Course Summary:
Inventory is a strategic asset for organizations. The effective management of inventory can minimize a company’s spending while dramatically increasing its profit. In this course, we will explore how to use data science to manage inventory in uncertain environments, how to set inventory levels based on customer service requirements, and how to calculate inventory for products that have short sales cycles.

Type of Participant:
The course is designed to support professionals moving into, or who are already within supervisory or team leader roles but require training and development.

Objective:
By the end of the course, participants will be able to:
• Ensure optimal Inventory Levels
• Improve Cash Flow
• Reduce Storage requirements.
• Minimize Waste and Shrinkage
• Reduce Product Shelf-time.
• Support Demand Planning
• Analyze Sales Patterns

Training Methodology:
This interactive training course includes the following training methodologies as a percentage of the total tuition hours: –
• 30% Lectures
• 20% Workshops & Work Presentations
• 20% Case Studies & Practical Exercises
• 30% Videos, Software & Simulators Pre-Test, and Post-Test
• Group Work
• Discussion Presentation