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.
- 5 daysClassroom or online
- 17Upcoming dates
- 7Cities
- €1,925Fees from
Classroom
17 sessions
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Online / Live
17 sessions
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Introduction
Course overview
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.
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
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.
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 in the Value Chain
- Purpose of inventory in the value chain
- Classification of inventory
- Procedure for eliminating obsolete inventory
- Coffee break
- Procedure for eliminating obsolete inventory (continued)
- 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
- Coffee break
- Hierarchy of planning (continued)
- 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
- Coffee break
- Quantitative forecasting (continued)
- Qualitative forecasting
- Tracking forecast accuracy
- Determining safety stock
Day 4
Inventory Recording
- Period stock take
- Cycle counting
- Perpetual recording
- Coffee break
- Perpetual recording (continued)
- 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
- Coffee break
- Measuring the effectiveness of your system (continued)
- How to use the measurements
- Class exercise on selective inventory management
Course FAQs
Questions about this course
What participants and training managers usually ask before booking Masterclass Inventory Management. Can't find your answer?
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 9 - 13 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Inventory Managers, Warehouse Managers, Supply Chain Professionals
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, Kuala lumpur, Amsterdam, London, Istanbul, Paris.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
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