Inventory & Materials Control

This course focuses on inventory management strategies and materials control systems. Topics include stock classification (ABC analysis), EOQ models, warehouse management, demand planning, and cost control techniques to minimize waste and optimize inventory performance.

• Understand inventory management principles
• Optimize stock levels and reduce excess inventory
• Improve warehouse efficiency
• Reduce operational costs
• Enhance supply chain performance

• Introduction to Inventory & Materials Management
• Types of Inventory (Raw Materials, WIP, Finished Goods)
• Inventory Control Techniques (FIFO, LIFO, ABC Analysis)
• Stock Replenishment Methods
• Demand Forecasting Basics
• Safety Stock & Reorder Levels
• Warehouse Operations & Layout
• Materials Handling & Storage Systems
• Inventory Accuracy & Cycle Counting
• Use of ERP Systems in Inventory Management
• Cost Control & Waste Reduction
• Performance Measurement (KPIs)

• Warehouse Managers
• Inventory Controllers
• Procurement Staff
• Supply Chain Professionals
• Operations Supervisors