Inventory planning and stock control is a critical process within Supply Chain Management (SCM) which ensures continuity of supply of the inventory at the lowest cost. Effective inventory planning will help the SCM team improve the accuracy of forecasts, ensure enough inventory levels at all times and enhance profitability by optimizing the expenses. The control side of this process is to ensure that plans are being met and to take the necessary action when otherwise.
Demand planners are the behind the scenes professionals who are entrusted with this mega load. When they do their job right no one recognizes them, however they will be noticed quickly when they fail to deliver given the negative impact this will have on customer service and the bottom line.
In this workshop, many inventory planning theories, models and best practices will be discussed which when properly implemented will assist the participants deal with various future scenarios to ensure continuous flow of the inventory at the least possible cost.