Training on Inventory Management and Optimization
Master inventory management and optimization. Learn to balance inventory levels, minimize stockouts and overstocks, and improve inventory turnover.
Next intake
20 Jul 2026 · Nakuru
Duration
5 days
Live instruction
Delivery
Physical + Virtual
Cohort based
Level
Intermediate
Working professionals
Certification
NITA reimbursable
For Kenyan cohorts
Language
English
All materials
About this programme
Inventory Management and Optimization offers participants in-depth training on efficient and cost-effective inventory control practices. It focuses on modern techniques that ensure the alignment of inventory systems with organizational goals, covering a range of strategies to balance supply and demand while minimizing costs.
Participants will explore key topics such as demand forecasting, safety stock management, just-in-time (JIT) inventory, and ABC analysis. The course blends theoretical concepts with practical applications through case studies and hands-on exercises, allowing participants to directly apply what they’ve learned to real-world inventory challenges.
Duration
5 Days
Who Should Attend
- Inventory managers, supervisors, and officers
- Supply chain professionals and logisticians
- Warehouse and operations managers
- Procurement and purchasing personnel
- Production planners and material controllers
- Business owners and anyone involved in inventory decision-making
What you'll walk away with
By the end of this course, participants will be able to:
- Understand key principles and techniques of effective inventory management.
- Develop strategies to reduce excess inventory and optimize stock levels.
- Implement demand forecasting and inventory replenishment methods.
- Apply cost control and risk management strategies in inventory.
- Utilize technology and software for efficient inventory tracking and management.
- Enhance decision-making skills related to inventory optimization and supply chain efficiency.
What we cover, module by module
Module 1: Introduction to Inventory Management
- Overview of inventory management
- Types of inventory and their role in the supply chain
- Objectives and challenges in inventory control
- Key inventory management metrics (turnover ratio, carrying cost, etc.)
Module 2: Inventory Classification and Demand Forecasting
- ABC and XYZ analysis for inventory categorization
- Demand forecasting techniques
- Qualitative and quantitative methods
- Trend analysis and seasonal adjustment
- Safety stock calculation and reorder points
- Inventory replenishment strategies (Just-in-Time, Economic Order Quantity)
Module 3: Inventory Costing and Valuation
- Inventory costing methods (FIFO, LIFO, weighted average)
- Holding costs, ordering costs, and stockout costs
- Reducing inventory costs and maintaining service levels
- Valuation of inventory and its impact on financial performance
Module 4: Inventory Optimization Techniques
- Inventory turnover optimization and performance monitoring
- Lean inventory management and waste reduction
- Multi-echelon inventory optimization
- Using technology for inventory management (WMS, ERP systems)
Module 5: Risk Management and Case Studies in Inventory Optimization
- Managing risks in inventory (obsolescence, surplus, stockouts)
- Role of supply chain collaboration and vendor-managed inventory (VMI)
- Case studies on successful inventory optimization strategies
Where the change lands
Organizational Impact
-
Reduces costs and enhances profitability.
-
Leads to better resource allocation.
-
Enhances competitiveness and improves customer satisfaction.
Personal Impact
-
Provides a valuable and in-demand skill set for a career in logistics and supply chain management.
-
Is crucial for career progression into senior leadership and strategic roles.
-
Builds the confidence to lead and champion successful supply chain initiatives.
Dates and locations
Upcoming intakes
Every intake is limited to a small cohort. Booking closes when a date fills or three weeks before the start, whichever comes first.
| City | Starts | Ends | Delivery | Book |
|---|---|---|---|---|
NakuruNext | 20 Jul 2026 | 24 Jul 2026 | In-Person | Book |
Kigali | 20 Jul 2026 | 24 Jul 2026 | In-Person | Book |
Accra | 20 Jul 2026 | 24 Jul 2026 | In-Person | Book |
Kisumu | 27 Jul 2026 | 31 Jul 2026 | In-Person | Book |
Johannesburg | 27 Jul 2026 | 31 Jul 2026 | In-Person | Book |
Dakar | 27 Jul 2026 | 31 Jul 2026 | In-Person | Book |
- NakuruNext
20 Jul → 24 Jul·In-Person
Book this intake - Kigali
20 Jul → 24 Jul·In-Person
Book this intake - Accra
20 Jul → 24 Jul·In-Person
Book this intake - Kisumu
27 Jul → 31 Jul·In-Person
Book this intake - Johannesburg
27 Jul → 31 Jul·In-Person
Book this intake - Dakar
27 Jul → 31 Jul·In-Person
Book this intake
Common questions.
Still not sure? Send us a note and a facilitator will get back to you within a business day.
You may also like.
Programmes in the same discipline that participants often pair with this course.
Hybrid5 daysGain practical AI insights for procurement and supply chain with a focus on agentic AI and governance.
Hybrid5 daysMaster advanced contract management techniques to optimize contract performance and mitigate risks. Learn to negotiate complex contracts, manage contract changes, and resolve disputes effectively
Hybrid5 daysTrain in global procurement and sourcing to drive efficiency, manage international suppliers, and improve organizational performance.
Course finder
Find the right course for you
Prefer to talk it through? Send us an enquiry and a facilitator will scope a fit within a business day.
For corporate teams
Training 10+ professionals?
We deliver Training on Inventory Management and Optimization in-house at your offices, at a venue we arrange, or fully virtual. Customise the curriculum against your KPIs, and get a bespoke price for the cohort size you need.