Masterclass Inventory Management (PSCM-014) Training Course

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 or online

16Upcoming dates

7Cities

£2,250Fees from

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

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

2Day 2: Demand Planning

Basic forecasting methods
Customer segmentation
Hierarchy of planning
Aggregate planning
Maintenance and inventory planning meeting
Master scheduling

3Day 3: Forecasting

Principles of forecasting
Effect of lead time on the forecasting process
Quantitative forecasting
Qualitative forecasting
Tracking forecast accuracy
Determining safety stock

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

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

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.

Can I take Masterclass Inventory Management online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,050 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,250 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.

Masterclass Inventory Management

Course overview

Course outline

Dates and fees

Frequently asked questions

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