Inventory Management, Logistics Investment Recovery
Course Summary:

Magna Skills is pleased to introduce the Inventory Management and Logistics Investment Recovery course, tailored for professionals seeking expertise in efficient inventory control and the strategic recovery of logistics investments. This program covers key principles, techniques, and best practices to optimize inventory processes and maximize returns on logistics investments.

Demand planners are the 'behind the scenes' professionals who are entrusted with this critical responsibility. When they do their job right, no one recognizes them. However, they will be noticed quickly when they fail to deliver, given the negative impact this will have on customer service and the bottom line.

In this course, many demand planning theories, models and best practices will be discussed which will assist the participants in dealing with various future scenarios to ensure continuous flow of the inventory at the least possible total cost.

Course Objectives:

Upon completion of the course, participants will:

  1. Optimize Inventory Management:

    • Understand the fundamentals of inventory management.
    • Implement strategies to optimize stock levels, reduce carrying costs, and enhance supply chain efficiency.
  2. Logistics Investment Recovery Strategies:

    • Gain insights into recovering value from logistics investments.
    • Develop effective strategies for salvaging, repurposing, or disposing of surplus or obsolete inventory.
  3. Supply Chain Integration and Coordination:

    • Learn techniques to integrate inventory management with overall supply chain operations.
    • Enhance coordination among various elements of the supply chain for improved efficiency.
  4. Technology Integration in Inventory Control:

    • Explore the use of technology, including inventory management systems and RFID, for enhanced control.
    • Implement automation and digital solutions for accurate tracking and reporting.
  5. Risk Management in Inventory and Investments:

    • Identify and mitigate risks associated with inventory management and logistics investments.
    • Implement proactive measures to address potential challenges in the supply chain.

Course Outline

Module 1: Fundamentals of Inventory Management

  • Basics of inventory management and its importance
  • Inventory classification and ABC analysis

Module 2: Inventory Optimization Strategies

  • Techniques for optimizing stock levels
  • Carrying costs reduction and efficiency enhancement

Module 3: Logistics Investment Recovery Approaches

  • Strategies for recovering value from logistics investments
  • Salvaging, repurposing, and disposing of surplus inventory

Module 4: Supply Chain Integration and Coordination

  • Integrating inventory management with overall supply chain operations
  • Coordination strategies for improved efficiency

Module 5: Technology in Inventory Control

  • Utilizing technology for enhanced inventory control
  • Implementation of inventory management systems and RFID

Module 6: Risk Management in Inventory and Investments

  • Identifying and mitigating risks in inventory management
  • Proactive measures to address supply chain challenges

Module 7: Sustainable Practices in Inventory Management

  • Implementing environmentally friendly inventory practices
  • Strategies for sustainable logistics investments

Module 8: Performance Metrics and Key Performance Indicators (KPIs)

  • Measurement and evaluation of inventory performance
  • Key metrics for assessing logistics investment recovery

Module 9: Continuous Improvement in Inventory Processes

  • Establishing mechanisms for continuous improvement
  • Implementing feedback loops for ongoing enhancement

Module 10: Case Studies and Practical Applications - Analyzing real-world case studies in inventory management - Applying course concepts to practical scenarios

This course is ideal for professionals involved in inventory management, logistics, and supply chain operations. Through practical exercises and case studies, participants will gain the skills and knowledge needed to enhance inventory processes and strategically recover value from logistics investments.