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Advanced SCM - Logistics Management

TC29: INVENTORY MANAGEMENT

Content:

1. What is a standard definition of inventory?

2. Types of inventory

3. Role and importance of inventory: The 2 sides of inventory in impact on business performance.

4. What causes leading to active inventory (storage) and passive inventory (unintended inventory)?

5. Inventory costs: Concepts, types of costs and swaps of inventory costs.

6. Effective inventory management practices.

7. Inventory control:

8. Some solutions to minimize inventory in the supply chain of businesses:

8.1 Using forecasting tools:

8.2 Inventory due to the effect of "Whip – Bullwhip" in SC and processing methods.

8.3. Reduce inventory through postponed supply chain application.

8.4 Reducing inventory through strategic purchasing links and VMI-Vendor Inventory Management.

8.5 Reduce inventory through IT application.

9. Effective handling of inventory.

 

 Fee: 1,800,000VND/person


    

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