Materials Planning & Inventory Management Training in Canada
Reduce stockouts and expediting with better planning routines
Assess the inventory performance metrics & learn MRP
Practical case studies to help you apply concepts
30 hours of training with 4 updated course modules
Classroom & online learning modes available
4.7/54780 EnrolledEnrolled Learners
4.7/54780 EnrolledEnrolled Learners
Overview
What we’re going to teach you
- Develop core skills for effective inventory management
- Apply proven methods to boost inventory performance
- Get insights into demand forecasting & modern scheduling techniques
- Explore JIT principles for smoother inventory operations
- Master the application of MRP systems
- Understand the advantages of vendor-managed inventory
- Accurately assess safety stock levels & set precise reorder points
Upcoming sessions
Curriculum
1
Introduction
2
Scope of Supply Chain Management
3
Functions and Objectives of Supply Chain Management
4
Objectives of Inventory Planning and Stock Control
5
Reasons to Hold Inventory Information System Considerations
6
Push vs Pull Systems in Inventory
7
Identifying Inventory Costs
8
Customer Service in Inventory Management
1
Introduction
2
The Inventory Order Cycle
3
Dependent vs. Independent Demand
4
Factors Affecting Demand
5
Methods & Patters of Demand
6
Demand Forecasting – Qualitative & Quantitative Methods
7
Creating Consensus Forecasts
8
What is Forecasting
9
Types of Forecasting
10
Measuring & Improving Forecast Accuracy
11
Advanced Time Series Methods
12
Using Simple & Multiple Regression in Forecasting
1
Basic Principles
2
Functions of Warehouses in Modern Supply Chains
3
Challenges, Location, and Design Principles
4
Technology and Trends
5
Warehouse Equipment and Modern Technology
6
Principles of Logistics and Outsourcing
7
Robotics and other New Technologies
8
Warehouse Processes
9
Organisation, Receiving, and Storage of Material
10
Dispatch of Material and Return Policies
11
Warehouse Management (People. Cost. Inventory. Safety)
12
Hiring, Disciplinary, Conflict Resolution, and Motivating Staff
13
Picking Methods, Systems, and Equipment
14
Improving Picking Productivity
15
Warehouse Cost Management
16
Supply Chain, Inventory, Troubleshooting in Warehouses
17
Developing and Enforcing a Health and Safety Plan in Warehouses
18
Materials Handling Processes and Risk Management
1
Objectives of Inventory Management
2
Description and Classification of Inventory
3
Types of Inventory
4
Structure of Inventory Models
5
Importance-based Classification of Inventory
6
Uses of the ABC Ranking
7
Methods of Inventory Management
8
Inventory Problems and Selective Inventory Management
9
Classification of Inventory Problems
10
Safety Stocks in Inventory Management
11
Perpetual and Vendor Managed Inventory
12
Costs of Inventory
13
Inventory cost elements
14
Cost of item
15
Purchasing cost
16
Carrying or holding cost
17
Stock-out cost
18
Inventory systems
19
The Economic Order Quantity (EOQ) model
20
Dealing with quantity discounts
21
Objectives of safety stocks
22
Setting safety stocks
23
Determining the Reorder Point (ROP)
Meet your Trainer
Our Expert Instructors
We, at Learners Point, take immense pride in our teaching methods and instructors. Our instructors are some of the best experts from their fields and employ a practical approach to learning. Many of them are globally recognised and have a diverse set of experience in their field of expertise. You are always sure to have the best in the industry as your teachers who are ready to guide you at every step and make the experience informative yet enjoyable. Apart from the focus on learning your chosen course, our instructors also encourage students to develop communication skills and interpersonal skills necessary to excel in the practical world.
Our cutting edge teaching methods make every program an immersive and productive experience for the learners. Our learning methods are research-driven and are continuously updated to stay relevant to present times as well as the future. You will enjoy practical applications of everything learned through theory and regular mock examinations to help monitor your progress. Our courses are led by an instructor in a classroom setup and we do offer online high-quality sessions as well for individuals. We also monitor the training sessions with a progress tracker to maintain high standards of instruction and ethics.
Learning Outcomes
Once the course is completed, you will be able to:
1
Understand fundamental concepts & objectives of inventory management
2
Explore control methods to enhance the efficiency of inventory systems
3
Maintain optimal stock levels to reduce planning & scheduling expenses
4
Learn the importance of demand planning in boosting warehouse operations
5
Attain expertise in handling materials requirement planning (MRP)
KHDA Certificate
Earn a KHDA attested Course Certificate. The Knowledge and Human Development Authority (KHDA) is the educational quality assurance and regulatory authority of the Government of Dubai, United Arab Emirates.
Learners Point Certificate
Earn a Course Completion Certificate, an official Learners Point credential that confirms that you have successfully completed a course with us.
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Frequently asked questions
The Materials Planning and Inventory Management Training in Canada is all about teaching professionals inventory control, materials planning, and supply chain optimisation. You learn demand forecasting, scheduling, cost management, and stock flow efficiency. Our experienced instructors teach through interactive sessions, case studies, and practical activities.
After earning the Materials Planning and Inventory Management Certification, professionals are eligible to apply for various job roles like -
- Inventory Manager
- Materials Planner
- Supply Chain Coordinator
- Warehouse Operations Supervisor
- Procurement Specialist
Professionals are issued a 100% refund upon withdrawing from the course within two days of registering by submitting a written request. The refund is processed within four weeks of approval.
The Materials Planning and Inventory Management course curriculum is divided into 4 modules covering the following topics -
- Introduction to material management
- Demand planning and forecasting
- Warehouse management
- Introduction to inventory management
This course teaches professionals ways to -
- Maintain optimal stock levels without overstocking
- Minimise wastage through accurate forecasting
- Improve warehouse utilisation and reduce holding costs
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