Inventory Management for Larger Organizations

In manufacturing and distribution businesses the ability to manage inventory in line with corporate goals is of paramount importance. Inability to do so leads to inadequate or excess stocks as well as increased warehousing charges.

The first step is to understand the different types and uses of inventory

From this the course explores ways of planning to meet business needs over the planning horizon.

Different types of business environments such as manufacturing, distribution and retail are also explored.

The question of uncertainty is looked at as well as differing way of managing risk.

At all stages students are encouraged to link the coursework with their business environment and the final module challenges students to plan changes that they can implement which will benefit their organization.

A review of this project is carried out one month after the course.