Course ID
Key schedule and booking details
Length 10 Days
Location online
Fees £ 3700
Date 2026-05-18
OVERVIEW
Efficient inventory management is the backbone of business profitability—ensuring the right products are available at the right time while minimizing excess costs. As businesses strive to enhance their supply chain performance, mastering inventory control techniques is non-negotiable.
This comprehensive masterclass is designed to equip professionals with proven strategies, forecasting techniques, and modern inventory control methods to optimize stock levels, improve demand planning, and reduce waste. Whether you're a supply chain manager, operations professional, or inventory specialist, this course will provide the skills to streamline inventory processes and boost operational efficiency.
You’ll Learn How To:
• Leverage forecasting models to predict demand and avoid stock shortages.
Classify and manage inventory efficiently using demand planning techniques.
• Implement best practices for stock recording and tracking using modern technologies.
• Utilize Economic Order Quantity (EOQ) and safety stock calculations for inventory optimization.
• Analyze key performance metrics to improve inventory turnover and customer service.
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• Apply lean inventory principles to reduce waste and increase efficiency.
If you've ever thought, "How can I improve my inventory management strategies and enhance supply chain performance?" this course is your opportunity to turn that ambition into reality.
OBJECTIVES
The Inventory Management Masterclass Course will give you the skills, tools, and strategies to make smarter inventory management: Inventory optimisation.
• Demand forecasting.
• Cost control strategies.
• Supply chain efficiency.
• Performance measurement.
•
• Risk management in inventory.
IDEAL PARTICIPANTS
If you are one of the people who have a role in managing or influencing inventory decisions and operations, then this is
specially designed for you.
Inventory Management Masterclass Course Is Ideal For:
• Procurement and warehouse managers.
Inventory and supply chain professionals.
• Operations and finance specialists.
•
• Business owners and entrepreneurs.
OUTLINE
DAY 1
Inventory plays a critical role in business efficiency—today, we explore its function in the supply chain. Purpose of inventory—why businesses hold stock and how it impacts profitability.
• Classification of inventory—understanding raw materials, WIP, and finished goods.
• Techniques for eliminating obsolete inventory—reducing waste and optimizing stock.
• Applying Pareto’s Law (80/20 rule) to inventory classification.
• Optimizing inventory locations for faster retrieval and reduced costs.
•
• Using Economic Order Quantity (EOQ) to determine ideal order levels.
DAY 2
Accurate demand planning ensures businesses maintain optimal stock levels while reducing waste. Basic forecasting methods—predicting demand based on historical data.
• Customer segmentation and demand variations.
• Hierarchy of planning—from aggregate to master scheduling.
• Linking demand forecasting with maintenance and inventory planning meetings.
•
• Master scheduling and its role in inventory management.
DAY 3
Businesses thrive on accurate demand forecasting—today, we explore the techniques. Principles of forecasting—key concepts and importance in inventory management.
• Impact of lead times on forecast accuracy.
• Quantitative vs. qualitative forecasting techniques.
• Measuring forecast accuracy and tracking deviations.
•
• Safety stock calculations—ensuring protection against demand fluctuations.
DAY 4
Inventory accuracy is key to business efficiency—today, we focus on tracking systems. Stock-taking methods: Periodic stock take vs. cycle counting.
• Perpetual inventory recording and real-time tracking systems.
• Utilizing barcodes and RFID technology for inventory movement.
•
• Inventory accounting and financial implications.
DAY 5
To improve inventory operations, businesses must track key performance metrics. Stock turnover rate—measuring inventory efficiency.
• Customer service levels—ensuring product availability meets demand.
• Cost of operations—minimizing inventory holding and ordering costs.
• How to use performance data for process improvement.
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• Practical exercise: Selective inventory management techniques.
DAY 6
Stock optimization ensures businesses maintain ideal inventory levels to meet demand. Assessing stock review levels and optimizing replenishment cycles.
• Managing lead times for procurement and production.
• Target stock levels—balancing supply and demand effectively.
•
• The evolving role of procurement in inventory management.
DAY 7
Today’s businesses use advanced forecasting and supply chain models—we explore them in depth. Supply chain partnerships and their impact on inventory management.
• The ordering process and best practices for replenishment.
• Comparing order quantity techniques—fixed vs. variable.
•
• Advanced forecasting techniques for demand planning.
DAY 8
Beyond basic forecasting—today, we explore advanced demand forecasting methods. Weighted averages and their role in demand forecasting.
• Choosing the best forecasting model for your business.
• Monitoring and adjusting forecasts based on market trends.
• Forecasting for seasonal products and demand fluctuations.
•
• Material Requirements Planning (MRP) as an alternative to forecasting.
DAY 9
Uncertainty in demand and supply impacts inventory levels—today, we explore mitigation strategies. Material Requirements Planning (MRP) for demand-driven inventory.
• Master planning—balancing production and inventory.
• Batch sizes and their effect on operational efficiency.
•
• The future of inventory and logistics—emerging trends.
DAY 10
Lean inventory management reduces waste and improves efficiency—today, we dive deep. The principles of lean inventory management.
• Logistics and distribution strategies for optimized inventory control.
• Continuous improvement techniques in inventory and supply chain management.
•
• Class exercise: Developing a lean inventory strategy.
Will I receive course materials?
Yes, high-quality documentation is provided to all delegates.
Do you issue certificates?
An accredited Certificate of Completion is awarded upon successful completion.
What are the course timings?
09:00–12:45 or 13:00–17:00.
How do I register and pay?
Complete the registration form on the course page and select your preferred payment method.
What is your cancellation policy?
14 days from booking for a full refund or free transfer; exceptions apply on medical grounds.
Do you offer airport transfers?
Yes, airport pick-up and drop-off to/from the hotel can be arranged.
CONSULTING SERVICES
Tailored solutions for sustainable growth
At Regent Training Centre, we deliver consultancy services designed to help organisations overcome challenges and achieve sustainable growth through practical and results-driven strategies.
