Global Learning for Operational Leaders
Classroom
19 sessions
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Online / Live
19 sessions
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Introduction
Course overview
Effective inventory management is essential for balancing customer demand, controlling operational costs, and ensuring smooth supply chain performance. This course provides participants with practical methods and industry best practices for managing inventory efficiently, improving forecasting accuracy, reducing excess stock, and measuring inventory performance for better business outcomes.
What you will achieve
Learning objectives
- Understand the role of inventory within the supply chain and value chain
- Apply inventory classification techniques and inventory control methods
- Improve demand planning and forecasting effectiveness
- Utilize inventory recording and tracking systems efficiently
- Reduce inventory-related costs while maintaining service levels
- Measure and improve inventory performance
- Implement inventory best practices and continuous improvement strategies
Who should attend
Target audience
- Inventory managers and supervisors
- Warehouse professionals
- Supply chain and logistics personnel
- Procurement professionals
- Materials planners
- Operations and production staff
- Professionals responsible for stock control and inventory management
- Target Competencies
Methodology
Learning approach
- The course uses an interactive and practical methodology including presentations, case studies, real-life inventory scenarios, group discussions, calculations, practical exercises, inventory simulations, and hands-on applications to strengthen workplace implementation.
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Inventory Management Fundamentals and Value Chain Integration
- Understanding the role and purpose of inventory within organizational operations
- Examining different categories and classifications of inventory items
- Identifying and managing excess and non-moving inventory effectively
- Coffee break
- Identifying and managing excess and non-moving inventory effectively (continued)
- Applying inventory prioritization methods for stock categorization and control
- Understanding inventory placement strategies across the supply chain
- Using inventory optimization techniques to determine appropriate replenishment quantities
Day 2
Demand Planning and Inventory Coordination
- Understanding core demand planning concepts and approaches
- Applying customer segmentation methods to support planning activities
- Exploring different levels of planning and operational alignment
- Developing integrated planning approaches for inventory and operational needs
- Coffee break
- Developing integrated planning approaches for inventory and operational needs (continued)
- Coordinating planning activities across functions and departments
- Understanding scheduling principles to align demand and inventory requirements
Day 3
Forecasting and Safety Stock Management
- Understanding forecasting principles and their impact on inventory performance
- Evaluating the relationship between lead times and planning effectiveness
- Applying quantitative methods for forecasting future demand patterns
- Coffee break
- Applying quantitative methods for forecasting future demand patterns (continued)
- Exploring qualitative forecasting techniques and judgment-based approaches
- Measuring forecast reliability and monitoring performance trends
- Establishing appropriate inventory buffers and safety stock levels
Day 4
Inventory Control Systems and Recording Processes
- Understanding different inventory counting and verification methods
- Applying periodic and continuous inventory monitoring techniques
- Managing inventory records and maintaining data accuracy
- Coffee break
- Managing inventory records and maintaining data accuracy (continued)
- Using barcode systems to improve stock identification and movement tracking
- Understanding technology solutions for automated inventory monitoring
- Reviewing inventory valuation and accounting principles
Day 5
Inventory Performance and Continuous Improvement
- Measuring inventory movement and utilization efficiency
- Evaluating customer service and inventory availability performance indicators
- Understanding operational costs associated with inventory activities
- Assessing overall inventory system effectiveness
- Coffee break
- Assessing overall inventory system effectiveness (continued)
- Using performance data to support decision-making and improvements
- Practical exercise on inventory analysis and selective inventory control techniques
FAQ
Frequently asked questions
What does Certificate in Inventory Management Best Practices (PSCM-016) 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 5 - 9 October 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Inventory managers and supervisors, Warehouse professionals, Supply chain and logistics personnel
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
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?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Barcelona, Munich, London, Madrid, Geneva, Istanbul, Kuala lumpur, Amsterdam, Dubai.
How long is the training programme?
The programme runs for five days, with up to five training hours per day, from 9:00 AM to 2:00 PM. Each programme includes a total of 25 training hours.
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Choose an available date and venue, add your participants, and we will email a formal quotation for Certificate in Inventory Management Best Practices to your business address.