Supply chain management: inventory management and control

good inventory management is essential to all business operations; having the right stock available whilst minimizing costs and risk is the fundamental factor that impact your business’s success. Getting a strong control and continuously improving your business operations is essential to remain competitive, improving profitability, customer experience and satisfaction, reducing costs, and improving delivery.With a solid grasp of inventory, operations manager, can confidently competent, improve and develop his business, the processes, systems, and teams that make it successful.This course educates and empowers you to achieve a real difference. Bring your career, and your business performance, to the highest levels.This course is designed for aspiring operations manager, the ambitious procurement professionals, the striving logistics supervisors, production planners and the practical business optimization analysts.By the end of this course the participants will be able to:· Know the principles and purpose on inventory management and control.· Understand the costs associated with inventory management.· Be knowledgeable in Inventory verification and valuation methods.· Understand the different approaches for effective management of dependent demand and independent demand inventories and when to apply them.· Know the fundamentals of warehousing and stock handling.· Understand the organizational structure and functional responsibilities in inventory and warehousing.· Know how to measure and improve inventory management performance.· Understand the different types of inventories and importance of inventory to organizations.