Global Learning for Operational Leaders
Course PSCM-014
Masterclass Inventory Management
Effective inventory management is critical for balancing customer service, operational efficiency, and cost control. The outline covers Inventory in the Value Chain, Demand Planning, Forecasting, and Inventory Recording.
Classroom
16 sessions
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Online / Live
16 sessions
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Introduction
Course overview
Why Attend
Effective inventory management is critical for balancing customer service, operational efficiency, and cost control. Poor inventory practices can lead to shortages, excess stock, obsolete items, and unnecessary working capital costs. This course provides participants with advanced tools and practical techniques to optimize inventory levels, improve forecasting accuracy, strengthen stock control systems, and measure inventory performance across the value chain.
Course Methodology
This course uses an interactive and practical approach through presentations, case studies, forecasting exercises, inventory analysis workshops, group discussions, practical calculations, and real workplace examples.
Course Objectives
- Understand the strategic role of inventory in the value chain
- Apply inventory classification and optimization techniques
- Improve demand planning and forecasting accuracy
- Strengthen inventory recording and control systems
- Use modern technologies for stock visibility
- Reduce obsolete and excess inventory
- Measure inventory performance effectively
- Build practical improvement plans for inventory operations
Target Audience
- Inventory Managers
- Warehouse Managers
- Supply Chain Professionals
- Logistics Supervisors
- Procurement Staff
- Operations Managers
- Anyone involved in stock control and inventory planning
Target Competencies
- Inventory Management
- Demand Planning
- Forecasting
- Stock Control
- Data Analysis
- Performance Measurement
- Process Improvement
- Supply Chain Coordination
What you will achieve
Learning objectives
- Understand the strategic role of inventory in the value chain
- Apply inventory classification and optimization techniques
- Improve demand planning and forecasting accuracy
- Strengthen inventory recording and control systems
- Use modern technologies for stock visibility
- Reduce obsolete and excess inventory
- Measure inventory performance effectively
- Build practical improvement plans for inventory operations
Who should attend
Target audience
- Inventory Managers
- Warehouse Managers
- Supply Chain Professionals
- Logistics Supervisors
- Procurement Staff
- Operations Managers
- Anyone involved in stock control and inventory planning
- Target Competencies
Methodology
Learning approach
- This course uses an interactive and practical approach through presentations, case studies, forecasting exercises, inventory analysis workshops, group discussions, practical calculations, and real workplace examples.
Course content
Five focused days of learning and application
Day 1
Inventory in the Value Chain
- Purpose of inventory in the value chain
- Classification of inventory
- Procedure for eliminating obsolete inventory
- Pareto Law in identifying product classification
- Location of inventory
- Using Economic Order Quantity to manage inventory order levels
Day 2
Demand Planning
- Basic forecasting methods
- Customer segmentation
- Hierarchy of planning
- Aggregate planning
- Maintenance and inventory planning meeting
- Master scheduling
Day 3
Forecasting
- Principles of forecasting
- Effect of lead time on the forecasting process
- Quantitative forecasting
- Qualitative forecasting
- Tracking forecast accuracy
- Determining safety stock
Day 4
Inventory Recording
- Period stock take
- Cycle counting
- Perpetual recording
- Utilizing barcodes to manage inventory and movements
- Use of Radio Frequency Identification (RFID) for recording inventory movement
- Inventory accounting
Day 5
Performance Measurement
- Stock turnover rate
- Customer service measures
- Cost of operations
- Measuring the effectiveness of your system
- How to use the measurements
- Class exercise on selective inventory management
FAQ
Frequently asked questions
What does Masterclass Inventory Management (PSCM-014) cover?
This course covers Procurement and Supply Chain Management through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 1 - 5 June 2026, with additional classroom dates and mirrored Online / Live options listed in the course schedules section.
Who should attend this course?
Inventory Managers, Warehouse Managers, Supply Chain Professionals
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Yes. The course detail page includes both classroom sessions and Online / Live sessions, with online options aligned to the same course dates for easier planning.
Where are classroom sessions delivered?
Current classroom venues include London, Kuala lumpur, Amsterdam, Barcelona, Istanbul, Paris, Munich.
Still Have Questions?
Contact the academy team for course details, delivery options, and delegate guidance.
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