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.

Learning Objectives:

• At the end of this session, you will be able to:
• Appraise the use of inventory throughout the supply chain;
• Employ inventory strategies to support business strategies;
• Analyse trade-offs between inventory costs and customer service levels;
• Measure and improve inventory performance;
• Evaluate how to trade-off transportation and inventory costs;
• Measure how to optimize inventory levels to meet service requirements;
• Apply the basics of inventory and forecasting techniques.

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