Fundamentals of Inventory Management
2 days|Delivered on request
Fundamentals of Inventory Management is built for delegates who need to be useful in this area quickly. It starts at first principles and works through supplier performance measurement and e-procurement systems without assuming prior specialist training. The programme exists because procurement decisions are now audited for process as closely as for price, and because capability in this area is usually built on the job with no structure behind it. Delegates leave able to work confidently with inventory optimisation, logistics management and bid adjudication in their own organisation.
What delegates leave able to do
- Make a decision about inventory optimisation without waiting for a specialist, measured against the CIPS professional standard
- Put logistics management on a footing they can defend to a reviewer
- Spot where bid adjudication is failing before it becomes a finding
- Take ownership of demand planning rather than escalating it
What the course covers
- Supplier performance measurement
- E-procurement systems
- Inventory optimisation
- Logistics management
- Bid adjudication
- Demand planning
- Supplier development
Who should attend
- supply chain analysts
- contract administrators
- inventory controllers
- procurement managers
