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Course Code: PSCO 3477
162 Course Visits
Inventory and Stock Control Management
Course Sector:
Procurement & Supply Chain Operations
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
3 Days
Dubai, UAE $3,250
02
3 Days
Abu Dhabi, UAE $3,250
03
3 Days
London, UK $3,950
Introduction
Training course introducion / brief
Effective inventory and stock control are essential for reducing costs, maximizing service levels, and maintaining seamless operations across supply chains. Poor inventory practices can lead to overstocking, stockouts, operational delays, and loss of revenue.
This course provides participants with advanced tools and techniques to monitor, evaluate, and control inventory effectively. It includes forecasting methods, valuation models, stock replenishment strategies, risk management, and the use of digital systems for real-time inventory tracking.
Training Course Methodology
This interactive course combines:
- Facilitator-led lectures and expert insights
- Practical exercises and inventory simulations
- Case studies from real business scenarios
- Group discussions and brainstorming sessions
- Technology demos and hands-on worksheets
Course Objectives
At the end of the training course, participants will be able to
- Understand the strategic importance of inventory and stock control in business operations.
- Identify different types of inventory and apply appropriate classification systems.
- Implement cost-effective inventory management models (e.g., EOQ, safety stock, JIT).
- Utilize performance metrics to improve inventory turnover and accuracy.
- Integrate technology for real-time inventory control and reporting.
- Mitigate risks and manage exceptions in stock levels and supply chain disruptions.
Course Audience
Who is this course for, and can benefit the most
- Supply Chain and Logistics Professionals
- Warehouse and Operations Managers
- Procurement and Purchasing Officers
- Retail and E-commerce Managers
- Finance and Cost Control Analysts
- Production and Manufacturing Planners
- IT and ERP System Users
- Small Business Owners and Entrepreneurs
- Auditors and Risk Management Professionals
Course Outline
The course aims and learning outcomes
Inventory Management Fundamentals
- Introduction to Inventory Management
- Objectives and functions of stock control
- Types of inventory: raw materials, WIP, finished goods, MRO
- ABC & XYZ inventory classification
- Inventory costing methods: FIFO, LIFO, Weighted Average
- Inventory policies and documentation
Optimization and Performance
- Stock replenishment models (EOQ, reorder points, safety stock)
- Inventory turnover ratios and KPIs
- Stock rotation and shelf-life strategies
- Managing slow-moving and obsolete inventory
- Demand forecasting techniques
Technology, Risk & Integration
- Inventory control systems and software (ERP, WMS, barcode/RFID)
- Real-time tracking and reporting tools
- Auditing and cycle counting methods
- Risk management and contingency planning
- Integrating inventory control with procurement and logistics
- Final Group Activity: Designing a Stock Control Plan for Your Organization
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
Since 2001, we have been pioneering the training field in the middle east, we managed to unlock potential and help individuals, teams and organisations to be the best that they can be with our full and integrated solutions.
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