                                • Registration

                                                  Details of the Agency and Voucher Code (Optional)

                                                  You wish to receive an offer for the following

                                                  IT and Computing, with University of Derby, U.KIT and Ecommerce, with University of Derby, U.KIT and Networking, with University of Derby, U.KIT and Web Design, with University of Derby, U.K

                                                  About You

                                                  MaleFemale
                                                  High School or SimilarVocational DegreeAssociates DegreeBachelors DegreeMasters DegreeDoctoral DegreePost-Doctoral StudiesProfessional Certification
                                                  • Registration

                                                    Details of the Agency and Voucher Code (Optional)

                                                    You wish to receive an offer for the following

                                                    Undergraduate Business Management, with Buckinghamshire New UniversityUndergraduate Business Management, with Coventry University (ATHE)Undergraduate Accounting and Finance, with Buckinghamshire New UniversityUndergraduate Entrepreneurship and Management, with Buckinghamshire New UniversityUndergraduate Human Resource Management, with Buckinghamshire New UniversityUndergraduate Leadership and Team Working, with Buckinghamshire New UniversityUndergraduate Sales and Marketing, with Birmingham City University (ATHE)Undergraduate Hotel & Hospitality Management, with University of Chichester, U.KUndergraduate Health & Social Care Management with Arden University, U.K (ATHE)

                                                    About You

                                                    MaleFemale
                                                    High School or SimilarVocational DegreeAssociates DegreeBachelors DegreeMasters DegreeDoctoral DegreePost-Doctoral StudiesProfessional Certification
                                                  • Request a Course Prospectus