Inventory Management

• List the objectives of inventory management and its impact on costs and customer service.
• Perform proper classification of inventory and use best practices for item specification/cataloging.
• Use forecasting techniques to predict demand and better manage lead times.
• Identify the optimum ordering quantity and determine safety stocks and reorder points.
• Conduct cycle counts, improve inventory record accuracy, and find ways to reduce inventories.
• Apply Key Performance Indicators (KPIs) to measure and improve inventory performance

Certificate

• Introduction to Inventory Management
• Description and Classification of Inventory
• Forecasting Demand and Lead Time
• Inventory Systems
• Counting and Controlling Inventory
• Reducing Inventory Investment
• Measuring Inventory Management Performance

MEIRC SA is the leading provider of human potential development training programs in Saudi Arabia. Since its inception, MEIRC SA contributed in improving immediate and long-term performance of Thousands of Saudi executives, technicians and individuals. It has a proven track and exceptional experience with all leading Saudi companies in different industrial fields. MEIRC SA is dedicated to taking your career and organization to the next level.