Course Details

EMA Learning

EMA Waikato Office, Hamilton 103 Tristram Street, Hamilton

Full Day

Whether you're a manufacturer, retailer or distributor reducing excess inventory and investing in the right inventories leads to better customer service, better inventory turnover, and a healthier bottom line. The skills learnt at this workshop will allow you to effectively manage and minimise your inventory investment which in turn will give you a competitive advantage in the marketplace.

What you will be able to do



• Explain types of inventory
• Explain the concepts & objectives of inventory management
• Learn to reduce supplier lead times
• Describe inventory management techniques
• Use tools to manage inventory levels consistent with maintaining the desired degree of customer service
• Determine the correct inventory levels in your business
• Explain ordering systems and order quantities
• Apply best practice inventory management methods

What we will cover


• Why companies hold inventory
• Alternatives to purchases by container lot via sea freight
• Inventory types
• Costs of inventory
• ABC Inventory management
• Fixed period management methods
• Fixed quantity management methods
• Setting and maintaining service levels

Who should attend


• Business Owners
• Manufacturers
• Those involved in materials management

An EMA learning, tutor