Inventory Management (Lahore)

October 05 – 06, 2020

Venue: PIM, Lahore.

COURSE DESCRIPTION

Inventory management is the process of efficiently overseeing the constant flow of units into and out of an existing inventory. This process usually involves controlling the transfer in of units in order to prevent the inventory from becoming too high, or dwindling to levels that could put the operation of the company into jeopardy. Competent inventory management also seeks to control the costs associated with the inventory, both from the perspective of the total value of the goods included and the carrying cost burden generated by the accumulation of the inventory.

COURSE CONTENTS

• Inventory Fundamentals
• Inventory Costs
• Ordering Techniques, and Replenishment Policies
• Just-in-time (JIT)
• Managing Distribution Inventories
• Inventory Accuracy, and Inventory Performance Measurement.

LEARNING OUTCOMES

This course is a how to program and the participants will learn the principles, concepts, and techniques for planning and controlling inventory at all stages of the operations cycle, which is crucial to inventory management. Participants will learn how to establish an inventory management plan; implement and control that plan, and measure inventory performance against the plan.