Materials Planning & Inventory Management Training

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

4.7/5

4780 Enrolled

Overview

What our training includes

Learn the fundamentals of inventory management
Utilise techniques for inventory optimisation
Demand forecasting methods & master scheduling tools
Materials Planning and Inventory Management Training introduces Just-In-Time (JIT) principles
Know materials requirement planning (MRP)
Discover about Vendor-managed inventory (VMI)
Calculate & estimate safety stocks and reorder points
Improve stock availability while reducing excess inventory costs

Learning Objectives

Once the course is completed, you will be able 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 optimise 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 planning (MRP)

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Overall ratings by our students

Upcoming sessions

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.

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.

Related courses

Curriculum

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

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

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

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)

Frequently asked questions

This training program aims to equip participants with the knowledge and skills required for effective materials planning and inventory management. It focuses on key aspects like demand forecasting, inventory control strategies, materials requirement planning (MRP), and supply chain management principles.

By enrolling in our course, you will learn the best practices in stock control, EOQ models, and safety stock management. You will further refine your knowledge in cost reduction, avoid stock-outs, and effectively manage supply chain processes. With our practical-based learning approach, you can make data-driven decisions. This course will help you to support your business growth and operational efficiency in the long run.

This course is ideal for professionals like supply chain professionals, materials planners and inventory managers. It is also beneficial for anyone involved in logistics and operations.

Here are some of the reasons why you enrol in this course to excel in inventory management and material planning:

Gain expertise in optimising material and inventory management
Master stock control and inventory planning at both operational and supervisory levels
Acquire strategies to minimise costs and streamline materials management procedures
Stay updated with technologies and software like ERP systems and forecasting tools
Develop the ability to make data-driven decisions
Unlock new opportunities and stand out in the job market

Yes, the training outlines the various technologies and software utilised in materials planning and inventory management. It includes ERP systems, inventory tracking tools, and forecasting software. This knowledge is vital for modern day inventory management practices.

Participants will learn about various strategies and tools that can be directly applied to their roles. This includes optimising inventory levels, enhancing order accuracy, and building strong supplier relationships. The skills help you make data-driven decisions that positively impact your organisation and drive success

Upon completion, participants can pursue various roles such as:

1. Material planner
2. Inventory manager
3. Supply chain analyst
4. Logistics coordinator

Inventory management is a crucial segment in the logistics and supply chain domain. Hence, making it a lucrative career path with endless growth opportunities. Owing to its undying demand in organisations of all types and sizes, the future is bright for professionals in the inventory management field.

According to the U.S. Bureau of Labour Statistics, employment of logisticians is projected to grow 30% from 2020 to 2030. Due to the economic 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.

We offer 3 modes of delivery and participants can choose from the following options as per their convenience:

1. Instructor-led classroom-based group coaching
2. One-to-one training sessions
3. Live and interactive online sessions