Inventory is everywhere; you can find inventory in your refrigerator, pantry, and on the
shelves of grocery stores. Yet there's also more "invisible" inventory in delivery trucks,
shipping containers, and distribution centers. Managing inventory along the supply chain can
be complicated. For businesses, keeping the right amount of inventory in supply chains is
critical for maximizing profit.
In this course, you will discover how to determine the optimal inventory level for a supply chain location. First, you will explore the trade-off between inventory and customer service. You will then examine how to assess the cost performance of a single supply chain location and the trade-off between inventory holding and shipping costs. You will also determine the cost performance of a network of supply chain locations. Finally, you will discuss improving the supply chain cost performance by inventory pooling.
The following course is required to be completed before taking this course:
- Forecasting Supply Chain Demand