NEVADA | PROFESSIONAL EXPERIENCE

Program Professional Framework

CILT Endorsed Inventory and Supply Chain Management

Program Overview

Inventory ties up working capital while protecting service levels, and getting the balance right is a core supply chain skill. This course focuses on inventory management within the wider supply chain: inventory types and costs, demand forecasting, ABC and XYZ classification, reorder point, economic order quantity and safety stock calculation, replenishment models, spare parts and slow-moving stock, cycle counting and inventory accuracy, warehouse controls, and inventory performance metrics. Exercises use realistic data from distribution, retail and oil and gas maintenance environments in the Gulf.

Learning Outcomes

✓Classify inventory using ABC and XYZ analysis and set differentiated control policies.
✓Calculate reorder points, economic order quantities and safety stock for target service levels.
✓Select replenishment models suited to different demand patterns and lead times.
✓Develop a policy for spare parts, slow-moving and obsolete stock.
✓Design a cycle counting programme that improves inventory record accuracy.
✓Monitor inventory performance using turns, days of supply, fill rate and carrying cost.

Target Audience

Inventory controllers and planners
Warehouse and stores managers
Supply chain and materials managers
Finance staff responsible for inventory valuation and control

Detailed Program Modules

01Inventory in the Supply Chain

Functions and types of inventory
Inventory costs and working capital
Service level and inventory trade-offs

02Demand and Classification

Demand patterns and forecasting basics
ABC and XYZ classification
Setting policies by item class

03Inventory Calculations

Economic order quantity
Reorder point and lead time
Safety stock and service level

04Replenishment and Special Stock

Continuous and periodic review models
Vendor managed inventory
Spare parts, slow-moving and obsolete stock

05Inventory Accuracy and Control

Cycle counting programmes
Stock adjustments and loss prevention
Warehouse and system controls

06Inventory Performance

Turns, days of supply and fill rate
Inventory reduction initiatives
Inventory reporting to management

Training Methodology

Interactive expert-led sessions grounded in workplace examples

Case studies and practical exercises drawn from the region

Group workshops with peer review of decisions and deliverables

Formative feedback against clear performance criteria

Applied Project & Assessment

Applied Project

Using a sample item master and demand history, participants classify items, calculate reorder parameters and safety stock, propose a slow-moving stock action plan and design a cycle count schedule.

Assessment

Short diagnostic at the start, practical tasks linked to each learning outcome, and evaluation of the applied project against published criteria.

University Certificate & International Accreditation

Professional Certificate accredited by Alzette University in CILT Endorsed Inventory and Supply Chain Management

International accreditation: Global Leadership Organization (GLO)