Effective Inventory Management

( HRDF Training No : 10001293351 )

This program explores the value and strategy of effective inventory management to enhance supply chain performance and reduce costs. Participants will learn modern inventory planning and stock control techniques, apply demand planning models, and adopt best practices to improve customer service, optimize inventory levels, and strengthen organizational competitiveness.

Learning Outcome

• Understand objectives of modern inventory management and stock control.

• Apply demand planning, forecasting techniques, and lead-time management.

• Classify inventory, set order quantities, safety stock, and reorder points.

• Use stock control tools to reduce waste, costs, and warehouse inefficiencies.

• Recognize key trade-offs in inventory policy and decision-making.

• Implement effective warehouse management and lean inventory practices.

• Develop KPIs and continuous improvement measures for inventory control.