Tipping Point Advisory Services Pvt. Ltd.
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Inventory Management: The Nuts & Bolts

Most companies carry too much inventory. “You can’t sell from an empty wagon,” is usually the reasoning. Being over-stocked means the company will likely not run out of anything. But what about the inventory that has celebrated a few birthdays in the warehouse? Has anyone stopped to calculate the true cost of worrying about “running out?”

The costs of maintaining excessive inventory usually far outweigh the true cost of not being able to quickly deliver a particular item to a customer once in a very long while. A balance must be struck between inventory levels and turnover. Good inventory managers know what stock moves at what rate. They carefully plan re-order levels to ensure that the chances of running out are minimized while the turnover rate is maximized.

How You Will Benefit

  • Understand terms that are frequently used in warehouse management 
  • Identify the goals and objectives of inventory management, and measure your process against these goals
  • Calculate safety stock, reorder points, and order quantities
  • Evaluate inventory management systems
  • Identify the parts of the inventory cycle
  • Better maintain inventory accuracy

What You Will Cover

  • What is inventory?
  • Types of inventory
  • Key players
  • Setting up the warehouse
  • What makes a good inventory management system?
  • The warehouse inventory cycle
  • Identifying demand
  • Validating inventory
  • The put-away and receiving process
  • Maintaining inventory accuracy
  • The outbound process
  • Industry trends
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Online Learning : www.seedsofknowledge.in

Locate Us

Tipping Point Advisory Services Pvt. Ltd.
6383, Alok Vihar II, Sector 50, Noida – 201301 UP
Mobile : +91-9971799601
Email : info@tippingpointadvisory.com
​Website : www.tippingpointadvisory.com

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  • Home
  • About Us
  • SERVICES
    • People Performance Management >
      • Business Skills >
        • Meeting Management - The Art of Making Meetings Work
        • Problem Solving & Decision Making
        • Skills for the Administrative Assistant
        • The Minute-Taker's Workshop
        • Time Management - Get Organized for Peak Performance
        • Working Smarter - Using Technology to Your Advantage
      • Communication Skills >
        • Advanced Writing Skills
        • Business Etiquette - Gaining That Extra Edge
        • Business Writing That Works
        • Communication Strategies
        • Public Speaking - Presentation Survival School
        • Public Speaking - Speaking Under Pressure
        • SpeakEasy - Conquering Your Fear of Speaking in Public
        • Web Page Management
        • Writing Reports and Proposals
      • Customer Service >
        • Critical Elements of Customer Service
        • Customer Relationship Management
      • Sales & Marketing >
        • Building Relationships for Success in Sales
        • Dynamite Sales Presentations
        • Managing Customer Service
        • Marketing and Sales
        • Negotiating for Results
        • Overcoming Objections to Nail the Sale
        • Prospecting for Leads like a Pro
        • Sales and Customer Service Training for Call Center Agents
        • Selling Smarter
        • Telemarketing - Using the Telephone as a Sales Tool
      • Team Management >
        • Building Better Teams
        • Closing the Gap in the Workplace
        • Conducting Effective Performance Reviews
        • Conflict Resolution - Dealing with Difficult People
        • Conflict Resolution - Getting Along in the Workplace
        • Creating a Dynamite Job Portfolio
        • Diversity Training - Celebrating Diversity in the Workplace
        • Employee Dispute Resolution - Mediation through Peer Review
        • Hiring for Success - Behavioral Interviewing Techniques
        • Motivation Training - Motivating Your Workforce
        • Orientation Handbook - Getting Employees Off to a Good Start
        • Performance Management - Managing Employee Performance
        • Safety in the Workplace
        • Stress Management
        • Team Building - Developing High Performance Teams
        • The ABC's of Supervising Others
        • Workplace Harassment - What It Is and What To Do About It
        • Workplace Violence - How to Manage Anger and Violence in the Workplace
      • Train the Trainer >
        • Advanced Skills for the Practical Trainer
        • Coaching - A Leadership Skill
        • The Practical Trainer
        • The Professional Supervisor
        • Train-the-Trainer - Developing Your Training Program
        • Train-the-Trainer - Survival Skills for the New Trainer
        • Using Activities to Make Training Fun
  • Projects Completed
  • Clients
  • Blog
  • Contact Us