Procurement and Inventory Optimization Course
Gain expertise in procurement and inventory optimisation to minimise stockouts, lower expenses, and develop robust supplier networks. Acquire skills in demand forecasting, safety stock computation, EOQ models, and risk mitigation techniques applicable right away in procurement and supply chain positions. This course equips professionals with essential tools for efficient inventory control and resilient supply chains.

flexible workload of 4 to 360h
valid certificate in your country
What will I learn?
This practical course teaches methods to reduce stockouts and surplus inventory while enhancing supplier reliability. Participants learn risk assessment strategies, supplier diversification, demand forecasting, and key inventory formulas for optimal safety stocks and reorder points. It provides straightforward advice on choosing strategies, warehouse guidelines, and a step-by-step plan for swift, lasting enhancements.
Elevify advantages
Develop skills
- Inventory calculations and EOQ: use simple formulas to reduce stockouts and holding costs.
- Safety stock planning: determine buffer sizes based on demand variation and lead time risks.
- Procurement strategy development: align items with EOQ, JIT, VMI, or dual sourcing methods.
- Supplier risk management: create strong contracts, KPIs, and backup plans.
- Practical inventory optimisation: establish min/max levels and address slow-moving items promptly.
Suggested summary
Before starting, you can change the chapters and the workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students say
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