The Complete Course on
Inventory Management Training Program

Training course overview

The objective of inventory management is to provide uninterrupted support of materials to production and operations. Since for many companies inventory is the largest item in the current assets category, inventory problems can and do contribute to losses. This Coventry Academy Training Course examines the Inventory control, a similar term, is the area of inventory management that is concerned with minimizing the total cost of inventory while maximizing the ability to provide customers with product in a timely manner. 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.

What are the goals?

By the end of this Coventry Academy Training Course, participants will be able to:

• Plan and Maintain Inventory at Sufficiently High Level to Support Production and Operations Activities Smoothly
• Minimize Investment in Inventory at Minimum Level to Maximize Profitability
• To Evaluate Investment in Inventory at Optimum Level Thus Minimizing Carrying Cost of Inventory
• Establish Selective Inventory Management Control Utilizing Value and Criticality Analysis
• Establishing Minimum Inventory Ordering Cost Using Economic Order Quantity Principles
  

Who is this training course for?

 This Coventry Academy Training Course is suitable to a wide range of professionals but will greatly benefit:

• Those Involved in Inventory, Albeit as Supplier, Buyer, Materials Planner, Warehousing, Finance or Even End-Customer
• Professionals and Staff in the Organization Who Are Responsible for Reducing Costs, Increasing Productivity, Raising Inventory Turns and Enhancing Customer Service Through High Fill Rates, Accurate Information and Excellent Order Fulfillment

The certificate

• Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course