Materials Planning & Inventory Management Training

The Materials Planning and Inventory Management training helps professionals improve their competency in conceptual, statistical and quantitative techniques employed for optimizing material and inventory management. This immersive training program introduces professionals to the core objectives of stock management thus offering a thorough understanding of inventory planning and stock control at operational and supervisory levels. The course also emphasises the other functions of materials management that are necessary to understand the overall mechanics of inventory planning and stock control.

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  • 30 Hours Training
  • Online / Classroom / Onsite
  • 28 Jul, 2024 / 28 Jul, 2024
  • Additional Program Dates
  • 100K+ Happy Students

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What is this Materials Planning and Inventory Management course all about?

The Materials Planning and Inventory Management training trains professionals to improve their efficiency and effectiveness in the areas of planning processes, forecasting and scheduling, materials procedures and processes managing inventory levels, and more. The course includes a mix of interactive and hands-on techniques along with group exercises to explain demand planning, material planning, inventory control theories, models, and best practices. This course further discusses emerging and futuristic trends in inventory management that will help professionals in dealing with various situations in inventory management and ensure better management of demand and supply at a minimal cost. 

Why is getting trained on Materials Planning and Inventory Management important?

The Materials Planning and Inventory Management course gives professionals a practical foundation for the various process involved in managing inventories. In this training, participants gain mastery of the steps involved with the planning and controlling the flow of materials and information for effective management of their organization’s resources. As material resources planning plays a crucial part, getting trained in MRP and inventory management leaves professionals with numerous opportunities for career advancements. 

Why do companies hire professionals with Materials Planning and Inventory Management certification?

Materials management plays a huge role in the organization and operation of supply chains. Owing to the growth of the supply chain industry, the demand for skilled professionals in inventory management is high. Certified inventory management professionals keep operations running smoothly. Companies hire them for their expertise in implementing inventory management practices and accurate tracking of materials in their inventory. They play a vital role in fine-tuning materials planning.

Industry Trends

With constant iterations made in the industry of inventory management for business acceleration, the opportunities in this sector are only growing. The Materials Planning and Inventory Management certification comes with its own set of merits and opportunities in the market. Let us see how.

Market trends

The future of inventory management is going to be flooded with opportunities. According to the U.S Bureau of Labour Statistics, employment of logisticians is projected to grow 30% from 2020 to 2030, this is bound to bring numerous job openings for inventory managers in the market. This growth in employment rates depicts the positive job outlook for skilled inventory managers.

Salary Trends

As inventory managers are an essential part of the supply chain process, their demand in the business world is growing exponentially. Hence, these professionals are offered impressive salary packages and job security. About the data from glassdoor.com, Inventory Managers in Dubai typically earn around AED 10,000 per month.

Demand & Opportunities

Inventory management is a crucial segment in the logistics and supply chain domain, making it a lucrative career path with endless growth opportunities. The Materials Planning and Inventory Management certification gives an assurance of the necessary competency in related roles, thus making these opportunities easier to avail.

A few of the most-sought inventory management jobs available in the Dubai region (as observed in popular Dubai job portals) follow:

  1. Inventory Managers evaluate deliveries, shipments and product levels to improve inventory control procedures
  2. Stock Managers track and monitor inventory and develop processes to maximize warehousing efficiency
  3. Warehouse Supervisors are responsible for overseeing and coordinating daily warehouse activities
  4. Stock Operations Managers oversee the entire distribution plan of a business and manage stock operations
  5. Warehouse Managers manage warehouse operations in compliance with the organization’s policies and visions

Course Outcome

Successful completion of this Materials Planning and Inventory Management course will help you to:

  • Understand the principles and core objectives of inventory management
  • Explore various inventory control techniques and the ways to improve system effectiveness through the application of inventory management concepts
  • Learn how to optimize inventories, reduce costs and minimise the costs for your planning and scheduling
  • Determine the principles of demand planning and its significance in the effective functioning of warehouses
  • Explain how to manage the materials requirement plan

Course Module

  • Introduction
  • Scope of Supply Chain Management
  • Functions and Objectives of Supply Chain Management
  • Objectives of Inventory Planning and Stock Control
  • Reasons to Hold Inventory Information System Considerations
  • Push vs Pull Systems in Inventory
  • Identifying Inventory Costs
  • Customer Service in Inventory Management
  • Basic Principles
  • Functions of Warehouses in Modern Supply Chains
  • Challenges, Location, and Design Principles
  • Technology and Trends
  • Warehouse Equipment and Modern Technology
  • Principles of Logistics and Outsourcing
  • Robotics and other New Technologies
  • Warehouse Processes
  • Organisation, Receiving, and Storage of Material
  • Dispatch of Material and Return Policies
  • Warehouse Management (People. Cost. Inventory. Safety)
  • Hiring, Disciplinary, Conflict Resolution, and Motivating Staff
  • Picking Methods, Systems, and Equipment
  • Improving Picking Productivity
  • Warehouse Cost Management
  • Supply Chain, Inventory, Troubleshooting in Warehouses
  • Developing and Enforcing a Health and Safety Plan in Warehouses
  • Materials Handling Processes and Risk Management
  • Introduction
  • The Inventory Order Cycle
  • Dependent vs. Independent Demand
  • Factors Affecting Demand
  • Methods & Patters of Demand
  • Demand Forecasting – Qualitative  & Quantitative Methods
  • Creating Consensus Forecasts
  • What is Forecasting
  • Types of Forecasting
  • Measuring & Improving Forecast Accuracy
  • Advanced Time Series Methods
  • Using Simple & Multiple Regression in Forecasting

  • Objectives of Inventory Management

  • Description and Classification of Inventory

    • Types of Inventory

    • Structure of Inventory Models

    • Importance-based Classification of Inventory

    • Uses of the ABC Ranking

  • Methods of Inventory Management

  • Inventory Problems and Selective Inventory Management

  • Classification of Inventory Problems

  • Safety Stocks in Inventory Management

  • Perpetual and Vendor Managed Inventory

  • Costs of Inventory

    • Inventory cost elements

      • Cost of item

      • Purchasing cost

      • Carrying or holding cost

      • Stock-out cost

  • Inventory systems

    • The Economic Order Quantity (EOQ) model

    • Dealing with quantity discounts

    • Objectives of safety stocks

    • Setting safety stocks

    • Determining the Reorder Point (ROP)

Program Dates

28 Jul
  • 02:00 PM
  • Sun
  • Classroom
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Expert Instructors & Teaching Methods

 

 

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 & ethics.

Our Expert Instructors

Why Count on Learners Point?

Being the leading provider of the Inventory Management course in Dubai, at Learners Point we help professionals master the necessary skillsets for a successful career ahead.

Following are the USPs our Materials Planning and Inventory Management training course offers you:

  • We look at real-world scenarios organizations face and formulate our Materials Planning and Inventory Management training course evaluating practical requirements
  • Apart from theoretical knowledge, we also focus on practical case studies to give you a reality check and insight into what exactly will be asked of you while delivering in a demanding role
  • Our bespoke Inventory Management course also equips you with hands-on experience by offering assignments related to the actual work environment
  • Apart from organizing group sessions, we also offer a guided learning experience to enhance the quality of our Inventory Management training program
  • We also take a discrete approach to career guidance so that one can be successfully placed as a professional

Learners Experience

"The training gave me a competitive edge. Today, I'm a Warehouse Operations Manager, overseeing inventory control, order fulfillment, and warehouse efficiency."

Hashima Ali

Warehouse Operations Manager

"Completing the Materials Planning & Inventory Management Training opened doors I never imagined. Now, I work as a Demand Forecasting Specialist, helping my organization make informed supply chain decisions."

Azeema Jain

Demand Forecasting Specialist

"I can't emphasize enough how valuable this training was. I transitioned to a Procurement Manager role, where I oversee materials sourcing and procurement strategies to drive cost savings."

Rihana Willian

Procurement Manager

Our Graduates

Our graduates are from big companies, small, companies, they are founders, career changers and life long learners. Join us and meet your tribe!

FAQs on Materials Planning & Inventory Management Training

Inventory management is a crucial segment in the logistics and supply chain domain, making it a lucrative career path with endless growth opportunities. Owing to its undying demand in organizations of all types and sizes, the future is bright for professionals in the inventory management field.
The Materials Planning and Inventory Management training helps you improve your competency in conceptual, statistical and quantitative techniques employed for optimizing material and inventory management. This immersive training program introduces you to the core objectives of stock management thus offering a thorough understanding of inventory planning and stock control at operational and supervisory levels. As effective management of inventories is essential to the dynamic support of the organization’s function, this training helps you gain an upper hand in the job market.
No, there aren’t any specific entry requirements for this Inventory Management course. Professionals wanting to improve their competency in material resource planning and inventory management to operate a fully functional and productive warehouse can join this course.
At Learners Point, if a participant doesn’t wish to proceed with the training after the registration due to any reason, he or she is entitled to a 100% refund. However, the refund will be issued only if we are notified in writing within 2 days from the date of registration. The refund will be processed within 4 weeks from the day of exit.
According to the U.S Bureau of Labour Statistics, employment of logisticians is projected to grow 30% from 2020 to 2030. Due to the economical advancements in the nation, Dubai is attracting aspiring professionals. These growing trends contribute to a positive and promising job outlook for inventory managers in Dubai.
This Inventory Management training offers a comprehensive understanding of all the facets of inventory management which enables participants to operate a fully functional and productive warehouse. Our Inventory Management classes are ideal for professionals who are involved in warehousing activities or want to enter the inventory management profession by enhancing their domain knowledge.
The training sessions at Learners Point are interactive, immersive, and intensive hands-on programs. We offer 3 modes of delivery and participants can choose from instructor-led classroom-based group coaching, one-to-one training session, or high-quality live and interactive online sessions as per convenience.
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