CERTIFIED INVENTORY MANAGER
“Mastering Inventory Control, Accuracy, and Optimization for Operational Efficiency”
Course Schedule
| Date | Venue | Fees (Face-to-Face) |
| 21 – 23 Jan 2025 | Dubai, UAE | USD 2495 per delegate |
Course Introduction
Inventory is both a vital asset and a significant cost driver in every organization. Ineffective inventory management results in stockouts, overstocking, obsolescence, and cash flow issues. This Certified Inventory Manager program provides a structured and practical approach to managing inventory with accuracy, control, and strategic impact.
Over the course of three intensive days, participants will develop expertise in inventory planning, classification, demand forecasting, inventory accuracy, and cycle counting. The training also covers KPIs, warehousing integration, and the role of technology in inventory control, equipping professionals with tools to improve performance across the supply chain.
Course Objectives
By the end of this course, participants will be able to:
- Apply best practices in inventory control and management.
- Classify inventory using ABC, FSN, and VED models.
- Design and implement inventory accuracy programs.
- Analyze demand and safety stock for optimal replenishment.
- Integrate inventory metrics with procurement, warehousing, and finance.
- Use inventory KPIs to drive cost, availability, and performance improvement.
Key Benefits of Attending
- Gain certification that strengthens your credentials as an inventory leader.
- Improve accuracy, reduce holding costs, and streamline stock levels.
- Build forecasting and stock planning skills to manage volatility.
- Strengthen cross-functional collaboration across operations and supply chain.
- Identify and eliminate sources of inventory errors and inefficiencies.
Intended Audience
This program is designed for:
- Inventory and warehouse supervisors
- Supply chain and logistics managers
- Procurement and materials coordinators
- Storekeepers, planners, and stock controllers
- ERP and warehouse system users managing inventory records
Individual Benefits
Key competencies that will be developed include:
- Inventory accuracy and performance monitoring
- Demand planning and reorder optimization
- Cycle counting and inventory reconciliation
- Data analysis and inventory health assessments
- Process improvement for inventory reliability
Organization Benefits
Upon completing the training course, participants will demonstrate:
- Higher inventory accuracy and fewer stock variances
- Optimized inventory levels and reduced obsolescence
- Faster inventory turnover and improved working capital
- Greater visibility across departments managing stock
- Reliable supply chain planning and reporting
Instructional Methdology
The course follows a blended learning approach combining theory with practice:
- Industry Lectures – Inventory types, challenges, and frameworks
- Tools – Reorder point, EOQ, lead time calculators, and audit checklists
- Workshops – Classification, forecasting, and inventory planning
- Case Studies – Poor vs. best-in-class inventory examples
- Templates – Count sheets, aging reports, KPI scorecards
- Interactive Activities – Error root cause analysis, inventory simulations
Course Outline
Detailed 3-Day Course Outline
Training Hours: 7:30 AM – 3:30 PM
Daily Format: 3–4 Learning Modules | Coffee breaks: 09:30 & 11:15 | Lunch Buffet: 01:00 – 02:00
Day 1: Foundations of Inventory Management
Module 1: Inventory Objectives and Strategy (07:30 – 09:30)
- Types and roles of inventory in the supply chain
- Inventory cost breakdown and value optimization
- Strategic vs. tactical inventory control
Module 2: Inventory Classification and Segmentation (09:45 – 11:15)
- ABC, FSN, VED, and XYZ classifications
- Criticality, value, and frequency models
- Multi-criteria analysis and hybrid models
Module 3: Inventory Policy and Record Accuracy (11:30 – 01:00)
- Policies for reorder points, safety stock, and min-max levels
- Inventory accuracy targets and loss prevention
- ERP data alignment and master data quality
Module 4: Workshop – Classify & Set Control Policies (02:00 – 03:30)
- Hands-on classification and policy setup using sample data
Day 2: Planning, Forecasting, and Accuracy Control
Module 5: Demand Forecasting and Planning (07:30 – 09:30)
- Forecasting methods: moving average, exponential smoothing
- Dealing with variability and uncertainty
- Linking forecast to procurement and MRP
Module 6: Inventory Replenishment and Optimization (09:45 – 11:15)
- Reorder point, EOQ, and service level trade-offs
- Buffer stock strategies for uncertain demand
- Stock rotation and expiration management
Module 7: Cycle Counting and Inventory Verification (11:30 – 01:00)
- Count methods: periodic vs. perpetual
- Cycle counting program design and frequency
- Investigating and resolving discrepancies
Module 8: Group Simulation – Forecast, Plan & Count (02:00 – 03:30)
- Collaborative exercise simulating an inventory audit scenario
Day 3: Metrics, Systems, and Performance Review
Module 9: Inventory KPIs and Analytics (07:30 – 09:30)
- KPIs: inventory turns, carrying cost, days of supply
- Dashboards and reporting frequency
- Inventory health checks and root cause review
Module 10: Integrating Inventory with Warehousing & Finance (09:45 – 11:15)
- Stock valuation methods: FIFO, LIFO, weighted average
- Warehouse accuracy, bin location systems, and 5S
- Collaboration with purchasing and finance teams
Module 11: Technology Tools and System Use (11:30 – 01:00)
- WMS, ERP, and barcode/RFID systems
- Mobile and automated inventory solutions
- Data integrity and audit trails
Module 12: Certification Exam & Action Planning (02:00 – 03:30)
- Final exam and personal action plans for applying course tools
Certification
Participants who complete the program will receive a Certificate of Completion in Certified Inventory Manager, validating their skills in inventory strategy, planning, execution, and performance improvement across the supply chain.