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Instructor-Led Training on “Inventory Optimization”

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Instructor-Led Training on “Inventory Optimization”

August 15, 2020 @ 10:00 am - 2:15 pm

Overview:

Inventory optimization is a method of balancing capital investment constraints or objectives and service-level goals over a large assortment of stock-keeping units (SKUs) while taking demand and supply volatility into account.

Without inventory optimization, companies commonly set inventory targets using rules of thumb or single stage calculations. Rules of thumb normally involve setting a number of days of supply as a coverage target.

Inventory can be millstone or a source of competitive advantage for firms. Excess inventories as well as stock-outs situation, both are an equal problem. With the continuous shrinking of lead times and the ever increasing customer demand, maintaining the right amount of inventory has become a challenge by itself. 

After this training program, the participant will be able to design Inventory Maturity Model for  the organisation.

Who Should Attend?

Participant profile: Mid to high level decision makers from Demand Management, Production Planners, Procurement, Material Management, and Supply Chain professionals from Manufacturing, Service and I.T. consultancy industry.

Key Takeaways

On successful completion of this unit the students are expected to be able to:

  • Understand Inventory Concepts.
  • Determine and forecast demand for Inventory.
  • Explain right inventory policy.
  • How to prepare Inventor Maturity Model.

Speaker: Mr. Pradeep V. Khetan, CPSMMLS-SCMCFPIM, CSCP, CTL, PLS

Training Fee:
Standard Registration Fee: INR 3,500 + GST@18%
Member’s Discount Offer: INR 2,500 + GST@18%

Payment Link: If you want to pay now Click Here. Please share the print screen of the successful transaction asap to get immediate approval.

 

Book Your Slot Now

Details

Date:
August 15, 2020
Time:
10:00 am - 2:15 pm
Website:
https://docs.google.com/forms/d/e/1FAIpQLSevLY641kVc26kAQLQuyjk2mfZuqOPLTlNLNiszSX5r01YmxQ/viewform

Organizer

ISM-INDIA
Phone:
0124-4221353, +91 9971171220
Email:
riya.ramppal@ism-india.org
View Organizer Website

Venue

Online
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