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Inventory & Stock Control Management

Curriculum

  • 5 Sections
  • 15 Lessons
  • 5 Days
Expand all sectionsCollapse all sections
  • Module 1: Fundamentals of Inventory Management.
    3
    • 1.1
      Types of inventory and key control objectives.
    • 1.2
      Inventory turnover, accuracy, and cost implications.
    • 1.3
      Centralised vs. decentralised stock control.
  • Module 2: Forecasting & Demand Planning.
    3
    • 2.1
      Techniques for demand forecasting (moving average, exponential smoothing).
    • 2.2
      Seasonal and trend analysis.
    • 2.3
      Linking forecasts to stock planning and procurement.
  • Module 3: Stock Classification & Control Systems.
    3
    • 3.1
      ABC analysis, VED (Vital, Essential, Desirable), and FSN (Fast/Slow/Non-moving).
    • 3.2
      Setting reorder points, safety stock, and economic order quantity (EOQ).
    • 3.3
      Inventory control policies: fixed vs. variable systems.
  • Module 4: Technology, Automation & Warehouse Integration.
    3
    • 4.1
      Warehouse management systems (WMS) and barcode/RFID use.
    • 4.2
      Inventory dashboards, tracking tools, and ERP integration.
    • 4.3
      Automation trends in stock control and smart warehousing.
  • Module 5: Performance Monitoring & Continuous Improvement.
    3
    • 5.1
      Key inventory metrics: stock accuracy, inventory carrying cost, fill rate.
    • 5.2
      Cycle counting, audits, and reconciliation processes.
    • 5.3
      Lean inventory practices and waste reduction.
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Linking forecasts to stock planning and procurement.
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Setting reorder points, safety stock, and economic order quantity (EOQ).
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