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||32|
|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|
|Logistics Topics Coverage % (estimate)||100|
|Course fee description||
Includes course classroom instruction and materials. Assumes attendance of up to 12 participants.
Fee may be negotiated based on company requirements and number of participants. Quoted fee based on 12 participants per course.
|Course included in analysis||No|
This course is only offered face to face upon request by a company or organization.