London Leadership Management Innovation llmi.uk
info@llmi.uk
Procurement and Supply Chain Management · PSCM-033

Inventory Optimisation with Analytics

5 daysClassroom
14Upcoming dates
8Cities
£2,840Fees from

Course overview

Why Attend

Inventory ties up capital while shortages harm service. Analytics allow organisations to set optimal inventory levels using demand data, variability and service targets.

This LLMI course covers inventory concepts, demand analysis and forecasting, ABC/XYZ segmentation, safety stock calculation, reorder policies, multi-echelon concepts, inventory KPIs and using spreadsheets and tools to optimise inventory. Participants optimise a sample inventory.

Course Objectives

Understand inventory costs and trade-offs

Analyse demand patterns and variability

Segment inventory using ABC/XYZ

Calculate safety stock and reorder points

Set replenishment policies

Measure and improve inventory performance

Target Audience

Inventory and materials managers

Supply chain planners

Demand planners

Warehouse managers

Supply chain analysts

Finance managers

Course Methodology

Spreadsheet labs

Case studies

Calculation exercises

Group discussions

Reviews

Course outline

Day 1: Inventory Fundamentals
  • Purpose of inventory
  • Costs
  • Service levels
  • Trade-offs
  • Exercise: Inventory profile
Day 2: Demand Analysis
  • Demand patterns
  • Forecasting
  • Variability
  • Intermittent demand
  • Lab: Demand analysis
Day 3: Segmentation and Safety Stock
  • ABC/XYZ
  • Safety stock formulas
  • Service level targets
  • Lead time variability
  • Lab: Safety stock calculation
Day 4: Replenishment Policies
  • Reorder point
  • Periodic review
  • EOQ
  • Multi-echelon concepts
  • Case study: Inventory reduction
Day 5: Performance
  • Inventory KPIs
  • Dashboards
  • Obsolescence
  • Continuous improvement
  • Capstone: Inventory optimisation plan

Dates and fees

DatesCityFee
16 - 20 Nov 2026Paris, France£4,500
7 - 11 Dec 2026Frankfurt, Germany£3,250
11 - 15 Jan 2027Amsterdam, Netherlands£4,250
8 - 12 Feb 2027Geneva, Switzerland£5,250
8 - 12 Mar 2027Istanbul, Turkey£2,850
12 - 16 Apr 2027Cape Town, South Africa£2,840
10 - 14 May 2027Barcelona, Spain£3,850
14 - 18 Jun 2027Paris, France£4,500
12 - 16 Jul 2027Frankfurt, Germany£3,250
9 - 13 Aug 2027Amsterdam, Netherlands£4,250
13 - 17 Sep 2027Geneva, Switzerland£5,250
11 - 15 Oct 2027Istanbul, Turkey£2,850
8 - 12 Nov 2027Vienna, Austria£4,250
13 - 17 Dec 2027Barcelona, Spain£3,850
London Leadership Management InnovationRegister at llmi.uk/course/inventory-optimisation-with-analytics