Home / Courses / Procurement and Supply Chain Management
Procurement and Supply Chain Management · MSD2714

Inventory Management, Logistics Investment Recovery

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.

Register Online Face to Face Registration Download Course Details
Inventory Management, Logistics Investment Recovery
Online fee from
$200 USD
Standard: $300 · Save $100
Course Outcomes

Expected learning outcomes

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.
Curriculum

Course modules and 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.

Target Audience

Who should attend?

Those involved in inventory or demand planning and stock control at the operational and supervisory levels. Also, those working in other functions of supply chain management (purchasing, stores, distribution) who need to understand the mechanics of inventory planning and stock control.

Why Attend

Key course benefits

Practical capacity building approach
Designed for government, NGOs and public institutions
Real-world African case studies
Certificate of completion
Applicable tools and templates
Interactive facilitation and exercises
Course Enquiry

Need more information?

Ask Magna Skills about this course

Use the PHPMaker enquiry form to request a quotation, proposal letter, invoice, group training package, online access, or face-to-face training arrangement.

Make Course Enquiry WhatsApp Us

Debug

sql: SELECT COUNT(*) FROM `userlevels` WHERE `userlevelid` = -2, executionMS: 0.00047802925109863

sql: SELECT `userlevelid`, `userlevelname` FROM `userlevels`, executionMS: 0.00031900405883789

sql: SELECT COUNT(*) FROM `userlevelpermissions` WHERE `userlevelid` = -2, executionMS: 0.00070405006408691

sql: SELECT `tablename`, `userlevelid`, `permission` FROM `userlevelpermissions` WHERE `userlevelid` IN (-2), executionMS: 0.0029311180114746

sql: SELECT c.*, cc.Category_Name, cc.Summary AS CategorySummary, cc.Category_Description FROM courses c LEFT JOIN course_categories cc ON cc.id = c.Category WHERE c.id = 2714 LIMIT 1, executionMS: 0.0012540817260742

sql: UPDATE courses SET Views = IFNULL(Views,0) + 1 WHERE id='2714', executionMS: 0.0027120113372803

sql: SELECT * FROM course_modules WHERE CourseID = 2714 AND Status IN ('Active','1') ORDER BY SortOrder, id LIMIT 20, executionMS: 0.0007929801940918

sql: SELECT * FROM course_highlights WHERE CourseID = 2714 AND Status IN ('Active','1') ORDER BY SortOrder, id LIMIT 8, executionMS: 0.00053596496582031

sql: SELECT * FROM course_learning_outcomes WHERE CourseID = 2714 AND Status IN ('Active','1') ORDER BY SortOrder, id LIMIT 10, executionMS: 0.00055384635925293

sql: SELECT * FROM course_target_audience WHERE CourseID = 2714 AND Status IN ('Active','1') ORDER BY SortOrder, id LIMIT 8, executionMS: 0.00059795379638672

sql: SELECT * FROM resources WHERE CourseID = 2714 AND Status IN ('Published','Active','1') ORDER BY id DESC LIMIT 5, executionMS: 0.00063300132751465

sql: SELECT * FROM reviews WHERE CourseID = 2714 AND CanPublish = 1 AND Status IN ('Approved','Published','1') ORDER BY id DESC LIMIT 4, executionMS: 0.00056695938110352

sql: SELECT * FROM gallery_albums WHERE CourseID = 2714 AND Status IN ('Published','Active','1') ORDER BY IsFeatured DESC, AlbumDate DESC, id DESC LIMIT 3, executionMS: 0.00054192543029785

sql: SHOW COLUMNS FROM `venues` LIKE 'id', executionMS: 0.0014588832855225

sql: SELECT v.*, v.`id` AS VenueKey, (SELECT COUNT(*) FROM apply a WHERE a.Venue = v.`id` AND a.Course_Title = 2714) AS CourseApplications, (SELECT COUNT(*) FROM apply a WHERE a.Venue = v.`id`) AS TotalApplications FROM venues v ORDER BY CourseApplications DESC, TotalApplications DESC, v.Venue ASC, executionMS: 1.4624290466309

sql: SHOW COLUMNS FROM `courses` LIKE 'Category', executionMS: 0.00073409080505371

sql: SELECT id, Course_Title, Course_Code, Short_Description FROM courses WHERE Category = 817 AND id <> 2714 ORDER BY id DESC LIMIT 6, executionMS: 0.0019350051879883

sql: SELECT COUNT(*) FROM apply WHERE Course_Title = 2714, executionMS: 0.052211046218872

sql: SELECT COUNT(*) FROM enroll WHERE Course = 2714, executionMS: 0.00055694580078125

sql: SELECT ROUND(AVG(Rating),1) FROM reviews WHERE CourseID = 2714 AND CanPublish = 1, executionMS: 0.00034713745117188

sql: SELECT COUNT(*) FROM course_modules WHERE CourseID = 2714, executionMS: 0.00023508071899414

sql: SELECT COUNT(*) FROM course_lessons cl INNER JOIN course_modules cm ON cm.id = cl.ModuleID WHERE cm.CourseID = 2714, executionMS: 0.00031518936157227

sql: SELECT COUNT(*) FROM course_highlights WHERE CourseID = 2714, executionMS: 0.00019383430480957

sql: SELECT COUNT(*) FROM course_learning_outcomes WHERE CourseID = 2714, executionMS: 0.00021815299987793

sql: SELECT COUNT(*) FROM course_target_audience WHERE CourseID = 2714, executionMS: 0.00019192695617676

sql: SELECT COUNT(*) FROM resources WHERE CourseID = 2714, executionMS: 0.00024509429931641

sql: SELECT COUNT(*) FROM reviews WHERE CourseID = 2714, executionMS: 0.0002591609954834

sql: SELECT COUNT(*) FROM gallery_albums WHERE CourseID = 2714, executionMS: 0.00025081634521484

sql: SELECT COUNT(*) FROM course_enquiries WHERE CourseID = 2714, executionMS: 0.00028896331787109