Introduction to Inventory Management
For most organizations, inventory is one of the more visible and tangible aspects of doing business. Beginning with the management of suppliers delivering raw materials to goods in various levels of completion in the production process to management and delivery of finished goods in the distributions channel, each type represents money tied up until the inventory becomes purchased products. The workshop provides a broad overview of basic concepts and good inventory management strategies.
Workshop Objectives
· Provide a basic description of the functions of inventory management
· Define various methods of inventory management
· Discuss real world applications of inventory management
Workshop Topics
· Inventory Management Systems
· Costs Associated with Inventory Systems
· Quantitative Methods of Inventory Management
· Material Requirements Planning