INTRODUCTION TO THE COURSE
Effective inventory and stock control management is fundamental to operational success, as inventory represents a significant portion of an organization’s current assets. However, maintaining inventory comes with associated risks—including depreciation, obsolescence, and mismanagement—all of which can negatively impact profitability and reduce overall business value. Items stored for long periods may lose value, especially if they become outdated, excessive, or are no longer needed.
This Inventory & Stock Control Management training course is part of the Purchasing & Logistics training portfolio and is designed to equip participants with the strategies and tools to manage inventory more efficiently, reduce associated costs, and contribute positively to financial performance. It emphasizes the importance of recognizing the hidden costs of excess inventory and focuses on opportunities for optimization within warehousing and materials management functions.
Key focus areas include:
- Evaluating inventory visibility and applying segmentation models
- Assessing stocking strategies using proven assignment criteria
- Exploring tools and systems used in inventory optimization
- Understanding the integration between inventory systems and asset management platforms
- Realizing the value of lean inventory practices in reducing overhead
- Applying best-in-class techniques to improve supply chain efficiency
COURSE DETAILS
Objectives
By the end of this Inventory & Stock Control Management training course, participants will be able to:
- Effectively manage inventory throughout the entire lifecycle—from receipt to storage and final delivery
- Recognize how product movement through the supply chain adds operational value
- Professionally oversee inventory and supply chain activities to reduce costs and boost service levels
- Apply innovative thinking to solve common inventory challenges
- Select appropriate inventory control techniques suited to their business context
- Forecast demand more accurately and implement time-sensitive inventory planning
Training Methodology
This Inventory & Stock Control Management training course will be presented by a competent Professional who has designed successful inventory control measures.
Participants will learn by active participation during the training course through the use of exercises, questionnaires, syndicate and group discussion, training videos and practical on-hand application of inventory and stock control tools.
Organisational Impact
 Organizations will benefit through:
- Better alignment between inventory levels and operational needs
- Improved performance in stock management and supply chain functions
- Enhanced visibility into key metrics and performance indicators
- Reduced carrying costs and minimized inventory waste
- A more competitive, efficient, and responsive supply chain
Personal Impact
 Participants will gain:
- Practical skills in analyzing and managing inventory
- The ability to identify and implement productivity improvements
- A solid understanding of inventory’s strategic role in the supply chain
- Tools for balancing service quality with cost-efficiency
- A structured approach for ongoing process improvement
- Exposure to industry-recognized inventory management best practices
Who should Attend?
- Those New to Managing Inventory
- Those Non inventory people who need to gain an awareness of the issues and key drivers of stock control operations
- Inventory, Stock, Supply Chain, Logistics, Warehouse and Distribution Professionals
DAILY AGENDA
Day 1 to Day 5
- Inventory Definitions and Importance
- Inventory Flow in the Supply Chain
- The Basic Rules of Successful Supply Chain
- End-User Demand Analysis
- Forecasting for Operations and Maintenance
- Understanding Supply Lead Time
- Basic Mechanics of Inventory Systems
- Establishing Order Quantity
- Implications of Free Stock in Inventory
- Establishing Stock Checking
- Developing Stock Accuracy
- Stock Tolerances and Approvals
- Creating Inventory Policy
- Incoterms and the Supply Chain Rules
- Using the Supply Chain
- Using the Theory of Constraint
Certificate
- On successful completion of this training course, KC Academy Certificate will be awarded to the delegates.