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Programme Day 1 09:00-09:30 Coffee and Registration 09:30-10:00 Welcome and Introductions and Course Overview 10:00-11:00 Inventory Fundamentals Why do organisations hold inventory? The drivers of excess unwanted inventory The cost of carrying inventory 11:00-11:30 Tea/Coffee break 11:30-13:00 Classic Stock Control The Re-Order Point (ROP)/Economic Order Quantity (EOQ)approach Practical examples showing the impact of the ROP/EOQ approach on stock levels Continuous versus periodic review policies 13:00-14:00 Lunch 14:00-16:00 Syndicate Exercise The Inventory Game: Simulation of a warehouse inventory control problem Opportunity to put the basics into practice Lessons learned 16:00-16:20 Tea/Coffee break 16:20-17:00 Forecasting Principles and Techniques 1 Approaches to forecasting Time Series Analysis and demand profiles Basic Statistical Forecasting Techniques Day 2 09:00-11:00 Statistical Forecasting Workshop 1 Essential Forecast error metrics Hands-on forecasting using either data provided or your own data to experiment with different forecasting techniques. 11:00-11:20 Tea/Coffee break 11:20-12:30 Safety Stocks What is off-the-shelf demand satisfaction? How much safety stock do I need? Inventory segmentation: ABC analysis and Multi-criteria ABC analysis 12:30-13:30 Lunch 13:30-15:30 The Bricks Game Supply Chain Simulation Manual simulation of a simple supply network Lessons on inventory and customer service The Bullwhip Effect in practice Illustrates need for visibility, flexibility and communication Can Information replace inventory? 15:30-15:50 Tea/Coffee break 15:50-17:00 Inventory in the Supply Chain Causes of the Bullwhip Effect Can Vendor managed Inventory reduce Bullwhip? Case study Day 3 By now you are thinking like Inventory Planners! 09:00-10:30 Advanced Forecasting Techniques Seasonally Adjusted Exponential Smoothing Tracking Signals and Adaptive Forecasting Dealing with promotional products Dealing with slow movers 10:30-10:50 Well-earned Tea/Coffee break 10:50-12:30 Statistical Forecasting Workshop 2 Some more Hands-on opportunity to experiment with more advanced forecasting techniques. Again, using your own data or data we provide. 12:00-12:30 Final Day Course Lunch 13:30-14:30 The process of Sales Forecasting The Sales & Order Process The importance of baseline forecasts More useful Forecast error metrics Good practice in Forecast Management 14:30-14:50 Tea/Coffee break 14:50-16:00 Advanced Inventory concepts The Newsboy Model: an opportunity to buy or make Planning for new products with no sales history Case study examples 16:00-16:30 Course Review and Student feedback 16:30-17:00 Certificate presentations and Depart NOTE: Students may bring some real data from their own organisations which may be analysed (where possible) during the course to determine the most appropriate forecasting for them.

Programme Day 1 09:00-09:30 Coffee and Registration 09:30-10:00 Welcome and Introductions and Course Overview 10:00-11:00 Inventory Fundamentals Why do organisations hold inventory? The drivers of excess unwanted inventory The cost of carrying inventory 11:00-11:30 Tea/Coffee break 11:30-13:00 Classic Stock Control The Re-Order Point (ROP)/Economic Order Quantity (EOQ)approach Practical examples...

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