The British Academy for Training and Development offers this training program in "Inventory Planning and Stock Optimization", designed to develop participants’ abilities to manage inventory efficiently while balancing material availability and storage costs.

The program covers demand forecasting, inventory requirements planning, stock level determination, and reorder policies aligned with operational needs and customer requirements. It also addresses safety stock management, inventory turnover analysis, surplus and shortage control, and coordination between procurement, warehousing, and production departments. In addition, the program examines the use of performance indicators and digital systems to monitor inventory movements, improve decision-making accuracy, and strengthen resource utilisation. Participants will gain a clear understanding of the methods used to reduce waste, control unnecessary expenses, and maintain appropriate inventory levels.

Who Should Attend?

• Warehouse and inventory managers responsible for stock planning, inventory control, and monitoring item movements.

• Procurement and supply chain specialists responsible for identifying material requirements and coordinating deliveries.

• Production and operations managers who depend on the availability of raw materials and components to maintain operational continuity.

• Financial analysts, inventory analysts, and planning officers responsible for monitoring storage costs and inventory performance indicators.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Understand the fundamentals of inventory planning and the factors affecting appropriate stock levels.

• Identify demand forecasting methods and estimate future material requirements.

• Determine optimal inventory levels and reorder points to prevent shortages and excess stock.

• Apply inventory classification methods and analyse turnover rates to improve stock management.

• Use performance indicators to improve inventory efficiency and reduce storage and procurement costs.

• Fundamentals of Inventory Planning and Management

  • The concept of inventory planning and its role in operational continuity.

  • Types of inventory according to their purpose and use.

  • The relationship between inventory, procurement, production, and sales.

• Factors Affecting Inventory Levels

  • The impact of demand and supplier lead times on stock levels.

  • Balancing item availability with inventory holding costs.

  • The effects of warehouse capacity and financial constraints on inventory planning.

• Demand Forecasting and Requirements Planning

  • Demand forecasting using historical consumption data.

  • The effects of seasonality and market changes on consumption.

  • Aligning material requirements with production and sales plans.

• Determining Inventory Levels and Reorder Points

  • Setting minimum and maximum inventory levels.

  • Calculating reorder points based on consumption and supplier lead times.

  • Determining purchasing quantities and reorder schedules.

• Methods for Inventory Level Optimization

  • The economic order quantity (EOQ) concept and inventory holding costs.

  • Determining safety stock according to demand fluctuations and supplier lead times.

  • Applying continuous and periodic inventory review systems.

• Inventory Classification and Priority Management

  • Classifying inventory items using ABC analysis.

  • Analysing demand variability using XYZ classification.

  • Establishing priorities for inventory control, storage, and replenishment.

• Managing Excess, Shortages, and Obsolete Inventory

  • Causes of excess stock accumulation and inventory shortages.

  • Managing obsolete, slow-moving, and non-moving items.

  • Reducing waste, deterioration, and storage-related losses.

• Inventory Costs and Operational Efficiency

  • Components of purchasing, ordering, and inventory holding costs.

  • Analysing inventory turnover rates and average holding periods.

  • Reducing costs while maintaining material availability.

• Information Systems and Modern Inventory Planning Technologies

  • Using Enterprise Resource Planning (ERP) and Warehouse Management Systems (WMS) to manage inventory.

  • The role of barcodes and tracking technologies in improving record accuracy.

  • Integrating inventory data with procurement, production, and sales systems.

• Inventory Performance Indicators and Control

  • Measuring inventory record accuracy and item availability.

  • Monitoring inventory turnover and storage and procurement costs.

  • Preparing performance reports and identifying inventory improvement opportunities.