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
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 |