Basic Inventory Concepts

900,00kr
Timmar: 
2
Sammanfattning: 
This two-hour Online Self-Study provides a broad overview of the major concepts of inventory management.
Agenda: 
Concepts taught include: Role of inventory in supply chain Cost of inventory/drivers of inventory costs Role of forecasting in managing inventories Inventory performance metrics Role of information and technology This course includes activities in which users can apply inventory management concepts.
KursmĂĄl: 
At the end of the course, users should be able to: Describe inventory management's place within the supply chain, and within the fulfillment function. Discuss the profit impact of inventory. Explain the critical drivers of inventory costs (size of the product line, number of inventory stocking locations, transportation costs, customer service philosophy, where in the supply chain inventory is held, and forward buying/discounts). Describe key activities: forecasting, ABC analysis, and cycle counting. Discuss inventory performance metrics and how to apply them. Summarize how information—coupled with technology—enables accuracy, visibility, and speed in the supply chain.
Förkunskaper: 
Introduction to Supply Chain
SKU: 1000000094

Inventory is the second largest expense in the fulfillment function next to transportation. Not only does inventory involve significant operating expenses (such as insurance, labor, and storage space), it also involves a considerable investment, which a company could spend in almost any other way. This training course looks at what inventory is; how it should be used most effectively to maintain a satisfied customer base and, at the same time, reduce costs/free up money for other initiatives; what the key processes and analyses involved in inventory management are; and the importance of information—and the technology that enables it—to accuracy, visibility, and speed in inventory management.

Pris: 900,00kr