John Atkinson is an Inventory Management Expert and Lead Trainer for the Advanced Certificate in Strategic Inventory Management: ACSIM™
The Advanced Certificate in Strategic Inventory Management: ACSIM™ is delivered through Innoverto Training in Dubai and covers Effective Inventory Management which is a vital element of Supply Chain management and effectively underpins both financial revenue streams for the organisation as well as ensuring that projects are completed on time.
ACSIM™ leads delegates through the key methodologies to ensure that inventory levels are optimised both financially and operationally. The course expands to incorporate safety stock level system management, the management of slow moving and obsolete inventory and provides delegates with a soft copy inventory management model to enable delegates to swiftly and confidently implement their learning upon their return to the workplace.
What do you believe are the key challenges faced by organisations when managing inventory?
From my experience of working globally with a range of clients across all industry sectors including: Oil & Gas, Telecoms, Defence & State Institutions, the most common challenges are:
These challenges can be overcome, by applying various models including: Forrester Analysis, and understanding the key inventory metrics; particularly leading indicators that will provide a “heads up” to inventory mix change. When combined with Stock Turn Ratio analysis, the organisation gains a clear picture of change and is able to adapt by both Re-balancing inventory levels and also adapting the appropriate min/max model.
