Inventory Optimisation Training

ieRetail Inventory Optimisation Training

Our inventory optimisation training includes:

  • Understand inventory management metrics, the overall objective of inventory management and why it is important

  • Understand the costs of inventory management

  • How inventory management influences profitability

  • How to calculate and use stock turn and days forward cover

  • Understand the impact of inventory management on cashflow

  • Understand and calculate Gross Margin Return on Inventory and use it to make inventory decisions

  • Understand buying models for seasonal and unpredictable demand

  • Utilise Sell through rates and sell through curves to manage seasonal inventory

  • Balancing economic order quantities (EOQ) and minimum order quantities (MOQ)

  • The impact of out-of-stocks and how to minimize them

  • The impact of obsolete and SLOB stock and how to minimize them

  • Making strategic inventory decisions using gross margin and stock turn

  • Using SAP for inventory management (bespoke)

  • Supplier planning using DIFOT and other vendor performance metrics.

Training Formats: Self-directed online, 1-day and 2-day face-to-face workshops

Levels: From Department Managers/2IC’s (Fundamentals) through Buyers and Store Managers (Context-specific) to Prospective/Current Store Owner (Advanced)

Ready to get started?

Enquire about training for your team today.