Inventory Management for Smart Manufacturing and Services* (40 Hours)

*This is a non-WSQ module.
Data Analytics Driven Inventory Planning
 

Introduction

Inventory planning is a process involving inventory performance analysis & planning, and purchase decision-making; by reaching right-sized inventory through the process, the organisation will be able to mitigate inventory risk in short term and maximise inventory performance in mid-term and/or long-term. As a direct result, the organisation can satisfy demand at low inventory cost.

About The Programme

The digitalisation journey to Industry 4.0 is fundamentally transforming the traditionally siloed supply chains into integrated digital supply networks, in which supply and demand signals are originated at any point and travel immediately throughout the supply networks making data analytics a powerful tool in inventory planning.

Our Immersive and Hands-on Analytics Approach

  • Competence Development
    This programme is to train participants in inventory planning knowledge and principles, and equip them with skills and tools that are required in inventory performance analysis and planning.
  • Harvesting the Low Hanging Fruit
    Reaching right-sized inventory by applying the knowledge and skills learned through the course is a low hanging fruit that company can achieve in the early stage of the digitalisation journey. Meanwhile, the course will pave the way for continuous inventory performance improvement in the journey to Industry 4.0.

Who Should Attend

The programme is relevant for business owners, CEOs, directors, senior managers, and professionals who are in the areas of supply chain management, planning, purchasing and sourcing, inventory and material control, and sales & operation planning.

outline_Inventory Management for Smart Manufacturing and Services

Course Outline

The programme engages the Learn-Practise-Implement™ (LPI™) pedagogy, through which fundamental knowledge and principles taught will be reinforced in practice, as well as during the implementation process using real business scenario and data.

Key focus areas or applications:
  • Just-in-time Inventory Replenishment
  • Problems Understanding
  • Planning Approaches & Principles
  • Inventory Planning Framework
  • Risk Analysis for SKU Segments
  • Inventory Policy Development
  • Purchase Request Generation
  • Performance Measurements & Planning
  • Inventory Performance Optimisation

Upon Completion Of This Course

Participants will be awarded with a Certificate of Attendance (COA) by SIMTech and/or ARTC if they meet the following criteria:

  • Achieve at least 75% course attendance;
  • Take all assessments; and
  • Pass the course.

Note: Trainees will have to bear the full course fee upon failure to meet either one of the criteria.

Pre-Requisites

  • Applicants should possess a degree in any discipline or a diploma with a minimum of 3 years of related working experience.
  • Applicants who do not have the required academic qualifications are still welcome to apply, but shortlisted candidates may be required to attend an interview for special approval.
  • Proficiency in written and spoken English.

Full Course Fee

The full course fee for this course is $4,000 before funding and prevailing GST.

Nett Course Fee

International
Participants		 Singapore Citizens aged 39 years and below, Singapore Permanent Residents and LTVP+ Holders Employer-sponsored and self-sponsored Singapore Citizens aged 40 years and above
(MCES) ²		 SME-sponsored local employees (i.e Singapore Citizens, Singapore Permanent Residents and LTVP+ Holders) (ETSS) ¹
$4,360 $1,308 $508 $508
All fees are inclusive of GST 9%.
Please note that fees and funding amounts are subject to change.
Long Term Visit Pass Plus (LTVP+) Holders

The Long Term Visit Pass Plus (LTVP+) scheme applies to lawful foreign spouses of Singapore Citizens with 
(i) at least one Singapore Citizen child or are expecting one from the marriage, or at least three years of marriage, and
(ii) where the Singapore Citizen sponsor is able to support the family.

All LTVP+ holders can be identified with their green visit pass cards, with the word 'PLUS' printed on the back of the card.
¹ Enhanced Training Support For Small & Medium Enterprise Scheme (ETSS)

The ¹Enhanced Training Support for Small & Medium Enterprises scheme (ETSS) supports company-sponsored participants with up to 90% course fee subsidies.  To qualify, both the employers and trainees must meet the following eligibility criteria.

  • Eligible Small & Medium Enterprises (SMEs) must meet all of the following conditions:
    • Registered or incorporated in Singapore
    • Employment size of not more than 200 employees, or annual sales turnover of not more than $100 million

  • SME-sponsored trainees must meet all of the following:
    • Singapore Citizen or Singapore Permanent Resident
    • Course fees are fully paid for by the employer
    • Trainee is not a full-time national serviceman
Further Information:
This scheme is intended for all organisations, including non-business entities not registered with ACRA, for example, Voluntary Welfare Organisations (VWOs), societies, etc. Only ministries, statutory boards, and other government agencies are NOT eligible under the Enhanced Training Support for SMEs Scheme. Sole proprietorships which meet all of the above criteria are also eligible.
² SkillsFuture Mid-Career Enhanced Subsidy (MCES)

The ²SkillsFuture Mid-Career Enhanced Subsidy (MCES) is meant for employer-sponsored and self-sponsored Singapore Citizens aged 40 years old and above.

Eligible Singapore Citizens can receive higher subsidies of up to 90% of course fees.
SkillsFuture Credit (SFC)

All Singapore Citizens aged 25 years old and above are eligible for SkillsFuture Credit (Opening Credit), which can be used to offset course fees (for self-sponsored registrations only).
SkillsFuture Credit (Mid-Career)

The SkillsFuture Credit (Mid-Career) is only applicable for the full A*STAR SkillsFuture Career Transition Programme (SCTP) enrolments, and cannot be used for standalone or individual module sign-ups.

How Course Fees are Calculated

TYPE CATEGORY OF INDIVIDUALS
International Participants  Singapore Citizens aged 39 years and below, Singapore Permanent Residents and LTVP+ Holders Employer-sponsored and self-sponsored Singapore Citizens aged 40 years and above  SME-sponsored local employees (i.e Singapore Citizens, Singapore Permanent Residents and LTVP+ Holders)
FUNDING SOURCE
Not applicable for Funding Support SkillsFuture Funding (Baseline)   SkillsFuture Mid-career Enhanced Subsidy (MCES) ² SkillsFuture Enhanced Training Support for SMEs (ETSS) ¹
Full Course Fee  $4,000 $4,000 $4,000  $4,000 
Funding Support Not Applicable   ($2,800) ($3,600) ($3,600)
Nett Course Fee $4,000 $1,200 $400 $400
GST 9% $360 $108* $108* $108*
Total Nett Course Fee Payable to Training Provider $4,360 $1,308 $508 $508
* Based on 30% of Full Course Fee

About the Trainer

Ms Yan Wenjing
Ms Yan Wenjing
Ms Yan Wenjing
Principal Research Engineer
A*STAR SIMTech

Ms Yan Wenjing is a Principal Research Engineer at SIMTech with more than 20 years of experience in system design, development and implementation for supply chain and enterprise information management and analysis. She has led and participated in both research and industry projects covering several areas of supply chain management: production planning and scheduling, demand forecasting, inventory planning, logistics planning, and data analytics. She holds a master degree in engineering.

Registration

Sign up now

  • Please register for this course through our online form: Course Registration Form for Public Classes.
  • For the first question, please select "Modular Programmes (Standalone Modules".
  • Applicants will be placed on our waiting list if the course does not have an upcoming scheduled intake.
  • When the next intake is confirmed, a confirmation email with payment information will be sent to applicants to finalise their participation.

Collateral

Download brochure

Data Analytics Driven Inventory Planning

Contact Us

Technical Enquiries General Enquiries

Ms YAN Wenjing,
Email: yan_wenjing@a-star.edu.sg

 Knowledge Transfer Office,
Email: KTO-enquiry@a-star.edu.sg

Schedule

Module
 Skills Course Reference Number Next Intake(s)' Training Period
(Click on the dates to view their schedules)		 Registration Status
  • Inventory Management for Smart Manufacturing and Services (40 hours)
 TGS-2020503175 PM29 Sep 2025 - 5 Nov 2025
SIGN UP Now

The Sep 2025 intake is postponed. We will publish a new schedule soon.

Note: A*STAR SIMTech and A*STAR ARTC reserve the right to change the class/schedule/course fee or any details about the course without prior notice to the participants.

Announcement:

  • From 1 Oct 2023, attendance-taking for SWDA-approved/SWDA-funded courses must be done digitally via the Singpass App. More information may be viewed here.
  • Participants will be provided with digital course materials when attending our courses. Please note that printed copies will not be available.
Sessions
FD: Full day
AM: Morning
PM: Afternoon
EVE: Evening
 

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