The Complete Course on Inventory Management

This DIXONTECH program equips participants with comprehensive knowledge and advanced practices in inventory management, focusing on strategic planning, optimization, and control. The course covers the full spectrum of inventory functions—procurement, storage, distribution, and auditing—while emphasizing modern techniques such as demand forecasting, ABC analysis, and ERPbased inventory systems to ensure operational excellence and cost efficiency.

TRAINING TOPICS

• Inventory management fundamentals and concepts
• Demand forecasting and inventory planning
• Inventory costing and valuation methods
• Stock control systems and analysis
• Inventory optimization and replenishment models
• Supply chain and inventory integration
• Modern technologies in inventory management
• Measuring performance and inventory KPIs
• Continuous improvement and sustainability in inventory

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO:

• Implement effective inventory control methods
• Forecast inventory demand accurately
• Apply modern inventory valuation techniques
• Manage inventory levels efficiently
• Reduce stock losses and wastage
• Integrate inventory within supply chain systems
• Use ERP tools for monitoring inventory
• Develop inventory performance reports

TRAINING IS TAILORED TO:

• Inventory controllers and stock analysts
• Warehouse and logistics managers
• Procurement and supply chain professionals
• Production and operations managers
• Finance and audit professionals
• Material planners and schedulers
• ERP system users and implementers
• Inventory and store management trainees

TRAINING METHODOLOGY:

This course uses a blend of expertled presentations, group workshops, and case studies from real organizations. Participants engage in problemsolving exercises, simulations, and practical applications of modern inventory tools and techniques. The DIXONTECH methodology ensures participants develop both analytical and managerial competencies in inventory control and optimization.

DAY 1:

INVENTORY MANAGEMENT PRINCIPLES AND STRATEGIC IMPORTANCE

• Definition and objectives of inventory management
• Role of inventory in the supply chain
• Inventory types and classification
• Key functions of inventory control
• Strategic inventory planning and policy design
• Balancing demand and supply in inventory
• Impact of inventory on business performance
• Cost implications and financial significance
• Challenges and trends in inventory management

DAY 2:

FORECASTING AND INVENTORY PLANNING TECHNIQUES

• Demand forecasting and trend analysis
• Quantitative and qualitative forecasting models
• Datadriven inventory planning methods
• Setting reorder points and safety stock levels
• Economic Order Quantity (EOQ) model applications
• Lead time and variability management
• Forecasting errors and bias control
• Case examples in demand and supply synchronization
• Forecast accuracy measurement techniques

DAY 3:

INVENTORY CONTROL AND OPTIMIZATION METHODS

• ABC, XYZ, and FSN analysis for classification
• JustInTime (JIT) and Lean inventory systems
• Inventory optimization and stock replenishment models
• Consignment and vendormanaged inventory systems
• Periodic vs perpetual inventory systems
• Stock accuracy improvement techniques
• Reducing obsolete and dead stock
• Integrating control methods with ERP platforms
• Warehouse role in inventory optimization

DAY 4:

INVENTORY VALUATION, COSTING, AND PERFORMANCE MEASUREMENT

• FIFO, LIFO, and weighted average costing methods
• Standard costing and variance analysis
• Inventory valuation under IFRS standards
• Determining carrying and ordering costs
• Developing inventory performance indicators (KPIs)
• Inventory turnover and service level metrics
• Financial reporting and stock audit preparation
• Continuous improvement through benchmarking
• Case study: inventory valuation decision impact

DAY 5:

DIGITAL TRANSFORMATION AND INVENTORY EXCELLENCE

• Using ERP systems for inventory control
• Automation and digital tracking technologies
• IoT and AI in inventory visibility
• Blockchain and supply transparency innovations
• Loss prevention and inventory security
• Sustainable and green inventory practices
• Developing an inventory improvement plan
• Integrating Lean and Six Sigma principles
• Final assessment and action roadmap