Supply Chain Management : Inventory Management

Supply Chain Management Inventory Management

Supply Chain Management. The key to success in most business areas lies in carefully balancing supply with demand. You isolate your market, determine what is needs and provide it accordingly. But this can only work if you’re able to meticulously manage inventory levels at all times. Inventory management is geared toward ensuring there is always enough stock on hand to cater to the immediate needs of the business. It is about fulfilling demand for whatever it is you offer, without stock shortages or oversupply becoming problematic. Just as efficient stock control represents a critical contributor to successful business operations, poor inventory control can be highly detrimental.

This insightful tutorial has been designed for business owners, senior managers and anyone involved in supply chain or inventory management. Explore the various types of stock, along with the principles of economic order quantity and how to effectively buffer supply and demand. Learn about uncertain demand and safety stock, the consequences of poor stock control and how to determine ideal stock levels for your business.

Supply Chain Management Inventory Management

Objectives

• Understand what is Inventory Management
• Explore how to Develop Economic Order Quantity

Programme Content

Topics:

• Buffering Supply and Demand
• Types of Stock
• Economic Order Quantity
• Uncertain Demand and Safety Stock
• Effort of Stock Control

Course Benefits:

• Full Tutor Support
• Self paced, no fixed schedules
• Available to students anywhere in the world
• 24/7 Access to the LMS ( Learning Management System )
• Easy to understand quality e-learning study materials

Course Material

All course materials are included in the course price. All your study material will be available on our learning management system for which you will get access once you are enrolled. The material can be downloaded and printed as well.

Our distance learning course materials are specially written for home study and contain a wealth of knowledge in easy to understand language. We use variety of media to help you learn. Your course may use any of the following different media which you can use from home or where ever you choose to study:

• Online course materials
• Question papers
• Additional Supporting Material
• Useful Links

Course assessment

You will be continually assessed throughout the course. Your assignment will be marked by your tutor and independently moderated. The feedback on your assignment will then be sent to you. On receipt of this, you may wish to contact your tutor to discuss the feedback.

Tutor Support

When you enrol on a course with Brentwood Open Learning College you are allocated your personal tutor. Tutor’s help and support will be available throughout your studies with the college. He/she will assess your work and will provide you with regular feedback on your progress.

Supply Chain Management Inventory Management

• Managers, supervisors and team leaders
• Confident , self motivated and passionate candidates
• Supply chain workers seeking for CPD
• Logistics managers looking to expand knowledge and skills
• Candidates looking to enhance their CVs
• Anyone interested in developing knowledge and skills

Supply Chain Management Inventory Management

No prior knowledge is required to take this course.

*Note: This is an independent unit not a complete course so does not equalize to a course. This will give you 10 CPD points to add on your CV. At the end of the unit, you can claim CPD Accredited unit by paying £35 accreditation fee and postal charges (£9 for UK students, £15 for outside UK).

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