Description

This course provides an introduction to the basics of inventory management and aims to give all students a functional knowledge and understanding of inventory management, control principles, roles, responsibilities, and techniques. Furthermore, inventory management is a key strategic enabler in a company's ability to design their manufacturing process, deliver to customer expectations and minimize overall costs. By using these techniques, the company will gain better understanding across inventory management fundamentals, ordering techniques, replenishment policies, purchasing management and inventory performance measurements.

Program

MBA

Objectives

• By the end of the course, students will be able to:  Comprehend the goals and objectives of inventory management.  Understand the tools and techniques of inventory management.  Manage and control inventory accuracy.  Identify how to reduce stocks successfully.  Optimize inventory levels to support customer expectations.  Understand and implement the zero-inventory philosophy.