How do you link inventory training to your goals?

2 Choose the right training method

There are many ways to learn inventory management, such as online courses, workshops, webinars, books, podcasts, mentorship, and coaching. Depending on your learning style, budget, availability, and preferences, you can choose the most suitable training method for you. However, make sure that the training method you choose aligns with your goals and covers the topics and skills you need. For example, if you want to learn how to use a specific inventory management software, you might want to opt for an online course that provides hands-on exercises and feedback. If you want to learn how to improve your inventory forecasting, you might want to attend a workshop that teaches you the latest techniques and tools.

3 Apply your learning to your work

The most important part of any training is to put your learning into practice. Otherwise, you might forget what you learned or fail to see the benefits. To apply your learning to your work, you need to create an action plan that outlines how, when, and where you will implement what you learned. For example, if you learned how to reduce inventory costs, you might want to set a target for your inventory turnover ratio and track it regularly. If you learned how to improve inventory accuracy, you might want to conduct a cycle count and compare it with your records. By applying your learning to your work, you will be able to link your training to your goals and see the impact on your inventory performance.

4 Review your progress and results

The last step in linking your inventory training to your goals is to review your progress and results. This will help you evaluate the effectiveness of your training and identify areas for improvement. To review your progress and results, you need to collect and analyze data on your inventory performance and compare it with your baseline and goals. For example, if you wanted to increase customer satisfaction, you might want to measure your fill rate and delivery time and see if they improved after your training. If you wanted to optimize your inventory levels, you might want to measure your inventory holding costs and stockouts and see if they decreased after your training. By reviewing your progress and results, you will be able to celebrate your achievements and adjust your actions as needed.

5 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?