Analyze different models, technologies and tools to plan, organize and control inventory levels in the supply chain, with different demand schemes, reviewing the impact of decisions on profitability and business competitiveness.
Benefits of the program
- You will acquire a global vision of the impact of inventories in the organization and in the supply chain.
- Acquire knowledge and skills to calculate maximum and minimum inventory levels for different types of products (seasonal, technological, perishable, spare parts, etc.).
- You will be aware of the costs involved in managing and controlling inventories.
- You will acquire the ability to improve inventory levels in your company, as well as calculate security stocks to raise the level of customer service.
- You will be able to immediately apply inventory tools and policies to improve investment and inventory control in different market environments.
- You can evaluate an inventory system and propose improvements to it.
- You will develop decision making capabilities to select the best inventory planning scheme according to costs, type of demand and profitability of the business.
- You will know different tools for determining inventory levels for products with constant, dynamic and random demands.
Responsible for the following areas: inventory control, logistics, distribution, warehouses, supply chain, procurement and supply, customer service.
Content of the program
The Seminar in Inventory Management consists of a module, which totals 40 hours of study in total.
Module 1. Seminar on Advanced Inventory Management (40 hours)
- Introduction to logistics and supply chain management.
- Demand management.
- Principles of forecasts.
- Characteristics of the demand.
- Forecast models.
- Error measurements of forecasts (MAD, MSE, MAPE).
- Basic principles of inventory management.
- Performance indicators in inventory management systems.
- The ABC classification.
- Relevant costs in inventory management.
- Determination of inventory policies (maximum and minimum) in products with demands with low variability.
- Application of volume discounts.