Introduction
Effective inventory management and accurate inventory accounting are critical for optimizing operations and financial performance in businesses that handle physical goods. Mismanaged inventory can lead to overstocking, stockouts, and increased holding costs, which directly impact a company’s bottom line. This course designed to equip participants with essential skills and knowledge to manage inventory efficiently and account for it accurately. Participants will gain detailed insights on how to support inventory processes, ensure financial accuracy, and implement efficient management practices to enhance overall business performance.
Course Outline
- Module 1
- Module 2
- Module 3
- Module 4
- Module 5
- Course Objectives
- Target Audience
Inventory Control
- Introduction to inventory control.
- Control systems and their effectiveness.
- Effective inventory level maintenance.
- Inventory optimization.
- Inventory accuracy.
- Safety stock and reorder points.
Inventory Classification
- Basics of inventory classification.
- The ABC analysis and its implementation.
- Techniques for segmenting inventory.
- The impact of classification on management.
- The role of classification in cost reduction.
Warehouse Management
- Introduction to warehouse management.
- Importance of efficient warehouse layout.
- Warehouse design and layout optimization.
- Factors influencing warehouse layout decisions.
- Techniques for maximizing warehouse space.
- Material handling in warehouse management.
Inventory Forecasting
- Inventory forecasting.
- Methods for effective forecasting.
- Techniques for improving forecast accuracy.
- The impact of forecasting on management.
- Demand prediction models.
- Forecasting and demand planning challenges.
Inventory Valuation and Accounting
- Basics of inventory valuation.
- Common inventory valuation methods.
- Techniques for ensuring valuation accuracy.
- Role of inventory accounting in financial management.
- Implications of inventory valuation on financial reporting.
- Inventory and its effects on tax calculations.
By the end of this course, participants will be able to:
- Master techniques for effective inventory management, control, and reduce costs.
- Understand the techniques of inventory classification to improve inventory management.
- Learn the of warehouse management to maximize space utilization and operational efficiency.
- Improve your skills in forecasting inventories and in planning demand.
- Understand inventory valuation methods and their implications for financial reporting.
This course is ideal for:
- Inventory accountants.
- Financial controllers & finance managers.
- Inventory managers & officers.
- Supply chain & operations professionals.
- Business owners with inventory stocks.
- Auditors & compliance officers.
Course Schedule & Fees
- Kuala Lumpur
- Singapore
- Amsterdam
- Online
- Course Fees
This course will take place in Kuala Lumpur on the following dates:
| 12/05/2025 | 26/05/2025 | 09/06/2025 | 23/06/2025 |
| 07/07/2025 | 21/07/2025 | 04/08/2025 | 18/08/2025 |
| 01/09/2025 | 22/09/2025 | 06/10/2025 | 20/10/2025 |
| 10/11/2025 | 24/11/2025 | 15/12/2025 | 05/01/2026 |
| 26/01/2026 | 16/02/2026 |
This course will take place in Singapore on the following dates:
| 05/05/2025 | 26/05/2025 | 16/06/2025 | 30/06/2025 |
| 21/07/2025 | 11/08/2025 | 01/09/2025 | 22/09/2025 |
| 13/10/2025 | 03/11/2025 | 24/11/2025 | 15/12/2025 |
| 05/01/2026 | 26/01/2026 |
This course will take place in Amsterdam on the following dates:
| 19/05/2025 | 09/06/2025 | 30/06/2025 | 21/07/2025 |
| 11/08/2025 | 01/09/2025 | 22/09/2025 | 13/10/2025 |
| 03/11/2025 | 24/11/2025 | 15/12/2025 | 05/01/2026 |
| 26/01/2026 | 16/02/2026 |
This course will take place Online the following dates:
| 06/05/2025 | 03/06/2025 | 01/07/2025 | 29/07/2025 |
| 26/08/2025 | 23/09/2025 | 21/10/2025 | 18/11/2025 |
| 16/12/2025 | 13/01/2026 | 10/02/2026 |
| Kuala Lumpur | Singapore | Amsterdam | Online |
| USD$ 3,580 | USD$ 5,600 | USD$ 5,600 | USD$ 1,920 |
