Gaining Efficiency: Inventory Management
Train your employees on inventory management in the supply chain, categories of an inventory account, and inventory-management strategies.
- Critical Thinking
- Problem-Solving
Course overview
Inventory management is the unsung hero of supply chains. It plays a pivotal role in finding the sweet spot between meeting customer demand and steering clear of surplus. Essentially, it revolves around supervising the procurement, storage, and distribution of goods to maximize efficiency and profitability. It’s definitely a balancing act. And one that demands appropriate tools and strategies, like the ones outlined in this course.
Ultimately, successful inventory management requires your employees to understand the best strategies for different situations. For one situation, the “Just in time” approach might be best, so that the business only receives goods when necessary. In another situation, it might be better to prioritize accurate inventory forecasting to prevent stock shortages. By understanding the benefits of various strategies, your employees will find a balance that improves efficiency, cuts costs, and strengthens overall supply-chain resilience.
What’s covered
- Defining the role of “inventory management” in a supply chain
- Explaining common categories of an inventory account
- Applying inventory-management strategies
Why your teams need this course
This course is an essential resource for anyone involved in supply-chain inventory management. It looks in detail at what the role involves and explores key areas within the field. It provides practical tools and strategies, along with valuable resources to address real-world inventory challenges. In a world prioritizing efficiency, cost reduction, and supply-chain resilience, this course is invaluable for anyone wanting to enhance their expertise in the field.
Accredited by CPD
TalentLibrary is recognized as reaching the standards and benchmarks required by the Continuing Professional Development (CPD) Certification Service.
The CPD Certification Service is the world’s leading and largest independent accreditation organization for professional development courses across all industry sectors.
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Supply Chain and Risk Management
Train your employees on the 4 types of supply-chain risk, their warning signs, conducting risk assessments, and strategies to mitigate them.
Supply chain and social responsibility
Train your employees on factors for choosing sustainable, ethical suppliers, limitations, and strategies for a sustainable supply chain.
