Procurement Planning and Inventory Control

Are you struggling with high inventory costs? Are you experiencing a shortage of raw materials when you need them most? Are you looking to streamline your procurement processes?

If so, our Procurement Planning and Inventory Control course is designed specifically for you. As one of the most sought-after courses in procurement and warehouse management, it offers practical solutions to your challenges

Learn scientific methods to manage your inventory effectively. Strike the perfect balance between meeting customer demands and minimizing costs

Take Control of Your Inventory!

Why procurement planning and inventory control course at The Only Solution for Training?

• Developed in collaboration with supply chain and logistics leaders, our course curriculum is constantly updated to reflect the latest trends and best practices in procurement and inventory

• Our instructors are not only experts in their field, but also passionate educators with a proven track record of success in developing skilled procurement and inventory professionals

• A fun and interactive learning environment with practical case studies, applications and exercises

• Our program provides a comprehensive foundation in all aspects of procurement and inventory while also allowing participants to focus on specific areas of interest

• Continuous support from our specialized team and continuous follow-up

• We offer a free post-program consultation for one month to help you develop a personalized career roadmap

• Providing accredited certificates that enhance your CV and prove your competence

• Certificate of attendance from the Only Solution Training 

• Accredited certificate from Cambridge Training College/ Britain

The target group for procurement planning and inventory control course

• Supply chain managers and employees 

• Procurement managers and staff 

• Warehouse managers and staff 

• Production engineers 

• Production supervisors 

• Quality control specialists 

• Inventory analysts

Objectives of procurement planning and inventory control course

• Enable participants to develop detailed procurement plans with an accuracy rate of 85% by the end of the course

• Equip participants to effectively use various forecasting methods with 80% accuracy by the end of the course

• Empower participants to reduce their overall inventory costs by at least 5% within one month of completing the course

Procurement planning and inventory control course outlines

• The importance and goals of procurement within organizations

• The procurement lifecycle: from planning to evaluation

• Requirements planning

• Methods for forecasting future needs

• Analyzing historical data to identify patterns and trends

• Developing detailed procurement plans

• Supplier identification and selection criteria

• Searching for new suppliers and evaluating the performance of existing suppliers

• Integrating procurement planning with inventory management

• Introduction to inventory management, its importance, and the components of its basic system

• Objectives of inventory management: Minimize costs, improve customer service, and avoid shortages

• The importance of accurate forecasting in inventory management

• Quantitative and qualitative methods of demand forecasting

• Analyzing historical data and identifying factors affecting demand

• Concepts of critical point level, reorder level, and safety stock level

• Methods for calculating optimal inventory levels

• Inventory management systems

• Types of inventory costs: Storage costs, shortage costs, ordering costs

• Strategies to minimize inventory costs

• Analyzing case studies of successful companies in managing their inventory

• Applying theoretical knowledge to practical cases

Plan your purchases strategically and optimize your inventory. Enroll now in our Procurement Planning and Inventory Control course!