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What you'll be able to do (official learning outcomes)
explain the purposes of inventory in logistics and supply chain management
describe the methods of positioning inventory in the supply chain nodes
measure the costs of inventory across the supply chain nodes
discuss the roles of inventory in a volatile uncertain complex and ambiguous (VUCA) business environment
distinguish relationships between supply chain visibility and inventory costs reduction; and
review key measures of inventory performance
Course contents
Concept of Inventory. An examination of the different types of Inventories and their purposes within the Supply Chain. Inventory control methodologies and techniques, including segmentation techniques such as ABC classification, multi-criteria segmentation.
Source: the Nigerian Universities Commission (NUC) Core Curriculum and Minimum Academic Standards (CCMAS). StudyOps loads this syllabus automatically when you study LSM 204.