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Description

Inventory Management: Classifying Items, Calculating Parameters and Improving Stock Accuracy

Set your inventory parameters to sustain service levels without tying up unnecessary cash

  • 2 days — 14 h
  • In-person or virtual
  • Foundation
  • Up to 6 participants

Stock is both too high and not high enough. Some items have been sitting untouched for months while others run out. Stock counts reveal discrepancies that nobody can explain. Inventory becomes a variable you endure rather than a parameter you manage.

These two days provide methods you can apply immediately. You classify your items and adapt the management mode to each class. You calculate safety stock and a reorder point consistent with real demand. You choose between periodic review and economic order quantity. Finally, you improve the accuracy of your stock counts and track performance through simple indicators.

Learning objectives

  • Classify items using the ABC method against several criteria
  • Calculate safety stock based on demand variability
  • Determine a reorder point and a replenishment quantity
  • Select the replenishment policy suited to each class
  • Organise cycle counting and improve stock quantity accuracy
  • Track inventory performance through usable indicators

What makes this programme different

ABC classification carried out on data brought by participants
Safety stock and reorder point calculations performed on spreadsheet
Cycle counting plan built during the session

Programme

1Understanding the Role of Inventory

A trade-off between service and cash

  • Functions of inventory and associated costs
  • Holding cost and ordering cost
  • Service level and the consequences of a stockout
  • Diagnosis of the current situation

2Segmenting Items

Not managing every item the same way

  • ABC method based on consumption value
  • Cross-analysis with demand regularity
  • Slow-moving items and obsolescence
  • Selecting the management mode for each class

3Calculating the Parameters

Justified values rather than habits

  • Demand forecasting and variability
  • Lead time and supplier reliability
  • Safety stock and reorder point
  • Economic order quantity and periodic review

4Improving Accuracy and Tracking Performance

Accurate quantities and monitored indicators

  • Physical warehouse layout and location addressing
  • Cycle counting and handling discrepancies
  • Managing dormant stock and scrap
  • Turnover, coverage and service indicators

Who is it for

Inventory controllers and supply planners, as well as warehouse supervisors, buyers and logistics managers in industrial or distribution sites.

Prerequisites

No prerequisites

Dates & locations

36 scheduled dates between November 2026 and December 2027. Seats are confirmed in the order enquiries are received.

November 2026

December 2026

January 2027

February 2027

March 2027

April 2027

May 2027

June 2027

September 2027

October 2027

November 2027

December 2027

None of these dates suit you? We open additional sessions on request, and any programme can be run privately for your team.

Practical details

Before the programme
Online positioning questionnaire. Your development objectives are shared with the trainer, who tailors the practical case studies to your context.
Teaching methods
Theoretical input, workshops and practical case studies. Digital course materials and method sheets provided.
Assessment
Multiple-choice tests and role-play exercises. Assessment of learning at the start and end of the programme, with immediate and 60-day follow-up evaluations.
After the programme
One year of access to the e-learning platform. Self-assessment of the skills acquired and a 30-day follow-up session with your trainer.
How to register
Registration online or on the basis of a quotation.
Lead time
11 working days after confirmation of registration.
Accessibility
Accessible to people of determination. Contact our accessibility coordinator to design a suitable solution: contact@mpf-academy.ae
Start dates
Rolling intake: in addition to the scheduled sessions, this programme can start on request.