Executive Development Programme in Smart Inventory Management Techniques

• Introduction to Smart Inventory Management: Understanding the basics of inventory management and the benefits of implementing smart techniques.
• Types of Inventory Management Systems: Overview of traditional vs. smart inventory management systems, including their features and capabilities.
• Demand Forecasting Techniques: Utilizing data analysis and machine learning algorithms to predict future demand and optimize inventory levels.
• Automated Inventory Tracking: Implementing RFID, barcode scanning, and other technologies to track inventory levels in real-time.
• Inventory Optimization Strategies: Applying advanced analytics and modeling to optimize inventory levels, reduce costs, and improve customer service.
• Supply Chain Visibility: Enhancing supply chain visibility through real-time tracking, monitoring, and data sharing.
• Vendor Managed Inventory (VMI): Collaborating with suppliers to manage inventory levels and reduce costs.
• Inventory Management Best Practices: Implementing industry best practices, including cycle counting, safety stock management, and continuous improvement.
• Implementing Smart Inventory Management Systems: Steps for selecting, implementing, and integrating smart inventory management systems into existing operations.
• Change Management and User Adoption: Strategies for managing change and ensuring user adoption of new inventory management systems and processes.