Course Outline

Module 1: Advanced Inventory Management Concepts

• Key principles of advanced inventory management.
• Techniques for optimizing inventory levels.
• Inventory turnover and carrying cost analysis.
• Case Study/Practical: Analyzing inventory data to optimize levels.

Module 2: Inventory Optimization Techniques

• Techniques for inventory optimization (e.g., ABC analysis, EOQ).
• Tools and methodologies for inventory control.
• Implementing optimization strategies.
• Case Study/Practical: Developing an inventory optimization plan.

Module 3: Technology and Tools for Inventory Management

• Overview of advanced inventory management tools and technologies.
• Using software and systems for inventory control.
• Integrating technology into inventory management practices.
• Case Study/Practical: Implementing an inventory management software system.

Module 4: Managing Inventory in a Supply Chain

• Techniques for managing inventory across the supply chain.
• Coordinating inventory levels with supply chain partners.
• Strategies for improving supply chain inventory efficiency.
• Case Study/Practical: Developing a coordinated inventory plan for a supply chain network.

Module 5: Measuring and Improving Inventory Performance

• Key performance indicators (KPIs) for inventory management.
• Techniques for measuring and improving inventory performance.
• Continuous improvement strategies in inventory management.
• Case Study/Practical: Developing a performance improvement plan for inventory management.