Inventory management are the core of any product and service oriented company. To gain an edge in today´s competitive environment, your warehouse and inventory management system must be lean, cost-effective and super-efficient. Warehouses nowadays can be the key link between positive and successful cash flow, or failure and overwhelming red inks; therefore, good inventory control and is vital to meet real-world requirements of every organisation.

Inventory management is becoming more complex, making it critical for companies to find solutions that will assist in synchronising business processes and making it possible to gain a competitive advantage. The ideal outcome of inventory management is about making sure that there is sufficient supply in stock to anticipate the demands of production and manufacturing processes, customers and vendors; while gaining maximum profit.

This training will put you at the forefront of inventory management by examining costly challenges that is unique and tough to the manufacturing and warehouse environment. Participants will learn practical and cost-effective techniques to sharpen forecasts, find optimal stock levels, improve customer satisfaction and overcome every inventory management challenge that comes your way.

Why should you attend?

- The business potential of the Middle East region is staggering. Every area of the manufacturing, warehouse and inventory management is incredibly active, and massive government investment in infrastructure is being committed to ensure that the Middle East maximises the opportunity to cement the region's position as an essential logistics hub.

- The Middle East's burgeoning economy presents challenges and exciting opportunities for companies. In order to raise its competitive edge, organisations are implementing a series of comprehensive strategic initiatives focused on highlighting commitment to inventory management within and beyond the region, increasing market leadership and developing a truly global footprint.

- Inventory management is a major component of physical distribution. Surely, company will generate of loss of business if its warehouse inventory data was not properly maintained. It is a good practice to keep records up-to-date and should have all stored product details with these warehouse inventory management systems.

- Warehouses seeking to improve their inventory management practices by selecting an inventory management system that has the planning, forecasting, and inventory control functions and requirements needed to expand and manage inventory-related functions more accurately and efficiently.

Key topics

- Back to Basic: Building the right foundation for your inventory management

- Optimising economic order quality (EOQ) to minimise the total costs of inventory

- Discovering the essence of the Just in Time (JIT) revolution

- Building leaner, faster and efficient inventory management with inventory automation

- Hedging demand variability through improved inventory management

- Improving bottom line to get more from less with inventory optimisation

Benefits of Attending

- Exploring proven best practices and methodologies in achieving 99% inventory accuracy

- Improving inventory management and gain real-time visibility over inventory operations

- Increasing customer satisfaction through improved inventory management

- Accessing to the latest trends and proven strategies on cost-effective inventory control

- Adopting inventory management software to accurately balances supply and demand

- Appreciating forecasting as a tool for optimizing business process via objective decision making

- Balancing the costs with the benefits of inventory for successful inventory control

Who should attend?

People who have a hands-on role in planning and implementing inventory management, and those involved in ensuring effective inventory control and warehouse management, whether provided by external suppliers and internal support functions. This includes but is not limited to:

- Inventory controllers

- Inventory analyst

- Stores Managers

- Stock controller

- Inventory forecasting managers

- Warehouse operations managers

- Warehouse Investment Analyst

- Operation managers

- Supply Chain managers

- Supply Chain analyst

- Distribution operations managers

- Material managers

- Materials integrity controller

- Manufacturing analysts

- Manufacturing engineers

- Planning managers

- Buyers & planners

- Purchasing manager

- Procurement analysts

- Procurement managers

- Logistics managers

- Logistics project managers

- Import/Export managers

- Shipping managers

- Traffic managers

- Customer service managers

From the full spectrum of industries including but not limited to:

- Manufacturing

- Distributors

- Wholesalers

- Retailers

- Fast Moving Consumer Goods (FMCG)

- Food and Beverage

- Pharmaceutical / Medical

- Electrical / Electronics

- Automotive

- Automotive Parts

- Heavy industries (Downstream Oil & Gas, mining etc.)

- Chemicals & Petrochemicals

- Logistics

- Freight and forwarders

For more information on the full training program, please contact Miss Lee Chew Wan at LeeC@marcusevanskl.com today!