Stock Forecasting and Management Workshop

Forecasting, Stock Classification, and Cost Control for Supply Chain Managers

Platform:

Online

In-class

Date	Venue	Duration
26 - 27 October 2026	Sandton, Gauteng	2 Days
07 - 09 December 2026	Sandton, Gauteng	3 Days
13 - 15 January 2027	Sandton, Gauteng	3 Days
24 - 25 March 2027	Sandton, Gauteng	2 Days
03 - 05 May 2027	Sandton, Gauteng	3 Days
14 - 15 June 2027	Sandton, Gauteng	2 Days
26 - 28 July 2027	Sandton, Gauteng	3 Days
30 - 31 August 2027	Sandton, Gauteng	2 Days
04 - 06 October 2027	Sandton, Gauteng	3 Days
22 - 24 November 2027	Sandton, Gauteng	3 Days

Course Introduction

Equip yourself to generate more accurate forecasts, set appropriate inventory levels, and monitor and improve forecasting and inventory management over time with this workshop. Explore the impact of inflated inventory levels, diagnose process constraints, and leverage techniques to improve inventory performance.

Course Duration Options

This Office Administration and Secretarial Masterclass is available in two formats, so you can choose the depth that fits your time and needs:

2-Day Essentials Core Foundations

Stock management foundations, classification, forecasting, costs, order quantities, and safety stock.

Ideal for: Those who need practical, immediate capability without an extended time commitment.

3-Day Comprehensive Full Depth

The full curriculum in complete depth, with dedicated days for foundations, forecasting, and costs/ordering, giving the calculation-heavy content genuine worked-example time.

Ideal for: Professionals seeking in-depth mastery of inventory math, advanced forecasting models, and practical worked calculations.

Both formats are delivered face-to-face, virtually, or in-house, and share the same practical, hands-on instructional approach.

Course Objectives

By the end of this workshop, participants will be able to:

State the objectives of stock management and list their impact on cost and customer service
Prepare proper classification of stock and use best practices for item specification and cataloguing
Use scientific forecasting techniques to predict demand and better manage lead times
Differentiate and categorise stock cost elements
Compute the optimum ordering quantity and determine safety stocks and reorder points
Evaluate software options that support forecasting and inventory management, including AI-assisted demand forecasting

Who should attend?

This workshop is for managers and directors who are involved in supply chain processes, particularly those working in demand management (forecasting and inventory management).

Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

2-Day Essentials — Training Outline

DAY 1 — Stock Management Foundations and Forecasting

Introduction to Stock and Supply Chain Management

Supply chain management scope, functions, and objectives
Objectives of inventory planning and stock control; reasons to hold inventory
Push vs. pull inventory systems, and customer service in inventory management

Classification and the ABC Model

Description and classification of inventory; types of inventories
The ABC classification ranking model and its uses

Forecasting Demand

The relationship between forecasting and inventory; dependent vs. independent demand
Factors affecting demand and forecast accuracy; demand patterns
Time series forecasting methods: moving average, exponential smoothing, and seasonal demand
Measuring forecast accuracy

DAY 2 — Costs, Ordering, and Safety Stock

Inventory Costs

Cost of item, purchasing cost, carrying/holding cost, and stock-out cost
Setting lead time and methods to control it

Order Quantities and Safety Stock

The Economic Order Quantity (EOQ) model, and dealing with quantity discounts
Determining inventory levels to ensure in-stock availability while minimising obsolescence
Objectives of safety stocks, and setting safety stocks and reorder points

Technology and Close-Out

Evaluating software used to enable forecasting and inventory management, including AI-assisted demand forecasting
Deciding whether the 3-Day Comprehensive programme is the right next step

3-Day Comprehensive — Training Outline

Day 1: Foundations of Stock and Supply Chain Management

Introduction to stock management
Supply chain management scope
Functions and objectives of supply chain management
Objectives of inventory planning and stock control
Reasons to hold inventory
Inventory information system considerations
Inventory push versus pull systems
Identifying inventory costs
Customer service in inventory management
Importance of inventory management
Description and classification of inventory
Types of inventories

Day 2: Forecasting Demand and Lead Time

The relationship between forecasting and inventory
The inventory ABC classification ranking model, and its uses
Forecasting demand and lead time; the inventory order cycle
Dependent versus independent demand
Factors affecting demand, and factors impacting forecast accuracy
Demand patterns
Time series forecasting methods: seasonal demand, moving average, and exponential smoothing
Measuring the accuracy of the forecast
Setting lead time and methods to control it

Day 3: Costs, Order Quantities, and Safety Stock

Inventory costs and inventory cost elements
Cost of item, purchasing cost, carrying/holding cost, and stock-out cost
Inventory systems and the Economic Order Quantity (EOQ) model
Determining inventory levels to ensure in-stock availability while minimising obsolescence
Dealing with quantity discounts
Objectives of safety stocks, and setting safety stocks
Evaluating software used to enable forecasting and inventory management, including AI-assisted demand forecasting

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FAQs – Stock Forecasting and Management Workshop

Develop practical stock forecasting and management skills to accurately plan inventory needs, optimise stock levels, reduce costs, minimise shortages and excess inventory, and improve overall supply chain efficiency.

What topics are covered in the Stock Forecasting and Management Workshop?

The workshop covers demand forecasting models, inventory classification techniques (ABC/XYZ analysis), safety stock calculation, Economic Order Quantity (EOQ), reorder point optimization, lead time management, inventory audit protocols, and stock turnover analytics.

Who should attend the Stock Forecasting and Management Workshop?

This workshop is designed for inventory controllers, warehouse managers, supply chain analysts, procurement planners, logistics managers, storekeepers, and demand planners responsible for maintaining optimal stock levels and minimizing inventory holding costs.

How does this workshop help reduce inventory holding costs and stockouts?

Delegates learn quantitative techniques to accurately predict demand fluctuations, eliminate excess and obsolete stock, calculate optimal reorder thresholds, and align inventory replenishment cycles with operational requirements.

How long is the Stock Forecasting and Management Workshop?

The workshop is structured as an intensive 2 to 3-day practical masterclass featuring hands-on forecasting exercises, inventory calculation templates, stock audit simulations, and real-world supply chain case studies.

What practical tools and skills will delegates gain from this workshop?

Delegates will learn how to build demand forecasting spreadsheets, establish safety stock formulas, perform inventory valuation, track Key Performance Indicators (KPIs) like stock-turn rates and order fill rates, and streamline stocktaking workflows.

Can Prospen Africa deliver this workshop as customized in-house training?

Yes. Prospen Africa can tailor the workshop content to address your organization's specific product SKUs, ERP/inventory software environment, warehouse management practices, and supply chain operating conditions.

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