Course Summary:
Inventory control is the process of keeping the right number of parts and products in stock to avoid shortages, overstocks, and other costly problems.
Inventory control focuses on cutting the number of slow-selling products a company purchases while also increasing the number of high-selling products. This saves businesses time and money because they don’t have to spend lots of man-hours reordering and receiving goods that they don’t really need. Plus, they avoid devoting precious warehouse space to hold those products, which cuts down on carrying costs and affords more room for faster-selling products.

Type of Participant:
Logistics Administrator Logistics Manager Inventory Controller Warehouse Administrator Supply-Chain Professionals Any graduate or Postgraduate Warehouse Manager Logistics Director Strategic Sourcing Manager Purchasing and Inventory Clerk Procurement Manager/Specialist Production Operative, Supervisor, or Manager Maintenance Operative, Supervisor, or Manager Engineer Quality Manager Production Planner Purchasing Manager Production Warehouse Manager

Objective:
Typical benefits of a computerized inventory control system include:
• Increased profitability
• Having enough stock on hand so that you don’t run out
• Barcodes and inventory control labels to track inventory efficiently
• Reduction or elimination of inventory write-offs
• The ability to conduct audits more quickly and efficiently