Store & Inventory Management

This course captures the importance of inventory management based on policies established in the company. It covers how to analyze safety stock, what is risk pooling of inventory, and understand what are inventory management best practices

Learning Outcomes

At the end of the programme, participants will able to:

  • Explain the importance of store and inventory
  • Describe why it is important to plan and control inventory levels
  • Design and confidently use tools for monitoring inventory performance
  • Apply the latest team development techniques to improve performance
  • Understand thoroughly the fundamentals of inventory management
  • Best practices in managing stores & inventories, store accounts and records

Programme Outline

Inventory Review Policies

  • Describe the characteristics of a Continuous Review System
  • Describe the characteristics of a Periodic Review System
  • Perform calculations for a Continuous Review System –> (s, Q) system
  • Perform calculations for a Periodic Review System à (R, S) system

Safety Stock Analysis 

  • Describe the objectives of carrying safety stock
  • Calculate the safety factor for a specified customer service level
  • Calculate the appropriate level of safety stock and reorder point for a specified customer service level

Risk Pooling 

  • Centralization vs Decentralization of warehousing system
  • Understand the pros and cons
  • Compare Safety Stock, Reorder Point for Centralized vs Decentralized warehousing system

Inventory Management Best Practices

  • Understand the concepts of Kanban, JIT, VMI
  • Effective inventory & stores management as a strategic function of the organization
  • Strategies & skills for reducing inventory investments; 
  • Best practices in managing stores & inventories, store accounts and records

Delivery Method

Well-balanced theoretical and practical methodology, which includes interactive discussions, case studies, interactive activities/exercises and assignments to understand the concepts and their applicability.

Course Includes

  •  5-Day Training
  • Course Notes
  • Stationary
  • Nationally Recognized and Internationally Accredited Certification
  •  Tea/Coffee Breaks
  • Training materials (Soft file)

Evaluation Criteria

Participants must have attended the sessions at least 80% in order to receive a CERTIFICATE from Bangkok School of Management.

Training Date
Month Day(s) Year

January 9-13
January 23-27 2023
February 6-10 2023
20-24 2023
March 13-17 2023
March 27-31 2023
April 17-21 2023
April 24-28 2023
May 8-12 2023
May 22-26 2023
June 3-7 2023
June 23-30 2023
July 3-7 2023
July 17-21 2023
August 7-11 2023
August 21-25 2023
September 4-8 2023
September 25-29 2023
October 2-6 2023
October 16-20 2023
November 6-10 2023
November 27- 01 December 2023
December 4-8 2023
December 11-15 2023

Location: Bangkok, Thailand

**Reserve your seats now! No CREDIT CARD required.**