The Forecasting Techniques & Inventory Management training course is designed to support decision making and provide you with tools and techniques to use in the workplace. In order to make efficient decisions with regard to inventory management it is essential to have an understanding of potential future demand. This course aims to provide learners with more confidence and an ability to evidence those decisions.
By attending Forecasting Techniques & Inventory Management workshop, delegates will learn to:
- Make demand forecasts more accurate and more useful
- Understand different forecasting methods, including the basic techniques as well as some of the more complex models
- Produce demand forcasts more efficiently
- Use knowledge of potential future demand to keep level of inventory right, improving stock availability, creating cost efficiencies and reducing obsolescence
- Establish overall inventory management policy and management framework
- Address any day-to-day problems that can occur