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Managing Inventories for Increased Profitability

supply-chainNote: This program can be taken as part of the Integrated Supply Chain Management program, or as a stand-alone class.

Inventory management is a science primarily about specifying the shape and percentage of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials. 

The scope of inventory management concerns the fine lines between replenishment lead time, carrying costs of inventory, asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for inventory, quality management, replenishment, returns and defective goods, and demand forecasting. Balancing these competing requirement leads to optimal inventory levels, which is an on-going process as the business needs shift and react to the wider environment.

Management of the inventories, with the primary objective of determining/controlling stock levels within the physical distribution system, functions to balance the need for product availability against the need for minimizing stock holding and handling costs. 

 

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What You Will Learn

 Course TitleDatesWhere to Register
Managing Inventories for Increased ProfitabilitySeptember 22-23, 2016Register Here
Managing Inventories for Increased ProfitabilityFebruary 23-24, 2017Register Here

* Members of the SLU Center for Supply Chain Management are able to redeem member discounts on program tuition. Please contact the center staff by calling (314) 977-3617 or emailing cscms@slu.edu to obtain your discount code.


Questions?

Please address all questions to the Center for Supply Chain Management: