Inventory Management: A to Z of Best Practices

Coventry Academy provides a training course in Inventory Management: A to Z of Best Practices in A to Z of Best Practices

Course Schedule

Date Venue Fees($)
14 - 18 Nov 2022 Kuala Lumpur - Malaysia $5,950

Course Summary

Why Choose this Training Course?

This comprehensive training course examines the renewed emphasis on running organizations leaner, effectively and efficiently. The renewed pressure to reduce cost as well as investment, while maintaining customer service levels is essential in world-class performance. Inventory Management is still one of the least understood practices in many companies and managers often fail to see the causal link between Inventory Management and good business results.

In addition, the mechanistic review of Min/Max reorder points will lead to disappointing results and in capital intensive companies, the value of spares in inventory often exceeds the value of all other inventory combined. Huge investments, excessive costs and low availability of stock often cause a knee-jerk reaction instead of adopting sound inventory management principles.

This Coventry Academy training course will feature:

  • Reduction in inventory investment
  • Improved customer satisfaction
  • Reduced cost of running the inventory management function
  • Understanding inventory categories in management
  • Management of Stock Keeping Units in terms of their priorities