course | Inventory Optimization and Spare Parts Management
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PSCO-1533 | Inventory Optimization and Spare Parts Management
Course Sector : Procurement & Supply Chain Operations
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 3 Days | 2025-12-08 | 2025-12-10 | Dubai | $3,250 | Book now |
Course Introduction
This training course is designed to provide participants with comprehensive knowledge and skills in effectively managing inventory and optimizing spare parts within organizations. This course focuses on equipping participants with the tools and techniques necessary to achieve optimal inventory levels, reduce costs, and ensure availability of critical spare parts. Participants will learn key concepts of inventory management, spare parts optimization, demand forecasting, and strategic decision-making to enhance overall operational efficiency.
Course objective
Understand the principles and importance of inventory optimization and spare parts management.
• Implement inventory control techniques to achieve optimal stock levels.
• Develop demand forecasting models for accurate inventory planning.
• Apply strategic decision-making processes for spare parts management.
• Identify and implement cost-effective inventory optimization strategies.
Course Outline | Day 01
Introduction to Inventory Management
• Overview of inventory management and its significance
• Key principles and objectives of inventory optimization
• Inventory classification and ABC analysis
• Economic order quantity (EOQ) and reorder point calculations
Course Outline | Day 02
Demand Forecasting and Inventory Planning
• Techniques for demand forecasting and trend analysis
• Inventory planning and safety stock determination
• Just-in-Time (JIT) and lean inventory management principles
• Vendor-managed inventory (VMI) and consignment inventory practices
Course Outline | Day 03
Spare Parts Management Strategies
• Importance of spare parts management in operational efficiency
• Criticality analysis and spare parts classification
• Strategic decision-making for spare parts procurement and stock levels
• Maintenance, repair, and operations (MRO) inventory management
Inventory Optimization and Continuous Improvement
BOOST’s Professional Attendance Certificate “BPAC”
BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.
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