Strong operational performance depends on shrewd inventory management decisions, and there are several individual considerations that go into selecting and implementing an overall plan that will work for an organization. In this course, you will explore two classic models for managing inventory and consider how choosing the appropriate model can vary depending on the goals and needs of the organization. You will apply your understanding of these concepts to build a decision-making tool and apply it to real-world business decisions.

You are required to have completed the following courses or have equivalent experience before taking this course:

• Process Performance
• Queueing Analysis