Inventory Management – Safety Stock

Overview

Purpose:

The purpose of the Safety Stock course is to impart the necessary skills that help improve customer service levels by maintaining the right amounts of safety stock at the raw materials and finished goods stages.

Scope:

In this course, you will find detailed explanations of the concepts, formulas and calculations related to determining and maintaining safety stock.

Benefits

Upon completion of the Safety Stock training, students will be able to apply the related principles to identify the gaps in customer service levels and establish the required amount of safety stock to achieve the target customer service levels.

Features

Below are some of the main features of this course:

• Online delivery
• Flexible schedule
• Affordable cost
• Relevant content

Target Audience

The Safety Stock course is intended for supply chain professionals, especially those dealing with materials requirement planning (MRP) and need to support the customer service levels for raw materials for manufacturing and finished goods for the market.

Course Content

The Inventory Management – Safety Stock course has been developed following the ADDIE methodology of curriculum development. BRASI’s Programme Advisory Group (BRASI PAG) is responsible for the development, assessment, and continuous improvement of BRASI’s training programmes, following the guidelines contained in the standard ASTM E-2659.

The Safety Stock course provides fundamental knowledge in the key areas of safety stock, including the following:

• Understanding the importance of safety stock
• Understanding the factors used in safety stock
• Familiarising oneself with inventory management software
• Describing the concepts used in safety stock management
• Understanding the challenges and considerations of safety stock
• Recognising the role of safety stock in the supply chain
• Gaining awareness of the risks of inadequate safety stock
• Understanding safety stock in lean manufacturing
• Familiarising oneself with inventory management strategies
• Calculating safety stock quantities with various inputs
• Describing future trends in safety stock management
• Understanding the importance of balancing safety stock

Schedule

Inventory Management – Safety Stock is a self-paced online training course and can be started at any time.

Delivery Mode

Students would gain 24/7 online access to self-paced learning modules and tests through the BRASI Learning Management System.

Learning Resources:

• Online interactive training modules
• Downloadable content
• Print-ready handbooks
• Examples, exercise files and a quiz for each module

Note: Live Q&A sessions are held to answer any specific questions and explain key concepts as needed. Participation in the Q&A sessions is optional and is not taken into account for the passing score.

Additional Info

Assessment

Students would be required to take a final assessment after completing the course review.

Certification

In order to receive the certificate for this course students must obtain a minimum score of 70% in the final assessment. Certificates for all of the BRASI courses are issued centrally by BRASI and are downloadable.

Each BRASI certificate carries a unique ID for verification, and is valid for life.

Note: A Safety Stock certificate holder has a deep understanding of the principles involved in securing and maintaining inventory, and balancing both to achieve the lowest combined cost.

Registration

Step 1: Students are required to create a free user account on the BRASI web site (no payment information is needed to create the account).

Step 2: Select the course(s) you would like to sign up for from the courses page (you can get more details about each course from this page)

Step 3: Proceed to checkout and be sure to enter the CTS College discount code BRASI-CTS to get 10% off (acceptable modes of payment include major credit cards and PayPal)

Note: The course is designed to be completed within three months. However, extensions are allowed upon request.

Fees & Payment

The course fee is posted on the BRASI website and is subject to change without notice. Cancellation is allowed within three days from the date of access to the course. Full refund is made within one week of cancellation.

Registration for BRASI courses can be done directly on the BRASI website. Training is conducted utilising BRASI online learning management system, and the certificate is issued by BRASI.

Coupon Code

Use this code to get 10% off: BRASI-CTS

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Student Support

Please contact Brasi if you require any further information or support.