Inventory Management Essentials

Inventory Costs and Service

Lead Time

Demand Forecasting

Setting the Inventory Management Parameters

Inventory and Statistics

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Stock Record Transactions
Inventory Receipts
- Checking the Purchase Order and the Contents of the Delivery
- Recording Receipts in the Inventory Management System
Inventory Issues
Physical Issue
Allocation
Stock Management
Identifying Inventory
- Raw materials
- Work in progress
- Finished goods
Surplus and obsolescent stock
- Definitions of Surplus and Obsolescent Stock
- Preventing Surplus
- Variety Reduction
- Disposal Policy
Stock control and records
- Overall Objectives of Stock Control
- Stock Records
Stock Accuracy
Stock Checking Programs
- The Annual Count
- Continuous or Perpetual Inventory Counting
- Periodic Checking
- Spot Checking and Accuracy Audit
- Resolving Differences and Improving Future Accuracy

Certified International Warehouse & Inventory Manager Training