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Professional training course · PSCM-014

Masterclass Inventory Management

Effective inventory management is critical for balancing customer service, operational efficiency, and cost control. Poor inventory practices can lead to shortages…

  • 5 daysClassroom
  • 16Upcoming dates
  • 7Cities
  • £2,250Fees from
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Masterclass Inventory Management
Next classroom session Munich 16 - 20 Nov 2026 · £4,250 + VAT Next in London London 21 - 25 Dec 2026 · £4,250 + VAT

Course overview

Why Attend
Effective inventory management is critical for balancing customer service, operational efficiency, and cost control. Poor inventory practices can lead to shortages, excess stock, obsolete items, and unnecessary working capital costs. This course provides participants with advanced tools and practical techniques to optimize inventory levels, improve forecasting accuracy, strengthen stock control systems, and measure inventory performance across the value chain.

Course Methodology
This course uses an interactive and practical approach through presentations, case studies, forecasting exercises, inventory analysis workshops, group discussions, practical calculations, and real workplace examples.

Course Objectives

  • Understand the strategic role of inventory in the value chain
  • Apply inventory classification and optimization techniques
  • Improve demand planning and forecasting accuracy
  • Strengthen inventory recording and control systems
  • Use modern technologies for stock visibility
  • Reduce obsolete and excess inventory
  • Measure inventory performance effectively
  • Build practical improvement plans for inventory operations

Target Audience

  • Inventory Managers
  • Warehouse Managers
  • Supply Chain Professionals
  • Logistics Supervisors
  • Procurement Staff
  • Operations Managers
  • Anyone involved in stock control and inventory planning

Target Competencies

  • Inventory Management
  • Demand Planning
  • Forecasting
  • Stock Control
  • Data Analysis
  • Performance Measurement
  • Process Improvement
  • Supply Chain Coordination

Course outline

  1. 1Day 1: Inventory in the Value Chain
    • Purpose of inventory in the value chain
    • Classification of inventory
    • Procedure for eliminating obsolete inventory
    • Pareto Law in identifying product classification
    • Location of inventory
    • Using Economic Order Quantity to manage inventory order levels
  2. 2Day 2: Demand Planning
    • Basic forecasting methods
    • Customer segmentation
    • Hierarchy of planning
    • Aggregate planning
    • Maintenance and inventory planning meeting
    • Master scheduling
  3. 3Day 3: Forecasting
    • Principles of forecasting
    • Effect of lead time on the forecasting process
    • Quantitative forecasting
    • Qualitative forecasting
    • Tracking forecast accuracy
    • Determining safety stock
  4. 4Day 4: Inventory Recording
    • Period stock take
    • Cycle counting
    • Perpetual recording
    • Utilizing barcodes to manage inventory and movements
    • Use of Radio Frequency Identification (RFID) for recording inventory movement
    • Inventory accounting
  5. 5Day 5: Performance Measurement
    • Stock turnover rate
    • Customer service measures
    • Cost of operations
    • Measuring the effectiveness of your system
    • How to use the measurements
    • Class exercise on selective inventory management

Dates and fees

16NOV 16 - 20 Nov 20265 days MunichGermany £4,250+ VAT Register
7DEC 7 - 11 Dec 20265 days Kuala LumpurMalaysia £2,250+ VAT Register
14DEC 14 - 18 Dec 20265 days AmsterdamNetherlands £4,200+ VAT Register
21DEC 21 - 25 Dec 20265 days LondonUnited Kingdom £4,250+ VAT Register
4JAN 4 - 8 Jan 20275 days LondonUnited Kingdom £4,200+ VAT Register
1FEB 1 - 5 Feb 20275 days Kuala LumpurMalaysia £2,250+ VAT Register
1MAR 1 - 5 Mar 20275 days AmsterdamNetherlands £4,250+ VAT Register
5APR 5 - 9 Apr 20275 days LondonUnited Kingdom £4,200+ VAT Register
3MAY 3 - 7 May 20275 days BarcelonaSpain £3,850+ VAT Register
7JUN 7 - 11 Jun 20275 days LondonUnited Kingdom £4,200+ VAT Register
5JUL 5 - 9 Jul 20275 days BarcelonaSpain £3,850+ VAT Register
2AUG 2 - 6 Aug 20275 days IstanbulTurkey £2,850+ VAT Register
6SEP 6 - 10 Sep 20275 days AmsterdamNetherlands £4,250+ VAT Register
4OCT 4 - 8 Oct 20275 days IstanbulTurkey £2,850+ VAT Register
1NOV 1 - 5 Nov 20275 days ParisFrance £4,500+ VAT Register
6DEC 6 - 10 Dec 20275 days BarcelonaSpain £3,850+ VAT Register

Questions

Frequently asked questions

How long is the Masterclass Inventory Management course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Masterclass Inventory Management course?

The next public date is 16 - 20 Nov 2026 in Munich. There are 16 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Munich, Kuala Lumpur, Amsterdam, London, Barcelona, Istanbul, Paris.

How much does the course cost?

Fees start from £2,250 + VAT per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

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