Build a strong foundation in inventory forecasting and planning

Efficient inventory control is at the heart of supply chain success. You’ll explore the essential parameters of inventory management and how they support business continuity, cost reduction, and service excellence.

You’ll learn how to analyse historical data, apply forecasting techniques, and design replenishment strategies using tools like Material Requirements Planning (MRP).

Through real-world examples and case-based learning, you’ll strengthen your ability to balance supply and demand.

Apply optimisation models and technologies in real scenarios

Practise calculating safety stock, reorder points, and economic order quantities (EOQ) while accounting for risk and lead time variability. You’ll explore how to categorise inventory, reduce excess, and improve turnover.

You’ll also assess the benefits of Just-in-Time (JIT) strategies and learn how AI and machine learning are shaping real-time inventory decisions in logistics and retail settings.

Apply AI tools and inventory models in real-world scenarios

Finally, you’ll explore key inventory metrics and dashboards to monitor performance, spot inefficiencies, and support continuous improvement. You’ll design inventory KPIs, build tracking frameworks, and assess optimisation outcomes across multiple channels.

With your new skills, you’ll be prepared to make smarter inventory decisions that support broader business success.

Lead transformation in supply chain operations

You’ll evaluate how inventory optimisation connects to broader operational strategy, and explore how effective inventory control influences procurement, finance, and customer service.

With future-focused insights, you’ll be able to lead change, reduce risk, and drive cross-functional improvement.

Explore our ExpertTrack: Operational Excellence & Process Optimisation.

Syllabus

Week 1
Foundations of Inventory Control and Planning
- Lesson 1: Introduction to Inventory Management
  Explore the strategic role of inventory management, its benefits, and the common pitfalls organizations face. Gain an overview of inventory systems and modern technologies that support effective inventory control.
- Lesson 2: Fundamental Parameters of Inventory Management
  Understand the key components that govern inventory processes, including supply and demand, lead times, lot sizing, safety stock, and reorder points. Learn how these parameters influence inventory efficiency.
- Lesson 3: Inventory Forecasting, Demand and Requirement Planning
  Examine forecasting methods and data analysis techniques used to predict demand. Learn how Material Requirements Planning (MRP) supports accurate inventory planning and aligns supply with organizational needs.
Week 2
Optimization Strategies and Performance Improvement
- Lesson 4: Inventory Optimization, Control Strategies and Techniques
  Analyze cost drivers and classification methods such as ABC and XYZ. Explore optimization models including EOQ and JIT, and strategies to minimize excess inventory while maintaining service levels.
- Lesson 5: Inventory Tracking and Performance Metrics
  Discover key inventory KPIs and tracking practices. Learn how to use technology for modeling and optimization, and draw insights from lean manufacturing principles to improve overall inventory performance.

When would you like to start?

Start straight away and join a global classroom of learners. If the course hasn’t started yet you’ll see the future date listed below.

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Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

Assess the significance of effective inventory management and its impact on organizational performance.
Get familiar with the fundamental parameters of inventory management and optimization.
Apply various inventory forecasting and demand planning techniques used in inventory management.
Develop effective inventory optimization strategies to improve inventory turnover, reduce excess stock, and enhance customer satisfaction.
Measure inventory performance using key metrics and use data-driven insights to make informed inventory decisions.

Who is the course for?

This course is for professionals in operations, supply chain, logistics, or manufacturing who want to advance their inventory skills. It also suits business analysts and consultants seeking strategic tools for inventory optimisation.

Who will you learn with?

Paul Siegel

Who developed the course?

Starweaver

Starweaver is a next generation platform that engages your workforce as no other. Combining business and technical skills, Starweaver provides real-time skill building that is in line with your business objectives and strategies, and in your associates day to day tasks and jobs.

What's included?

This is a premium course. These courses are designed for professionals from specific industries looking to learn with a smaller group of like-minded individuals.

Unlimited access to this course
Includes any articles, videos, peer reviews and quizzes
Certificate of Achievement to prove your success when you're eligible
Download and print your Certificate of Achievement anytime

Join - $69

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