Course in Inventory Management Techniques – Planning, Replenishment, and Activity Monitoring

Inventory management is one of the most critical pillars for ensuring the operational efficiency and financial stability of any industrial or commercial organization. It plays a decisive role in maintaining the balance between supply and demand, reducing operational costs, and improving the level of service delivered to customers. With the rapid developments in supply chain management and the increasing reliance on modern technologies, organizations are now required to adopt advanced methods in inventory planning, replenishment, and activity monitoring to ensure optimal use of resources and greater efficiency. Geneva Institute of Business Administration presents this specialized training program  Inventory Management Techniques – Planning, Replenishment, and Activity Monitoring , which focuses on practical concepts and modern tools for inventory management, with a strong emphasis on demand planning, replenishment mechanisms, and monitoring systems that enhance institutional performance and ensure long-term sustainability.

Target Audience

• Procurement and warehouse officers who are directly involved in managing stock levels and who need to strengthen their skills in planning and controlling material movements.

• Supply chain and logistics managers aiming to improve integration between inventory management and distribution operations in order to achieve better flow and reduced costs.

• Finance and commercial department staff who are responsible for monitoring inventory-related policies and understanding their impact on budgets and profitability.

• Industrial engineers and production planners who oversee material flows and production cycles and who wish to enhance efficiency through better stock management.

• Decision-makers and senior administrators who supervise the development of long-term policies and strategies related to resources, inventory optimization, and operational performance.

Objectives

• Provide participants with a comprehensive understanding of the principles of inventory management and its direct impact on business continuity and organizational performance.

• Enable participants to apply modern planning techniques to accurately meet institutional needs while avoiding shortages or excessive stock.

• Introduce participants to effective replenishment mechanisms that minimize the risks of understocking or overstocking and ensure smooth operational flows.

• Strengthen the participants’ ability to monitor inventory activities, analyze data, and apply strict control methods that reduce waste and financial loss.

• Support institutions in developing integrated strategies that reduce costs, optimize resources, and enhance both operational and financial efficiency.

Course Outline

• Concept and Importance of Inventory Management

  • Definition and main categories of inventory in organizations.

  • The role of inventory in supporting operations and production.

  • The connection between inventory management and financial efficiency.

  • Common challenges caused by poor inventory practices.

• Fundamentals of Inventory Planning

  • Main goals of inventory planning in modern organizations.

  • Methods for determining optimal stock levels.

  • Factors influencing inventory planning decisions.

  • The role of technology in enhancing planning accuracy.

• Methods of Demand Estimation

  • Quantitative and qualitative approaches to estimating requirements.

  • The role of demand forecasting in inventory management.

  • Using historical data for accurate demand prediction.

  • The impact of market fluctuations on inventory needs.

• Replenishment and Reorder Mechanisms

  • The concept of reorder points and their practical applications.

  • Policies for automatic replenishment of stock.

  • Differences between periodic and continuous replenishment.

  • The influence of information systems on replenishment efficiency.

• Controlling Inventory Levels

  • Key indicators for measuring inventory control effectiveness.

  • Strategies to reduce excess stock and associated costs.

  • Managing inventory under uncertain or fluctuating demand.

  • Balancing risks and costs through effective management.

• Modern Technologies in Inventory Management

  • The role of Enterprise Resource Planning (ERP) systems.

  • Barcoding and tracking systems for stock accuracy.

  • Internet of Things (IoT) applications in inventory monitoring.

  • Predictive analytics and data-driven decision-making.

• Monitoring and Auditing Inventory Activities

  • Methods of monitoring receiving, issuing, and stock movements.

  • The importance of periodic and accurate stock audits.

  • Detecting errors and irregularities in records.

  • Linking audits to accountability and governance.

• Data Analysis and Key Performance Indicators

  • Main KPIs used in inventory management.

  • Techniques for analyzing stock turnover and flow.

  • Aligning inventory performance with strategic objectives.

  • Using data analysis to guide corrective actions.

• Inventory Management within Supply Chains

  • Integrating inventory management with transport and distribution.

  • The impact of inventory decisions on supply chain efficiency.

  • Collaboration with suppliers to ensure better stock control.

  • Global challenges in modern inventory management.

• Strategies for Improving Inventory Efficiency

  • Policies for reducing inventory-related costs.

  • Streamlining internal processes for better stock flow.

  • Implementing lean inventory approaches.

  • Emerging trends in inventory strategy development.