Course Overview

Supply chain management and logistics encompasses all the activities involved in getting products to consumers including planning, storing, moving, and accounting for inventory. Inventory availability is the most important aspect of customer service, and the cost of inventory is one of the most important entries on a company’s balance sheet

Course Objective

Upon completion of this course, you will be able to:

• Understand the use of inventory throughout the supply chain
• Develop inventory strategies to support business strategies
• Analyze tradeoffs between inventory costs and customer service levels
• Determine how to measure and improve inventory performance
• Understand and manage variability that impacts inventory
• Evaluate how to tradeoff transportation and inventory costs
• Determine how to optimize inventory levels to meet service requirements
• Understand the basics of inventory and forecasting technology

Course Outline

• Inventory fundamentals
• Information requirements for inventory
• Inventory replenishment
• Inventory positioning and determining what to stock
• Inventory rationalization
• Forecasting and demand sensing
• Forecasting and inventory management technology
• Improving inventory performance
• Inventory planning trends and innovation