This course aims to enable participants to effectively and efficiently manage inventory, and thereby protect their organisations against uncertainty and take advantage of opportunity when it arises.

By the end of the programme participants will be able to:

• Understand the strategic concept of supply chain and its tactical and operational application
• Understand the critical impact of inventory on the supply chain
• Demonstrate knowledge of logistics operations and associated supply chain issues, and their impact on supply chain performance

• Critically analyze and evaluate best practice solutions identifying those best suited to the management of inventory
• Devise and utilize effective measures of performance to maintain and sustain improved supply chain operations
• Lead in the management of inventory using and applying checklists and models for the planning, execution and improvement of existing and future supply chain operations.

This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include;

• Lectures
• Workshop & Work Presentation
• Case Studies and Practical Exercise
• Videos and General Discussions

Day 1

• Session 1
• Introductions, course objectives, learning outcomes agreed, key messages
• Session 2
• Strategic contribution of the supply chain

• Session 3
• Supply chain process
• Session 4
• Components and drivers of the supply chain

Day 2

• Session 1
• Components and key drivers of inventory
• Session 2
• Inventory management - How much to order and when to order
• Session 3
• Forecasting and demand analysis
• Session 4
• Operational inventory management issues

Day 3

• Session 1
• How Supply and Procurement affects inventory
• Session 2
• Application of Information Services and Technology
• Session 3
• Inter-relationship of Transportation and Inventory across the Supply Chain
• Session 4
• Warehousing and Materials Handling of Inventory

Day 4

• Session 1
• Reverse logistics, disposal and decommissioning      
• Session 2
• Environmental issues including health and safety
• Session 3
•  Global Supply Chain Management and international trade
• Session 4
• Inventory within the supply chain case study

Day 5

• Session 1
• Inventory management process improvement
• Session 2
• Performance measurement and improvement
• Session 3
• SCM Best Practice and Trends
• Session 4
• Course conclusion; Review and Participants Action Plans

RECTUS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.