BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN BEGIN:VEVENT UID:1811@x8ti.com DTSTART;TZID=America/Toronto:20260817T090000 DTEND;TZID=America/Toronto:20260821T130000 DTSTAMP:20260227T084319Z URL:https://x8ti.com/event/inventory-and-stock-control-4/ SUMMARY:Inventory and Stock Control DESCRIPTION:Course Overview\nWhat is inventory management? Inventory manage ment is the supervision of inventory and stock of goods. It is a part of t he supply chain and is concerned with the transfer of goods from manufactu rers to warehouses for storage and then from warehouses to the place of sa le of goods. Thus\, inventory could be either raw material or the finished product or both.\n\nInventory is one of the most valuable assets of an or ganization and hence should be protected from risk of spoilage\, theft or damage. Inventory management ensures that inventory storage and transport does not hamper the quality of goods and that goods reach the customer in time.\n\nstrategies could differ across organizations\, but the objective and purpose still remain the same. Efficient inventory management ensures adequate restocking at the correct time.\n\nThis training course will empo wer you with thorough knowledge and detailed information about inventory m anagement. It will equip you with the complete skillset to oversee and suc cessfully achieve the objective of inventory management.\n\nThis will also increase opportunities to prove your skill and support growth within your organization. Although inventory management strategies may differ across organizations\, their objectives remain the same. Thus\, enrolling for thi s course will ensure that you are capable and competent to work and manage inventory for any organization or industry.\nCourse Objectives\nThe main objective of this Inventory and Stock Control Specialist training course i s to empower professionals with—\n\n detailed knowledge and understandi ng of inventory management\n the ability and confidence to independently and successfully drive inventory management for the organization\n the ad equate skill and confidence to train other professionals on inventory mana gement\n the required attention to detail and confidence to check existin g systems and introduce changes for enhanced inventory management\n the s killset and capabilities to oversee inventory management across any organi zation or industry\, thus increasing scope for progression and career deve lopment\n the required understanding of advanced concepts related to inve ntory management to make the process smarter and faster\, through leaner p rocesses and systems\n the ability to contribute to organizational growth through reduced costs and leaner operations\n the ability and potential to provide customers with superior quality goods at the right time\n the knowledge and experience to protect the organization against risks of dama ge\, loss or theft of goods\n\nTraining Methodology\ncreates courses and c ustomizes them as per the training audience. Training is delivered through lectures by a highly experienced individual from the relevant domain. Tra inee participation is encouraged through group activities\, assignments\, collective role-plays\, case studies\, etc. Trainees are encouraged to sha re experiences and issues faced at their respective workplaces\, and these are discussed in detail by the trainer in relation to the training topic. \n\nOrganizational Benefits\n\nBy professionals undertaking this Inventory and Stock Control Specialist course\, their organizations will derive the following benefits:\n\n Better inventory planning and management handled by trained and experienced professionals\n Reduced costs and losses due to spoilage\, theft or loss of goods\n Regular training of other professi onals in the organization on effective inventory management\n Application of advanced techniques and systems for faster\, more accurate\, leaner op erations\n Regular supply and stock of goods because of better tracking a nd recording mechanisms\n Better risk assessment and management because o f superior and careful storage and transportation of raw materials and fin ished products\n Increased client satisfaction because of superior qualit y goods at nominal prices and high availability\n Increased organizationa l productivity and better record maintenance\n Organizational growth and development because of increased productivity\, reduced prices\, higher cl ient satisfaction\, etc.\n\nPersonal Benefits\nProfessionals enrolling for this Inventory and Stock Control Specialist course will derive the follow ing benefits:\n\n Detailed understanding and knowledge of effective inven tory management\n Greater ability and confidence to oversee and successfu lly handle inventory control for your organization\, thereby demonstrating talent and inviting further opportunities for growth and development\n I ncreased knowledge and experience to train other professionals on effectiv e inventory management\n Enhanced skillset and eye to detail to audit exi sting systems and processes and make changes for the better\, ensuring tim ely delivery of superior quality goods to the customer\n Increased knowle dge and ability to apply advanced methods and ideas to enhance the invento ry management process of the organization\n Enhanced skillset and capabil ities to work and spearhead inventory management for any organization and/ or industry\, thus facilitating a broader scope for career growth and deve lopment\n Greater ability and experience to reduce costs and increase pro fits\, thereby contributing to organizational growth and development\n In creased knowledge\, understanding and experience to pre-empt risks and mit igate them before they have a profound impact on the organization\n\nWho S hould Attend?\n\n Senior management of an organization who play a key rol e in strategic decisions for any process change or enhancement in the orga nization\n Inventory control and planning managers and supervisors respon sible for overseeing all operations under inventory management and control \n Executives and staff involved in performing the operations related to inventory management\n Investors and potential investors who need to know the risk management strategies and storage as well as supply metrics for the organization to adjudge success and growth of the organization\n Qual ity checkers and compliance officials responsible for ensuring that the qu ality of goods and the process of handling material and finished products adheres to industry standards\n Legal officers and financial advisors dea ling with various facets of the inventory management process\n Vendors an d other external stakeholders involved in inventory management\n Any othe r professional interested in knowing about effective inventory management\ n\nCourse Outline\nThe Inventory and Stock Control Specialist course cover s the areas important to understand inventory management:\nTypes of Invent ory\n\n Raw materials\n Work-in-progress\n Finished goods\n Maintenanc e\, repair and operating goods\n Services\n Transportation\n\nTypes of I nventory Costs\n\n Holding/carrying costs\n Ordering costs\n Stock-out costs\n\nImportance of Inventory Management\n\n Higher profits through re duced costs and increased sales\n Improved customer service\n Reduced in ventory investment\n Increased productivity\n Inventory record accuracy\ n\nTypes of Inventory Management Strategies\n\n Just-in-time\n Material requirements planning\n Hybrid push–pull\n Supply chain management\n\n Objectives of Inventory Planning\n\n Customer satisfaction\n Forecasting needs\n Controlling costs\n Successful storage\n\nInventory Control\n\n Protection against fluctuation in demand\n Better use of men\, material and machines\n Protection against fluctuations in output\n Control of s tock volume\n Control of stock distribution\n\nInventory Control Techniqu es\n\n Set par levels\n Use first-in\, first-out\n Manage relationships \n Apply contingency planning\n Follow regular auditing\n Prioritize wi th ABC\n Advocate accurate forecasting\n Consider drop shipping\n\nCause s for Increase in Inventory\n\n Delay in order deliveries\n Quality prob lems\n Unexpected demand increase\n Inaccurate forecasts of lead times\n \nMajor Activities of Inventory Control\n\n Planning\n Procuring\n Rece iving and inspecting\n Storing and issuing\n Recording\n Physical verif ication\n Follow-up\n Material standardization and substitution\n\nSteps in Inventory Control\n\n Deciding minimum and maximum inventory limits\n Determining reorder point\n Determining reorder quantity\n ABC analysi s\n\nFactors Influencing Inventory Control\n\n Requirements\n Quantity i n stock order\n Procurement time/Lead time\n Obsolescence\n Profitabili ty\n\n \; ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2025/01/Care er-Development-and-Succession-Planning.jpg CATEGORIES:Procurement, Logistics and Supply Chain Management LOCATION:Boston Training Courses\, Boston Harbor Hotel\, Boston\, USA\, Uni ted States X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Boston Harbor Hotel\, Bosto n\, USA\, United States;X-APPLE-RADIUS=100;X-TITLE=Boston Training Courses :geo:0,0 END:VEVENT BEGIN:VTIMEZONE TZID:America/Toronto X-LIC-LOCATION:America/Toronto BEGIN:DAYLIGHT DTSTART:20260308T030000 TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT END:DAYLIGHT END:VTIMEZONE END:VCALENDAR