Inventory Planning Master Class
|Course name||Inventory Planning Master Class|
|Institution||Logistics Learning Alliance|
Tel: 0800 1588231
Tel: +44 (0)1530 276590 / 276591
Fax: +44 (0)1530 276593
Demonstrate how inventory management can contribute to competitive advantage; Demonstrate how stockholding costs may be measured; Evaluate a differentiated stockholding strategy for different types of organisations; Apply appropriate techniques to plan the inventory requirements within a single site; Demonstrate the impact of different variables on stock levels through worked examples; Evaluate the value of traditional inventory models for different types of operations; Relate basic principles to modern systems; Demonstrate the importance of forecast accuracy on stock levels; Compare the effectiveness of modern systems against traditional inventory models at operational level; Develop a framework for the performance monitoring of an Inventory System; Evaluate how inventory strategy may change in response to increasing service requirements, broader product ranges and greater competition; Determine how stocks can be best allocated between sites within a distribution network; and Model different network scenarios.
|General course topics||One logistics function in great detail|
|Specific course topics||
What is inventory management? Principles of inventory; Modern inventory systems; Managing inventory through a network.
|Total time commitment||100|
|Focus commodity||Any or other commodity|
|Commodities covered||Course can be tailored to participants\' context.|
|Accredited by||Chartered Institute of Logistics and Transport (UK)|
|Certificate name||Not specified|
Online coaching with self learning from simulated situations on a disk, access to tutor through email or by phone, can arrange for face-to-face sessions at an additional cost.
|Logistics Topics Coverage % (estimate)||100|
|Course fee description||
Access to a UK based coach.
|Course included in analysis||No|
Planning Master classes can be tailored to a specific context upon request