Cities

Toronto

Inventory and Stock Control Management

ID  537

Procurement and Supply Chain Management Training Courses

Course: Inventory and Stock Control Management

Toronto

Hotel Name
Hotel Meeting Room

11 Jan 2027 : 15 Jan  2027

25 Hours

Training Language : English

6450 USD

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Training Details

Introduction

Effective Inventory and Stock Control Management is essential for operational success, as inventory represents a significant current asset. Holding inventory always carries risk—items may lose value, become obsolete, or be mismanaged, resulting in financial losses and reduced company equity.

This specialized Purchasing & Logistics training program focuses on modern techniques for optimizing inventory levels and reducing the often-overlooked costs associated with storing goods. By understanding the full cost of carrying inventory, organizations can make informed decisions that improve profitability and operational efficiency.

The purpose of this training course is to enable participants to:

  • Evaluate inventory visibility and segmentation methods.
  • Understand stocking level criteria and assignment practices.
  • Explore tools used for inventory optimization.
  • Examine integration between materials management and asset management systems.
  • Recognize how minimizing inventory reduces overhead and enhances profitability.
  • Apply world‑class tools and best practices for managing inventory across the supply chain.

Objectives

By the end of this course, participants will be able to:

  • Improve the management of inventory from receipt to storage and final delivery.
  • Understand how product movement adds value to the end-user.
  • Professionally manage inventory and supply chain operations to reduce cost, enhance customer satisfaction, and improve safety and productivity.
  • Think creatively and strategically about inventory challenges.
  • Identify and apply appropriate inventory management methods.
  • Develop accurate demand forecasts and improve service levels while reducing inventory through integrated and time‑efficient processes.

Training Methodology

  • Interactive exercises and case studies.
  • Group discussions and syndicate work.
  • Practical demonstrations of inventory tools.
  • Questionnaires and assessment activities.
  • Training videos and real-world applications.

Course Outline 

Day 1: Inventory and the Supply Chain

  • Definitions and importance of inventory.
  • Inventory flow within the supply chain.
  • Fundamental rules of successful supply chain management.
  • Supply chain and inventory dynamics.
  • Financial management considerations for inventory.
  • Use of statistics in inventory control.
  • Key insights on inventory visibility.

Day 2: Foundations of Effective Inventory Control

  • End-user demand analysis.
  • Forecasting for operations and maintenance.
  • Understanding supply lead times.
  • Cost–benefit analysis.
  • Developing inventory policies.
  • The organizational need for inventory.

Day 3: Inventory Mechanics, Methods, and Systems

  • Basic mechanics of inventory systems.
  • Establishing order quantities.
  • Impact of free stock.
  • Simple replenishment methods (e.g., Min/Max).
  • Reorder Point and Reorder Level (ROP/ROL).
  • Requirements planning, Bills of Material, and inventory planning.
  • Class assignment: Inventory control methods.

Day 4: Establishing Stock Control

  • Stock checking and verification methods.
  • Improving stock accuracy.
  • Tolerances and approval processes.
  • Stock reconciliations and discrepancy handling.
  • Identifying surplus and obsolete stock.
  • Understanding storage conditions.
  • Stock coding and classification.
  • Reducing stock variety.

Day 5: Inventory Strategies and Continuous Improvement

  • Developing inventory policies.
  • Incoterms and their role in the supply chain.
  • Vendor Managed Inventory (VMI) and Co‑Managed Inventory (CMI).
  • Inventory improvement techniques.
  • Leveraging the supply chain for better inventory performance.
  • Applying the Theory of Constraints.
  • Key methods for reducing stock levels.
  • Inventory planning models.

Who Should Attend?

  • Individuals new to inventory management.
  • Non-inventory professionals seeking foundational knowledge.
  • Inventory, stock, supply chain, logistics, warehouse, and distribution personnel.

Day 1 - Asset Cost Management Introduction

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 2 - Laying the Groundwork

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 3 - Applying the Value based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day 4 - Ensuring the Continuity of the Value-based Process

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must.This workshop is a combination of instructor lead topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

The European Quality of Training and Management Consulting relies on advanced methodology in developing skills and enhancing the effectiveness of human resources. The company adopts modern methods to achieve these goals. In order to achieve its objectives, European Quality follows the following steps in a precise and professional manner:

  • Lectures and Visual Presentations:
    • Theoretical lectures are presented through PowerPoint presentations, videos, and short films, providing a comprehensive and enjoyable learning experience.
  • Scientific Assessment:
    • Trainees are thoroughly assessed before and after the training program to ensure the desired objectives are achieved and to provide necessary guidance.
  • Brainstorming and Role-playing:
    • Innovation and problem-solving are encouraged through brainstorming sessions and role playing experiences.
  • Practical Cases:
    • Practical learning is emphasized through cases relevant to the subject matter and the nature of work for the trainees, contributing to the development of practical skills.
  • Final Evaluation and Certificates:
    • A comprehensive assessment is conducted at the end of the program. Trainees are awarded attendance and participation certificates recognized by the European Quality Training and Management Consultancy , provided they have completed at least 80% of the program days.
  • Training Materials:
    • Professional trainers and experts in various fields create scientific and practical training materials, which are printed and retained, and distributed on CD or flash drives to ensure easy access to the content.
  • Post-Training Follow-up:
    • European Quality Training and Management Consultancy provides continuous support after the training program. This support includes additional consultancy sessions or workshops to ensure the continuity of learning and the application of acquired skills in the working environment.
  • Customized Training Programs:
    • Training programs are designed to meet the needs of individual companies and institutions. Client needs are carefully analyzed to ensure that the training content aligns with their specific objectives and achieves the desired impact.
  • Utilizing Technology:
    • Training incorporates modern techniques such as online platforms and distance learning to provide flexible and effective learning experiences. Participants can access educational resources online and engage in discussions and online workshops.
  • Specialized Trainers:
    • Trainers and lecturers are carefully selected to ensure they have high expertise in their fields. Experience and professionalism are added to the training to ensure the delivery of high-quality content and effective learning experiences.
  • Encouraging Participation:
    • European Quality Training and Management Consultancy encourages active participation and interaction during training sessions. Interactive activities such as group discussions and collective exercises are organized to stimulate effective participation in the learning process.
  • Focus on Personal Transformation:
    • Participants are encouraged to think critically and develop problem-solving skills and decision making abilities. They are guided towards achieving personal and professional transformation, leading to improved performance in their work areas.
  • Continuous Assessment:
    • Continuous assessments are provided to evaluate participants performance and their understanding of the training materials. This assessment is used to modify the training program if necessary and ensure the desired results are achieved.
  • Terms and Conditions:
    • Terms and conditions apply to all training programs. It is assumed that registering for any training program implies the participants agreement to these terms, including registration, payment, and cancellation policies.
  • Prices and Discounts:
    • It is noted that the prices displayed on the website do not include a 5% value added tax. All prices are subject to discounts according to the companys policies.

European Quality Training and Management Consultancy of Training and Management Consulting reserves the right to change the location of the training program, change the accredited lecturers for program delivery, hold, or cancel the program in line with the companys vision and program conditions and our quality policy.

European Quality Training and Management Consultancy is certified

ISO 9001-2015

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