Your Development. Our Passion.

An Intensive 4 Day Training Course

Effective Inventory Planning

& Stock Control
Inventory Management Techniques for Managing & Improving
Warehouse, Inventory and Stock Control
14 - 17 March 2023, Sandton, Johannesburg
06 - 09 June 2023, Pretoria
12-JUN-17

This course is Designed, Developed, and will be Delivered under

isO Quality standards
ISO 29990:2010 T: +27 11 057 6895
F: +27 86 592 5557
E: training@za-icl.com
P.O. Box: X033, Rivonia, 2128

www.za-icl.com
Effective Inventory
Planning & Stock Control
Inventory Management Techniques for Managing &
Improving Warehouse, Inventory and Stock Control

Why Choose this Training Course?

Knowledge of Inventory Management is critical
for the effective management of procurement
and the supply chain, however Inventory it is
commonly not understood. Therefore too high
levels of inventory are held with attendant
increases to costs, product obsolescence etc.

The purpose of this seminar is to:

• Enable delegates to evaluate current procedures

• Achieve maximum performance in inventory
management Who is this Training Course for?
• Understand and implement the “world class”
tools for managing inventory in the supply chain This ICL training course is suitable to Those new
• Provides practical skills to eliminate wasteful costs. to managing inventory and those non inventory
• Avoid those internal problems that limit people who need to gain an awareness of the
performance. issues and key drivers of stock control operations
• Examine how lead time builds up Inventory, Stock, Supply Chain, Logistics, Warehouse
• Change methods of managing inventory.
and Distribution Professionals including the following
individuals:
What are the Goals?
• Stock, Warehouse and Logistics/Distribution
By the end of this training course, participants will be Professionals
able to: • Personnel involved in export and import logistics

• Learn to improve performance in the stores function

• Consider how to utilize the most modern inventory
How will this Training Course
techniques
be Presented?
• Discover the importance of dynamic supply chain
management
The course will be presented by a competent Professional
• Develop their skills in managing stores and
who has designed successful inventory control measures.
inventory personnel
Participants will learn by active participation during the
• Master techniques for dealing with operational
programme through the use of exercises, questionnaires,
challenges
syndicate and group discussion, training videos and
• Plan for export and import logistics
practical on-hand application of inventory and stock
• Appreciate that time is cash
control tools
• See that movement to the customer is all that adds value
• Apply the 8 Rules for Effective SCM

www.za-icl.com
Daily Agenda
day One: Inventory and the Supply Chain day two: Inventory Replenishment Methods and
Systems
Competency Description: Warehouses are complicated
areas of any business and in order to manage effectively a Topics to be covered
supervisor requires to appreciate the complexities of the
operation. • Basic mechanics of inventory
• systems
Topics to be covered • The stock time curve
• Stock components
• Inventory management definition • Stock investment
• Types of stock • Free stock
• Demand amplifications • Fixed order quantity systems
• Demand replenishment in networks • Fixed order time cycle systems
• Managing the flows • Requirements planning systems
• Type I and II supply chains
• The Supply Chain Rules
• Inventory and statistics Day 3 - Stock Control and Checking
• Concept of service level Topics to be covered

• Establishing Stock Checking

Inventory Key Concepts • Developing Stock accuracy
• Key Component: Demand Analysis • Stock tolerances and approvals
• Key Component: Demand • Stock reconciliations/
• Forecasting • discrepancies
• Key Component: Supply Lead Time • Identifying Surplus and
• Key Component: Cost & Benefits • obsolescent stock
• Inventory benefits • Identifying different Storage
• Inventory policies • conditions
• Inventory in organizations • Understanding Stock coding
• Stock Variety reductions

Effective Inventory Planning & Stock Control

Inventory Performance
Topics to be covered

• Inventory Assessment
• Assessing the stock level
• Models for implementing inventory control
• Determining stock targets Organizational Impact
• Inventory questions
• Inventory KPI’s in warehouses/stores • Examine the link of inventory in the company supply
• chain operations and activities
• Analyse the key areas of operation
Day 4 -Inventory Strategies • Identify and understand key performance indicators
• Succeed in improving operation
Topics to be covered
• Apply the right cost and service balance
• Push/pull • Gain a competitive advantage
• Quick response (QR)
• Efficient consumer response (ECR)
• Collaborative planning forecasting and Personal Impact
• replenishment (CPFR)
• Lean and agile approaches • How to analyse stock and inventory
• Quality Management • How to make productivity improvements
• Postponement • Understand the role of inventory in the supply chain
• Cross Docking • Balancing cost and service requirements
• Consolidation • A framework for continual improvement
• Vendor Managed Inventory (VMI) • Best in class practices
• Consignment stocking
• Co Managed Inventory (CMI)
• Direct product profitability (DPP)
• Economic value added (EVA)
• Collaborative supply chains

Inventory Improvements
Topics to be covered

• Using the Supply Chain

The Certificate
• Using the Theory of Constraints
• Practical inventory improvements
• Call offs and Telemetry Institute of Corporate Learning Certificate of
• Keys to reducing stock levels Completion for delegates who attend and complete
• The 7 Rules for planning inventory the course
• Model for planning inventory

Effective Inventory Planning & Stock Control

 Effective Inventory
Planning & Stock Control
Inventory Management Techniques for Managing &
Improving Warehouse, Inventory and Stock Control

COURSE DATES, VENUES AND FEES

14 - 17 March 2023 Johannesburg Live online R16 499.00 R11 500.00

06 - 09 June 2023 Pretoria Live online R16 499.00 R11 500.00

This fee is inclusive of Documentation, Lunch and Refreshments

Please use BLOCK CAPITALS

starting to complete the form.

Airport Transfer (return) - R1 350.00pp Accommodation Per Night (5 Nights) - R1 700.00 incl. b/f

PARTICIPANT DETAILS (1)

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Position: ________________________________________________ Company: ____________________________________________________

Telephone:____________________ Mobile: _____________________ Email: _____________________________________________________

PARTICIPANT DETAILS (2)

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Position: ________________________________________________ Company: ____________________________________________________

Telephone:____________________ Mobile: _____________________ Email: _____________________________________________________

PARTICIPANT DETAILS (3)

Last Name: ______________________________________________ First Name (Mr./Mrs: __________________________________________

Position: ________________________________________________ Company: ____________________________________________________

Telephone:____________________ Mobile: _____________________ Email: _____________________________________________________

AUTHORISATION

Authorisation By: ______________________________________________________________________________________________________

Position: ________________________________________________ Company: ____________________________________________________
Postal Address: ________________________________________________________________________________________________________
Telephone:____________________ Mobile: _____________________ Email: ________________________ Signature: __________________
BOOKING TERMS & CONDITIONS

Booking
• Bookings for courses can be made via our website (https://www.za-icl.com) or by contacting our Registration Desk on
+27 11 057 6895 or at training@za-icl..com
• For on-line bookings, please select the course that you require and click on the “Register Now” button, following the
instructions step by step
•
with all necessary documentation

Invoicing and Payment

• Our fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments
served during entire training. Accommodation charges are not included in the course fees
• Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted
• Invoices will be sent via email/courier to the ID/name and address provided
• We prefer to have the fees payment in our account before the start of training course. However, if your company has a
different payment policy, the same should inform us in advance
• The currency of fees is in South African Rand (ZAR), US Dollars (USD). Payments can be made in USD or RSA local
currency either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the Invoice
• Please note that we do accept payment by cash, in USD or ZAR, only for the last minute bookings

Cancellation of Courses
• It may be necessary for ICL to amend or cancel any course, course times, instructors, dates or published
fees due to unforeseen circumstances and we reserve the right for such changes
• Any amendments will be advised before the course start date and any bookings already paid in full will not be subject
to increased fees

Cancellation by Client
•
are deemed to have a contract with ICL. You reserve the right to cancel this contract given the below
terms
• All cancellations must be received in writing at training@za-icl.com and webmaster@za-icl.com at least 14
days prior to the training
• After the cancellation period has expired, consideration may be given, on a case to case basis, if a registered delegate
nominates a substitute on the same course, shifts to next session of the course or moves to a new course
• For a cancellation request made on or before the statutory 14 day cancellation period, a refund may be given or a credit
note issued which can be used against future course fees
• A 25% administration fee (of the total course fee at the time of booking) will be charged for any cancellations made
outside of the statutory cancellation period

• The daily course schedule should be accurately followed to ensure undeterred implementation of our training
•
• Please report any foreseeable absences to a ICL representative or to your sponsors directly
•

Your Development. Our Passion.

T: +27 11 057 6895
F: +27 86 592 5557
E: training@za-icl.com
P.O. Box: X033, Rivonia, 2128 .

www.za-icl.com