Inventory Management

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Inventory management is critical to the overall success of the supply chain. Therefore, it is important that all supply chain professionals have at least a basic understanding of the role, cost, and benefit of inventories. This track provides students with an understanding of the basics of inventory management and control, so they can be effective contributors to the inventory-related aspects of their roles in supply chain management domains.

Key elements of this track include: the importance and use of inventory in the supply chain, introduction to the different types of inventory, techniques for effectively managing and controlling inventory levels, the relationship between forecasting and inventory management, and financial impacts of inventory investments.