INVENTORY MANAGEMENT & DEMAND FORECASTING
Master the Science of Stock Optimization and Demand Prediction for Smarter Supply Chain Decisions.
Course Schedule
| Venue (InHouse) | Fees |
|---|---|
| At Your Organization Premises | Ask For The Quotation |
Course Introduction
In today’s fast-paced and data-driven economy, effective inventory management and accurate demand forecasting are critical to reducing costs, increasing service levels, and ensuring supply chain efficiency. This comprehensive course equips professionals with the tools and techniques to manage inventory systematically and to forecast demand using proven statistical, analytical, and AI-driven models.
Course Objectives
By the end of this course, participants will be able to:
- Understand the core principles of inventory management and demand forecasting
- Identify and implement best practices in inventory control
- Select and apply appropriate forecasting methods
- Align inventory strategies with business and supply chain goals
- Use software tools to simulate demand and optimize stock levels
Key Benefits of Attending
Whether you’re in logistics, procurement, operations, or planning, this course will help you manage uncertainty, minimize stock-outs and overstocking, and ensure your organization stays competitive through efficient inventory systems and reliable forecasting techniques.
Intended Audience
- Inventory & Warehouse Managers
- Demand & Supply Planners
- Procurement Officers & Buyers
- Operations & Production Managers
- Logistics & Distribution Professionals
- Analysts & ERP Users
Individual Benefits
- Learn to reduce inventory holding costs
- Gain hands-on skills in demand modeling
- Boost accuracy in supply planning
- Position yourself for career growth in supply chain and operations
Organization Benefits
- Improve service levels and delivery performance
- Minimize working capital tied up in inventory
- Reduce risks from demand variability and lead time uncertainty
- Enhance S&OP (Sales and Operations Planning) integration
Instructional Methdology
- Real-world case studies and group activities
- Spreadsheet-based forecasting simulations
- Software demos for demand planning tools
- Interactive lectures and scenario-based learning
- KPI analysis and dashboard development
Course Outline
DETAILED 5-DAY COURSE OUTLINE (Customizable)
Training Hours: 07:30 AM – 03:30 PM
Daily Format: 3–4 Modules | Coffee breaks: 09:30 & 11:15 | Lunch Buffet: 01:00 – 02:00
DAY 1 – INVENTORY MANAGEMENT FUNDAMENTALS
- Module 1: Introduction to Inventory Types, Functions, and Costs (07:30 – 09:30)
- Module 2: Inventory Classification Systems – ABC, XYZ, FSN (09:45 – 11:15)
- Module 3: Inventory Turnover, EOQ, and Reorder Points (11:30 – 01:00)
- Module 4: Safety Stock and Service Level Calculations (02:00 – 03:30)
DAY 2 – INVENTORY CONTROL TECHNIQUES
- Module 1: Periodic vs. Continuous Review Systems (07:30 – 09:30)
- Module 2: Min-Max, Two-Bin, and Just-in-Time Systems (09:45 – 11:15)
- Module 3: Inventory Cycle Counting and Accuracy Techniques (11:30 – 01:00)
- Module 4: Inventory Performance Metrics and Dashboards (02:00 – 03:30)
DAY 3 – DEMAND FORECASTING PRINCIPLES
- Module 1: Overview of Forecasting in the Supply Chain Context (07:30 – 09:30)
- Module 2: Qualitative Methods – Judgmental, Delphi, Focus Groups (09:45 – 11:15)
- Module 3: Time Series Models – Moving Average, Exponential Smoothing (11:30 – 01:00)
- Module 4: Causal Models – Regression and External Factors (02:00 – 03:30)
DAY 4 – ADVANCED FORECASTING & TOOLS
- Module 1: Demand Sensing, Seasonality & Trend Adjustments (07:30 – 09:30)
- Module 2: Forecast Accuracy Metrics – MAPE, MAD, Bias (09:45 – 11:15)
- Module 3: Introduction to Forecasting Software (Excel, Power BI, SAP IBP) (11:30 – 01:00)
- Module 4: Integrating Forecasts into ERP & Inventory Systems (02:00 – 03:30)
DAY 5 – PLANNING, STRATEGY & PRACTICAL CASES
- Module 1: Inventory & Forecasting Policy Design (07:30 – 09:30)
- Module 2: S&OP and Collaboration with Sales/Marketing (09:45 – 11:15)
- Module 3: Group Simulation – Forecasting and Stock Optimization (11:30 – 01:00)
- Module 4: Course Wrap-up, Assessment & Certification (02:00 – 03:30)
Certification
Participants who complete the full course and pass the final assessment will receive a Certificate of Completion in Inventory Management & Demand Forecasting.