Selective Inventory Control Techniques in Supply Chain

Optimizing Supply Chain Efficiency: Mastering Selective Inventory Control Techniques

Created by: Sitmi Academy
Management Consulting and Expertise

What Will I Learn?

• Deep understanding of the Inventory management function.
• Activities involved in Inventory Management function
• Understanding Inventory Costs: A Comprehensive Overview
• Need of best inventory management today - From Burden to Opportunity : Unleashing the Hidden Value of Inventory Management
• Benefits of well managed inventory - From Chaos to Control Unleashing the Potential of well managed inventory
• What is meaning of Selective Inventory Control Methods
• 9 Selective Inventory Control Methods - Categorization logic & uses (ABC, XYZ, FSN, HML, SDE, VED, S-OS, GOLF, PQR)
• Overview & Excel Calculation for ABC, XYZ, HML, FSN, S-OS, VED, SDE, PQR, GOLF Analysis.
• Categorizing Selective Inventory Control Methods in Microsoft Excel - Ready sheets for analysis in minutes.

Requirements

• English Language
• Software used to read PDF documents (Like Adobe)
• Microsoft Excel Basic awareness
• Learning & attentive mindset

Target audience

• Professionals - Like Buyers, Demand Planners, Logistics Planners, Inventory Planners, Supply Chain Managers, Supply Chain Analysts.
• Professionals looking to make their career or switch their careen in Supply Chain field.