Ken Titmuss

Inventory Management

 2 Day Seminar 

This seminar has been designed for those employees in the supply chain that manage and control independent demand items, that is, finished products and distribution inventories.

From experience, it has been found that too many companies have too much inventory in their distribution supply chains. Often the employees have little understand, or have not been taught effectively, how to plan and control these inventories and they consequently hold too much safety stock.

The seminar is very practical with delegates working through many relevant exercises and examples. Delegates are requested to bring paper, pencils and a calculator to the sessions.

The seminar basically covers forecasting and demand management, fundamentals of inventory management, replenishment order quantities and independent demand ordering systems. A more detailed syllabus for the seminar is as follows: -

Demand Management
Economic Order Quantities
Demand Forecasting
Variations on the EOQ Model
Characteristics of Demand
Quantity Discounts
Principals of Forecasting
Use of EOQ when Costs Unknown
Collection and Preparation of Data
Order Point Systems
Forecasting Techniques
Determining Safety Stock
Intrinsic Forecasting Techniques
Determining Service Levels
Seasonality
Lead Time / Forecast Intervals
Aggregate Inventory Management
When an Order Point is Reached
Item Inventory Management
Periodic Review Systems
Inventory and the Flow of Materials
Distribution Inventories
Supply and Demand Patterns
Inventory Costs
Financial Statements and Inventory
Functions of Inventory
ABC Inventory Control
Objectives of Inventory Management

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Last modified:  February 11, 2001