Inventory Planning and Management (3 Day)

Course Description

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 is good for customer service while minimizing the inventory resulting from poor supply chain management.

Course ID: LOG 3110R
Course Format: Classroom

Available Classroom Sections

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CRN Start date End date Format Location Cost
17401 Mar 15, 2017 Mar 17, 2017 Classroom Atlanta, GA $3,000

Special Discounts

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
  • 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

Content

  • Inventory fundamentals
  • Information requirements for inventory
  • Inventory replenishment
  • Inventory positioning and determining what to stock
  • Inventory rationalization
  • Forecasting and demand sensing
  • Forecasting and inventory management technology
  • Improving inventory performance
  • Inventory planning trends and innovation

Materials

Required

  • Students should bring a laptop for use in class

For Course-Related Questions

Please contact the course administrator: Tim Brown