Loading...

Course Description

Inventory is everywhere; you can find inventory in your refrigerator, pantry, and on the shelves of grocery stores. Yet there's also more "invisible" inventory in delivery trucks, shipping containers, and distribution centers. Managing inventory along the supply chain can be complicated. For businesses, keeping the right amount of inventory in supply chains is critical for maximizing profit.

In this course, you will discover how to determine the optimal inventory level for a supply chain location. First, you will explore the trade-off between inventory and customer service. You will then examine how to assess the cost performance of a single supply chain location and the trade-off between inventory holding and shipping costs. You will also determine the cost performance of a network of supply chain locations. Finally, you will discuss improving the supply chain cost performance by inventory pooling.

The following course is required to be completed before taking this course:

  • Forecasting Supply Chain Demand

Faculty Author

Li Chen

Benefits to the Learner

  • Determine the optimal inventory level for replenishment
  • Assess the cost performance of both a single supply chain location and across multiple supply chain locations
  • Improve supply chain performance by reconfiguration

Target Audience

  • Individuals seeking to increase skills in supply chain strategy
  • Operations analysts
  • Market analysts for consumer and industrial products
  • Consultants seeking supply chain knowledge

Applies Towards the Following Certificates

Loading...
Enroll Now - Select a section to enroll in
Type
2 week
Dates
Aug 14, 2024 to Aug 27, 2024
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Section Notes

IMPORTANT COURSE INFORMATION

  • Please note that the content in the Supply Chain Analytics course curriculum was developed to be completed in sequential order as course concepts build throughout the program. With this in mind, please be sure you are scheduled to complete or have completed the courses in order. For example, JCB551 prior to JCB552, JCB552 prior to JCB553, etc.
Type
2 week
Dates
Oct 23, 2024 to Nov 05, 2024
Total Number of Hours
14.0
Course Fee(s)
Contract Fee $100.00
Section Notes

IMPORTANT COURSE INFORMATION

  • Please note that the content in the Supply Chain Analytics course curriculum was developed to be completed in sequential order as course concepts build throughout the program. With this in mind, please be sure you are scheduled to complete or have completed the courses in order. For example, JCB551 prior to JCB552, JCB552 prior to JCB553, etc.
Required fields are indicated by .