(eCornell) Inventory Management
Training Provider: GENASHTIM
Course Reference: TGS-2023038372
S$700
About This Course
In this course, you will explore the drivers of inventory strategy and compare product life cycles. You will practice using the appropriate models and approaches to match levels of inventory with demand in a way that maximizes profit, and you will determine the optimal policies to manage two types of inventory in a given scenario. Finally, you will recommend strategies to improve operations management in your organization based on the principles of the Toyota Production System.
What You'll Learn
Calculate service-level metrics to determine how likely an organization is to fulfill a customer request
Use the Newsvendor Model to match levels of inventory with demand in a way that maximizes profit for short life cycle products
Use the EOQ Model to match levels of inventory with demand in a way that maximizes profit for long life cycle products
Recommend TPS-derived strategies to improve operations management in your organization
Use the Newsvendor Model to match levels of inventory with demand in a way that maximizes profit for short life cycle products
Use the EOQ Model to match levels of inventory with demand in a way that maximizes profit for long life cycle products
Recommend TPS-derived strategies to improve operations management in your organization
Course Details
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Note: To apply for this course, visit the SkillsFuture website or contact the training provider directly.
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