Planning and Managing Inventories in a Supply Chain
- Managing economies of scale in a supply chain: cycle inventory
- Managing uncertainty in a supply chain: safety inventory
- Determining the optimal level of product availability
Chief operations officers
- Supply chain and operations directors, managers, executives, officers and staff
- Professional managers in trade and industry, active in logistics or supply chain management, who are interested in opportunities for improving the effectiveness and efficiency of the logistics and supply function of their organisations.
- Those who are interested in logistics and supply chain management in its broadest sense.
Upon completion of this course, you will be able to understand:
- How to balance the appropriate costs to choose the optimal lot size and cycle inventory in a supply chain.
- The impact of quantity discounts on lot size and cycle inventory.
- How to devise the appropriate discounting schemes for a supply chain.
- The impact of trade promotions on lot size and cycle inventory.
- The managerial levers that reduce lot size and cycle inventory in a supply chain without increasing cost.
- The different measures of product availability.
- The role of safety inventory in a supply chain.
- The factors that influence the required level of safety inventory.
- How to use available managerial levers to lower safety inventory without hurting product availability.
- The factors affecting the optimal level of product availability and evaluate the optimal cycle service level.
- How to use managerial levers that improve supply chain profitability.
- The conditions under which postponement is valuable in a supply chain.
- How to allocate limited supply capacity among multiple products to maximise expected profits.
£530 + VAT