Training Courses (UK)

Introduction to forecasting techniques and inventory management

Tuesday, 25 September 2018 - LONDON


non-member US$396.18
Introduction to forecasting techniques and inventory management
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Understand how to identify potential future demand so you can make efficient inventory management decisions

By the end of this course you will be able to:

  • Make your demand forecasts more accurate and more useful
  • Understand different forecasting methods, including the basic techniques as well as some of the more complex models
  • Produce demand forecasts more efficiently
  • Use your knowledge of potential future demand to keep your level of inventory right, improving stock availability, creating cost efficiencies and reducing obsolescence
  • Establish your overall inventory management policy and management framework
  • Address any day-to-day problems that can occur.


    Is it right for me?

    This practical one-day course is designed to support decision making and provide you with tools and techniques to use in the workplace. In order to make efficient decisions with regard to inventory management it is essential to have an understanding of potential future demand. This course aims to provide learners with more confidence and an ability to evidence those decisions.


    What key points will the training cover?

    • Basic definitions
    • Fundamental relationships
    • Essential forecasting techniques to support inventory management decisions
    • Replenishment methods and systems
    • Risk, quality and costs
    • Applying moving averages and exponential smoothing


    CIPS Direct Associates

    CIPS Direct Associates are appointed for their extensive knowledge and experience in the procurement and supply sector. The tutor for this course has been specially selected for their particular skills and expertise in the subject area. This is a crucial part of CIPS' ongoing commitment to ensure all of our delegates have a high-quality, informative and enjoyable learning experience.


    Tuesday 25 Sep - LONDON

    Novotel London Wembley
    5 Olympic Way
    HA9 0NP
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