Supply chain management and logistics encompasses all the activities involved in getting products to consumers, including planning, storing, moving and accounting for inventory. Inventory availability is the most important aspect of customer service, and the cost of inventory is one of the most important entries on a company’s balance sheet.
Recognition of the balance sheet implications of inventory in supply chain management has launched a variety of industry-wide inventory reduction initiatives. Despite all these initiatives to reduce inventory in the supply chain, inventory levels for most companies have remained the same or increased. This course is focused on understanding how to efficiently provide the inventory necessary for good customer service while minimizing the inventory resulting from poor supply chain management.
Included in the course is the use of hands-on supply chain simulation games – where students are broken into teams that compete on simulated supply chain scenarios where decisions must be made. The simulations help students to understand the interdependencies across the supply chain, the importance of effective planning, and the role of data visibility.
There are discounts available for this course. Please use one of the coupon codes below at checkout. Note: Only one coupon code can be used per shopping cart.
Alumni: If you are a returning student of the Supply Chain & Logistics Institute (SCL) courses or you are an alumni of the GT EMIL or MSSCE programs, you can receive 10% off of any LOG course – Use coupon code SCL-Alum
Member Organization: Members of certain organizations can receive 10% off of any LOG course (for information on member organizations visit: www.scl.gatech.edu/orgdiscount) – Use coupon code SCL-Org
Certificate Participants: To receive a certificate course price of 17% off per course, you must enroll and pay for all courses required to earn a certificate – Use coupon code SCL-Cert
Who Should Attend
Executives and managers responsible for supply chain and logistics, supply chain management professionals, supply chain engineers and analysts, inventory planners and analysts, manufacturing and process engineers, industrial engineers and systems analysts, production and warehouse supervisors and team leaders, supply chain and logistics consultants, purchasing managers, and transportation managers and engineers
How You Will Benefit
Understand the use of inventory throughout the supply chain.
Develop inventory strategies to support business strategies.
Analyze tradeoffs between inventory costs and customer service levels.
Determine how to measure and improve inventory performance.
Understand and manage variability that impacts inventory.
Evaluate how to tradeoff transportation and inventory costs.
Determine how to optimize inventory levels to meet service requirements.
Understand the basics of inventory and forecasting technology.
Information requirements for inventory
Inventory positioning and determining what to stock
Forecasting and demand sensing
Forecasting and inventory management technology
Improving inventory performance
Inventory planning trends and innovation
Laptop computer for use in class
For Course-Related Questions
Please contact the course administrator: Tim Brown
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