About Course

Name: Inventory and Stock Control Training-Kenya
Price: 1200 KES
Availability: InStock

Inventory and Stock Control Training-Kenya

Category: Procurement and Logistics Training

Overview

The Expedition

About the Program

This Inventory and Stock Control Training is designed to equip participants with practical skills and knowledge to effectively manage inventory and optimize stock levels. This hands-on program covers the full spectrum of inventory from raw materials to finished goods focusing on cost control, strategic planning, and efficient stock movement. Participants will explore key inventory strategies, learn to apply inventory control techniques, and understand the impact of accurate forecasting on organizational performance. Whether you are in procurement, warehousing, or operations, this training will enhance your ability to maintain inventory efficiency, reduce waste, and boost productivity across the supply chain.

The program is offered both online and in-person and includes a certificate of completion.

Objectives

By the end of this Inventory and Stock Control Training Course, the participants will be able to understand about:

By the end of this training, participants will be able to:
Identify different types of inventory and their role in the supply chain
Understand various inventory-related costs and how they impact business operations
Recognize the strategic importance of inventory management in improving service delivery and profitability
Apply various inventory management strategies such as just-in-time and material requirements planning
Plan inventory effectively by forecasting needs and controlling associated costs
Implement inventory control techniques to minimize stock fluctuations and optimize resource use
Determine appropriate inventory limits, reorder points, and reorder quantities using industry-standard practices
Analyze inventory using tools such as ABC analysis and set priorities accordingly
Address key factors influencing inventory control, including lead time, obsolescence, and profitability
Manage the full inventory lifecycle, including procurement, receiving, storage, and physical verification

Target Audience

Inventory control and planning managers and supervisors
Quality checkers and compliance official
Vendors and other external stakeholder
Legal officers and financial advisors

Training Period

Classroom: 5 Days
Online: 7 Days

Training Modules

1: Types of Inventory

2 : Types of Inventory Costs

Holding/carrying costs
Ordering costs
Stock-out costs

3: Importance of Inventory Management

Higher profits through reduced costs and increased sales
Improved customer service
Reduced inventory investment
Increased productivity
Inventory record accuracy

4: Types of Inventory Management Strategies

Just-in-time
Material requirements planning
Hybrid push–pull
Supply chain management

5: Objectives of Inventory Planning

Customer satisfaction
Forecasting needs
Controlling costs
Successful storage

6: Objectives of Inventory Control

Protection against fluctuation in demand
Better use of men, material and machines
Protection against fluctuations in output
Control of stock volume
Control of stock distribution

7: Inventory Control Techniques

8: Steps in Inventory Control

Deciding minimum and maximum inventory limits
Determining re-order point
Determining re-order quantity
ABC analysis

9: Factors Influencing Inventory Control

Requirements
Quantity in stock order
Procurement time/Lead time
Obsolescence
Profitability

10: Factors Influencing Inventory Control

Requirements
Quantity in stock order
Procurement time/Lead time
Obsolescence
Profitability
Planning
Procuring
Receiving and inspecting
Storing and issuing
Recording
Physical verification
Follow-up
Material standardisation and substitution

11: Steps in Inventory Control

Deciding minimum and maximum inventory limits
Determining re-order point
Determining re-order quantity
ABC analysis

12: Factors Influencing Inventory Control

Requirements
Quantity in stock order
Procurement time/Lead time
Obsolescence
Profitability

Delivery Method

This program is taught through a mix of practical activities, theory, group work and case studies. Training manuals and additional reference materials are provided to the participants.