Inventory Management & Forecasting

This course prepares participants to combat the challenges of inventory optimization with the focus with Inventory optimization which is often on analytics. Firm’s need to overcome distributed data and inventory, navigate a complex network of locations and bills of materials (BOMs), and manage the configuration of thousands of parts.

Understanding the basics of inventory control and management operations and the role of inventory management within an organization’s overall supply chain. The course includes presentations of the key elements of inventory control and management including inventory cost components, types and uses of inventory, planning inventory levels, maintaining inventory accuracy, and metrics and roles associated with inventory management.