Gaining Efficiency: Inventory Management
Duration10'
No. of mini-lessons5
ResourcesInfographic
Duration 10'
No. of mini-lessons 5
Resources Infographic
Course overview
Inventory management is the unsung hero of supply chains. It plays a pivotal role in finding the sweet spot between meeting customer demand and steering clear of surplus. Essentially, it revolves around supervising the procurement, storage, and distribution of goods to maximize efficiency and profitability. It’s definitely a balancing act. And one that demands appropriate tools and strategies, like the ones outlined in this course.
Ultimately, successful inventory management requires your employees to understand the best strategies for different situations. For one situation, the “Just in time” approach might be best, so that the business only receives goods when necessary. In another situation, it might be better to prioritize accurate inventory forecasting to prevent stock shortages. By understanding the benefits of various strategies, your employees will find a balance that improves efficiency, cuts costs, and strengthens overall supply-chain resilience.
What's covered
Defining the role of “inventory management” in a supply chain
Explaining common categories of an inventory account
Applying inventory-management strategies
Why your teams need this course
This course is an essential resource for anyone involved in supply-chain inventory management. It looks in detail at what the role involves and explores key areas within the field. It provides practical tools and strategies, along with valuable resources to address real-world inventory challenges. In a world prioritizing efficiency, cost reduction, and supply-chain resilience, this course is invaluable for anyone wanting to enhance their expertise in the field.
