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Procurement and Inventory Optimization Course

Procurement and Inventory Optimization Course
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.
Workload: between 4 and 360 hours

What our students say

I was just promoted to Intelligence Advisor of the Prison System, and the course from Elevify was crucial for me to be chosen.
EmersonPolice Investigator
The course was essential to meet the expectations of my boss and the company I work for.
SilviaNurse
Very great course. Lots of rich information.
WiltonCivil Firefighter

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