Certificate in Inventory Management, Demand Planning and Forecasting

In today’s business environment, inventory management can be the key link between success and positive cash flow or failure and overwhelming red ink. The role of inventory in supply chain management puts an organization in the position of trying to strike a balance between fulfilling the demands of customers, which is often difficult to forecast with precision or accuracy, and maintaining an adequate supply of materials and goods. In parallel, demand planning is a process of forecasting, or predicting, the demand for products to ensure they can be delivered and satisfy customers, with the goal of creating a balance between having sufficient inventory levels to meet customer needs without having a surplus.
 

Supply chain management
 

In order to achieve greater results, professionals in the supply chain management field should have the knowledge of Inventory management, demand planning, and forecasting best practices. This training course is designed to provide participants with a proactive approach to improving their organization’s methods of management. 

• Establish an inventory management policy
• Reduce your inventory while improving your customer service
• Balance service and safety stock implications
• Understand the inventory flow of costs and carrying inventory
• Better forecast your true inventory needs
• Utilize the ordering and planning philosophies that suit your goals
• Plan and reduce lead-time cycle components
• Attain a higher level of inventory record accuracy
• Select the appropriate way to conduct an inventory