The British Academy for Training and Development offers a course on Methods of Inventory Analysis and Control. This course is designed for those who wish to acquire significant skills in warehouse and inventory management and gain insights into stock monitoring and inventory control processes. Inventory management begins where the purchasing process ends. The storage function involves preserving the stored items in the same condition in which they entered the warehouse, while ensuring the smooth flow of these items to the requesting departments based on their needs. This is achieved through the adoption of appropriate policies, procedures, planning, and inventory control measures. Warehouse management can be defined as the process that involves efforts to keep items in a good condition and make them available when needed for use. The goal of warehouse management is to ensure the continuity of material flow and production, thus avoiding any disruption in the production process.

Who Should Attend?

• Managers of institutions and commercial companies.
• Warehouse and inventory management professionals.
• Business owners interested in enhancing their warehouse management skills.
• Warehouse keepers and their assistants.
• Students and graduates of business administration faculties in various universities.

Knowledge and Benefits:

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

• Accurately receive materials and products requiring storage, ensuring their safety.
• Ensure the flow of stored products to the requesting departments at appropriate times.
• Prevent stock loss, damage, or deterioration.
• Minimize storage costs to the greatest extent possible.
• Apply modern techniques for inventory control in warehouses.
• Analyze routine organizational problems related to warehouses, control, and procedural aspects.
• Implement safety and security measures in warehouses.
• Write effective inventory control and warehouse management reports.
• Utilize modern applications in warehouse operations.

• Inventory Management Definition

  • The importance of inventory in achieving operational efficiency.
  • The impact of inventory on total costs.
  • The role of inventory in meeting customer needs.

• Types of Inventory

  • Finished products: inventory ready for sale.
  • Raw materials: inputs required for production.
  • Spare parts: items needed for equipment maintenance.

• Inventory Analysis Foundations

  • Inventory cost: how to calculate storage costs.
  • Inventory turnover rate: measuring the efficiency of inventory usage.
  • Inventory levels: how to determine optimal storage quantities.

• Demand Analysis

  • Demand forecasting methods: analyzing historical data.
  • Trend analysis: identifying seasonal patterns.
  • External influences: studying economic and social factors.

• Financial Inventory Analysis

  • Evaluating inventory using different methods.
  • Cost-benefit analysis: how to measure profitability.
  • Using financial reports to analyze inventory.

• Inventory Analysis Tools

  • ERP software: integrating all inventory operations.
  • Quantitative analysis tools.
  • Qualitative analysis tools.

• Inventory Management Models

  • JIT strategy: minimizing inventory levels.
  • Reorder point determination: calculating critical points.
  • Predictive ordering techniques: improving forecast accuracy.

• Inventory Control Techniques

  • RFID and barcodes: technologies for enhancing inventory tracking.
  • Continuous monitoring.
  • The importance of reports in decision-making.

• Performance Evaluation

  • Key performance indicators (KPIs) to measure operational effectiveness.
  • Analyzing inventory turnover rate: measuring the speed of inventory movement.
  • Setting goals: how to establish achievable objectives.

• Inventory Improvement Strategies

  • Lean techniques: reducing waste and improving efficiency.
  • Six Sigma: improving quality and reducing defects.
  • Data technology: using analytics to improve performance.

• Inventory Management in Unstable Times

  • How to respond to market fluctuations.
  • Risk analysis and its impact.
  • Developing contingency strategies.

• Inventory Management Technology

  • Using cloud-based software for inventory management.
  • Smart analysis tools for better decision-making.
  • Using big data to optimize inventory management.

• Multichannel Inventory Management

  • How multichannel operations impact inventory management.
  • Balancing inventory between physical and digital stores.
  • The importance of integrating different inventory systems.

• Advanced Forecasting Techniques

  • How to use historical data for improved forecasting.
  • Machine learning applications for better predictions.
  • Software techniques to enhance forecast accuracy.

• Global Inventory Management

  • Global challenges: how cultural and legal differences affect inventory management.
  • International transportation strategies: optimizing supply chains across borders.
  • International storage: considerations for storing inventory in multiple locations.

• Modern Trends in Warehouse Management

  • Technological innovations in inventory management.
  • How IoT devices contribute to inventory monitoring.
  • The impact of AI and big data analytics on warehouse management.