Inventory and Stock Control Management

Inventory and Stock Control Management

Certificate training endorsed by CILT

The ability to effectively manage has a major impact on supply chain performance and the resultant cost to serve profile. Poor inventory decisions will result in costs being increased or customers being let down. Getting the balance right requires skilful application of inventory management techniques.

This course is an intensive three day course, for those who want to understand and implement the essential tools for managing inventory in the supply chain.

Participants are shown how to evaluate procedures and make needed changes to methods to improve customer service whilst achieving reductions in inventory; eliminate wasteful costs; avoid internal problems that limit performance; obtain added value for money.

Personal impact   

• How to analyse stock and inventory
• How to make productivity improvements
• Understand the role of inventory in the supply chain
• Balancing cost and service requirements
• A framework for continual improvement
• Best in class practices

Organisational impact   

• To Examine the link of inventory in the company supply chain operations and activities
• To Analyse the key areas of operations
• To Identify and Understand key performance indicators
• To Succeed in improving operations

Certificates of Completion Requirements: All course attendees must meet minimum testing standards (60% is the passing grade) to receive the certificates of completion issued by CILT (The Chartered Institute of Logistics and Transport).

By attending this highly informative course delegates will cover:

• The supply chain and how to manage the relationships and material flows in the chain
• Product classification and inventory costs and service for managing products & stock
• Replenishment methods and understanding how much stock one should hold
• Forecasting & stock control including demand forecasting, stock coding, stock recording and stock checking
• Models for planning inventory & improvements

Who should attend

• Inventory, Stock, Supply Chain, Logistics, Warehouse and Distribution Supervisors/Managers.
• Owners, Operators and Directors of companies who hold sock and inventory.
• Including those new to managing inventory and those non inventory professionals who need to gain an awareness of the issues and key drivers of stock control operations.

Meet your expert course trainer: Alexander Borg

Mr. Alexander Borg is a chartered trainer and consultant in Logistics, Transport and Supply Chain Management. Mr. Borg graduated in Purchasing and Supply Chain Management from the Chartered Institute of Purchasing and Supply (C.I.P.S.) in Stamford and in Stores and Inventory Management from the College of Professional Management in Jersey U.K.. He also holds an international Qualification in Logistics & Transport Management awarded by CILT International.

Mr. Borg has been involved in training activities since 1994, where he was entrusted by the Employment and Training Corporation (www.etc.gov.mt) to design and deliver innovative professional development programmes in various areas related to logistics and supply-chain management. In 1997, after becoming a Member of the Institute of Management (www.maltamanagement.com), Mr. Borg was entrusted once again by the said Institute to deliver different management programmes. Today Mr. Borg form part of various training organisations in Malta such as; ETC /MCAST/MIM/ Malta Enterprise/ Chamber of Engineers/ Freeport Training Institute / Foundation for Educational Services/ GS1 Malta and other local and foreign institutions.

Mr. Borg is also managing partner and advisor at SSM Group Ltd. (www.ssmgroup.org), a training and consultancy firm based in Malta with joint offices in UK and UAE

Mr. Borg is a qualified Procurement and Supply –Chain Professional with extensive hands on buying and Logistics management experience within complex, rapidly changing, cost conscious and customer service environments. Areas of expertise include:

• Procurement and supply chain
• Inventory and warehouse strategies
• Expenditure managing
• Negotiations and contract formation
• Category management;
• Supplier appraisal schemes

With over 20 years working experience, today Mr. Borg is involved in various consultancy projects and assignments after being entrusted by various public and private organisations in different European Countries, North African Countries, Middle East / Gulf Region and South East Asia.

Mr. Borg is a member of the following institutions:

• Chartered Institute of Purchasing and Supply (U.K).
• Chartered Institute of Logistics & Transport
• Malta Institute of Management
• GS1 International
• Foundation for Human Resources Development (FHRD)

The Chartered Institute of Logistics and Transport

The Chartered Institute of Logistics and Transport is a worldwide organisation with an established International pedigree. With over 33,000 members working in over 100 countries, the CILT spans the globe. It is an organisation that offers significant benefits to all its members, as well as a complete suite of educational courses internationally.

Established in 1919 and receiving its Royal Charter in 1926, the Institute has an exciting history behind it, but is always adapting to stay consistent with current logistics and transport issues.

CILT support a number of public and private organisations in the Middle-East within the logistics, transport and supply chain management training and support services.