Demand Planning & Inventory Management

Maintaining the right level of inventory is a constant challenge. Too much stock ties up cash and increases storage and obsolescence costs, while too little stock can result in shortages, lost sales, production delays, and dissatisfied customers. Effective demand planning helps organizations balance availability, cost, and changing business needs. This practical programme equips participants with the skills to improve demand planning and inventory decisions. Participants will learn how to interpret demand patterns, prepare forecasts, set appropriate inventory levels, manage safety stock and replenishment, reduce excess and obsolete stock, and use practical performance measures to improve inventory availability and cost.