course | Inventory and Stock Control Management
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PSCO-2518 | Inventory and Stock Control Management
Course Sector : Procurement & Supply Chain Operations
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 3 Days | 2025-06-23 | 2025-06-25 | Abu Dhabi | $3,250 | Book now |
| 3 Days | 2025-07-28 | 2025-07-30 | Dubai | $3,250 | Book now |
| 3 Days | 2025-10-13 | 2025-10-15 | London | $3,950 | Book now |
| 3 Days | 2025-08-25 | 2025-08-27 | Abu Dhabi | $3,250 | Book now |
Course Introduction
Effective inventory and stock control are essential for reducing costs, maximizing service levels, and maintaining seamless operations across supply chains. Poor inventory practices can lead to overstocking, stockouts, operational delays, and loss of revenue.
This course provides participants with advanced tools and techniques to monitor, evaluate, and control inventory effectively. It includes forecasting methods, valuation models, stock replenishment strategies, risk management, and the use of digital systems for real-time inventory tracking.
Training Course Methodology
This interactive course combines:
- Facilitator-led lectures and expert insights
- Practical exercises and inventory simulations
- Case studies from real business scenarios
- Group discussions and brainstorming sessions
Technology demos and hands-on worksheets
Course objective
- Understand the strategic importance of inventory and stock control in business operations.
- Identify different types of inventory and apply appropriate classification systems.
- Implement cost-effective inventory management models (e.g., EOQ, safety stock, JIT).
- Utilize performance metrics to improve inventory turnover and accuracy.
- Integrate technology for real-time inventory control and reporting.
- Mitigate risks and manage exceptions in stock levels and supply chain disruptions.
Course Outline | DAY 01
Inventory Management Fundamentals
- Introduction to Inventory Management
- Objectives and functions of stock control
- Types of inventory: raw materials, WIP, finished goods, MRO
- ABC & XYZ inventory classification
- Inventory costing methods: FIFO, LIFO, Weighted Average
Inventory policies and documentation
Course Outline | Day 02
Optimization and Performance
- Stock replenishment models (EOQ, reorder points, safety stock)
- Inventory turnover ratios and KPIs
- Stock rotation and shelf-life strategies
- Managing slow-moving and obsolete inventory
- Demand forecasting techniques
Course Outline | Day 03
Technology, Risk & Integration
- Inventory control systems and software (ERP, WMS, barcode/RFID)
- Real-time tracking and reporting tools
- Auditing and cycle counting methods
- Risk management and contingency planning
- Integrating inventory control with procurement and logistics
- Final Group Activity: Designing a Stock Control Plan for Your Organization
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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