Bad inventory decisions can kill an organization’s profitability, whittle away at its market share, and generally wreak havoc on the supply chain.

Unfortunately, most supply chain professionals operate on informally learned tactics and expose their organizations to disastrous supply chain and financial consequences. Today, NLPA launches its newest full-length online course, “Profitable Inventory Management and Control,” which teaches supply chain professionals time-tested best practices that enable them to make the inventory decisions that will maximize their organization’s success.

“Profitable Inventory Management and Control” focuses on the skills needed to use inventory as a strategic weapon for boosting profitability and giving an organization a competitive advantage.

Supply chain professionals will learn the fundamentals of inventory management and control; how to mitigate inventory risks; how to develop more accurate forecasts; how to set up the inventory replenishment cycle, including setting safety stock levels, reorder points, and economic order quantities (EOQ); how to measure and improve inventory performance; how to reduce and optimize inventory levels; and how to leverage inventory management technology; and much more.

“Since we began providing training in 2000, inventory management has gone from being a function quietly managed in an organizational silo to one that is continuing to become one of the primary responsibilities of purchasing and supply chain professionals,” said Charles Dominick, SPSM, SPSM2 President and founder of NLPA. “With this redefinition of responsibilities, purchasing and supply chain professionals have struggled to quickly identify, learn and implement best practices for optimizing inventory. With ‘Profitable Inventory Management and Control,’ these professionals finally have a resource to utilize to become the experts they need to be for their organizations. Plus, this course – like all of our online courses – makes learning fun and rewarding, not painful!”

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