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INVENTORY & RISK MANAGEMENT MASTER CLASS

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.

 Recognition of the balance sheet implications of inventory in supply chain management has launched a variety of industry-wide inventory reduction initiatives. Despite all these initiatives to reduce inventory in the supply chain, inventory levels for most companies have remained the same or increased. This course is focused on understanding how to efficiently provide the inventory necessary for good customer service while minimizing risk associated with poor supply chain management. 

 Course Objectives 

After completion of this course participants should 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 

 Who should to attend 

=>Executives and managers responsible for supply chain and logistics 

=>Supply chain management professionals 

=>Supply chain engineers and analysts 

=>Inventory planners and analysts 

=>Production and warehouse supervisors and team leaders

 =>Supply chain and logistics Managers/ Officers

 =>Purchasing managersTransportation managers and engineers

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