Practical Inventory Management & Demand Forecasting
From guesswork to data-driven precision.
Why this masterclass?
In a volatile market, excess inventory ties up working capital, while turning customers away because stock is unavailable means an immediate loss of sales. Finding the ideal balance between maximum delivery reliability and minimum inventory costs requires more than experience alone: it takes intelligent demand forecasting and well-structured processes.
📌 What will you learn?
This course focuses on knowledge and skills you can apply immediately.
- Supply chain dynamics: Understand the strategic impact of inventory on the entire supply chain.
- Cost analysis: Gain a clear understanding of inventory costs and identify opportunities for savings immediately.
- Quantitative ordering models: Master techniques such as Economic Order Quantity (EOQ), safety stock and reorder points.
- Demand forecasting: Learn to use modern, data-driven forecasting techniques for accurate planning.
- Production versus distribution: Apply tailored strategies suited to your specific business environment.
- Excel simulations: Work through different scenarios and ordering strategies in hands-on practical exercises.
Who is this for?
👨💼👩💼 Professionals
This training is ideal for professionals who want to refine their inventory management and forecasting.
- Inventory managers & demand planners who want to sharpen their forecasting techniques and optimise stock levels.
- Supply chain & logistics managers seeking better control of costs, lead times and the entire supply chain.
- Buyers & material planners who want to order more intelligently and find the right balance between availability and working capital.
- Operations & production planners who want to improve alignment between demand, production capacity and inventory.
- Data & financial analysts who want to substantiate and calculate the financial impact of inventory decisions more effectively.
🎓 Still studying?
Start bridging the gap between theory and practice now!
- Students on professional bachelor's programmes in Supply Chain Management, Logistics Management or Business Management who want to turn their theoretical foundation into immediately applicable Excel and planning skills.
- Academic bachelor's and master's students in Applied Economics, Business Engineering or Industrial Management who want to test their quantitative models and strategies in a realistic practical simulation.
- Business Studies / Business Administration students with an elective pathway or interest in operations and inventory optimisation.
- Final-year students and students completing their degrees who need to develop a concrete inventory or forecasting model for a company as part of their bachelor's or master's thesis.
- Recent graduates / trainees who want to give their CV a strong practical boost before entering the job market.
🏆 Your results
- You will confidently manage, interpret and control the key inventory variables.
- You will achieve the optimal balance between maximum product availability and minimum storage costs.
- You will replace guesswork with reliable forecasts based on data analysis.
- You will independently simulate logistics scenarios and make informed choices about the most efficient strategy.
- As tangible proof of your newly acquired expertise, you will receive the valuable Certificate in Inventory Management and Demand Forecasting on completion.
