At the end of this course, the participants should be able to:
• Define the concept, types, storage concept, costs and importance of inventory
• Know the role of planning and inventory control system when deciding to store or not to store different materials
• Understand the concept and objectives of organization planning and inventory control
• Apply different methods used in planning and inventory control
• Gain knowledge of modern information technologies used in inventory planning and control

The importance of inventory in supply chain management
• What is supply chain management
• Importance of the Inventory function
• The main objectives of the Inventory function
Types of inventory
• What do we mean by Inventory?
• Types of inventory
• Why do we keep Inventory?
• Excess Inventory
• Inventory and quality management
• Inventory and supply chain management
Inventory costs
• Inventory costs
• Inventory turnover
Stock-taking
• The importance of inventory planning
• Types of inventory plans
• Inventory plan items
• Inventory identification needs plan
• Formulas for calculating the required quantities and their value
Inventory reorder methods
• Inventory levels
• Determine the economic quantity to buy Min-Max
• Determine the Inventory levels of the item
• Minimum / Emergency Amount / Safety Stock
• Lead Time
• Reorder point
• Reorder point with security stock
• Determine the economic amount of the purchase graphically
• Determine the economic amount to buy mathematically
Stock classification methods
• ABC method
• XYZ method
• FSN method
Inventory Evaluation
• Inventory evaluation methods
• Stocktaking
• Types of Stocktaking
• Benefits of Stocktaking
• Inventory control and inventory policies
Inventory control concept
• Inventory control Objective
• Inventory control tasks
• Administrative organization for Inventory control
• Inventory control professionals
• Forms used in Inventory control
Operations on inventory
• Receiving procedures
• Issuing procedures
• Procedures for returning materials
• Track Inventory movement
• Classification and coding of materials
• Forms
Modern technologies and their use in the field of inventory
• The importance of using technologies in the field of inventory control
• Technology in the warehouse field
• WMS warehouse management system
• Barcode
• RFID

• Continuous Improvement of Processes
• Order Processing
• Logistics planning
• Materials Requirement Planning
• Inventory Management & Optimization
• Master Production Scheduling
• Warehousing and Distribution

This training course will be carried out through the use of best practices and the right combination of engaging and purposeful tools such as:
• Practical, relevant case studies
• Workshops and group activities
• Related role plays
• Experiential learning
• Brain storming
• Stimulating mental activities
• Engaging team competitions
• Suitable training Videos
• Presentations
• Self–assessments
• Learning with Simulations and Games

Employees working in planning and inventory control departments as well as warehouse, financial and supply chain departments