Inventory Planning and Stock Control – Level 2

Demand Planning and Lead Time Analysis

• Develop demand forecasts using statistical and collaborative methods.
• Assess the impact of lead time variability on service levels.
• Balance working capital with customer satisfaction targets.
• Integrate demand planning within ERP and inventory systems.

Inventory Costing and Optimisation

• Analyse carrying, shortage, and ordering costs to determine optimal levels.
• Use ABC/XYZ analysis to segment inventory for better control.
• Apply JIT and VMI models to improve responsiveness and reduce waste.
• Evaluate trade-offs between cost reduction and service performance.

Logistics Communication and Collaboration

• Enhance cross-departmental coordination for forecast accuracy.
• Share data securely between planning, purchasing, and warehousing teams.
• Engage suppliers in collaborative forecasting and replenishment.
• Improve visibility with integrated planning tools and dashboards.

Performance Metrics and KPI Analysis

• Establish inventory health indicators across the supply chain.
• Monitor forecast accuracy, obsolescence, and fill rate metrics.
• Visualise trends and performance using BI dashboards.
• Benchmark against industry best practices for continuous improvement.

Risk Management in Supply Chains

• Assess vulnerability of sourcing and logistics operations.
• Implement mitigation frameworks aligned with ISO 31000 standards.
• Plan for demand shocks, supply interruptions, and capacity risks.
• Test recovery and continuity plans through simulation exercises.

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