Procurement and Inventory Management

Contents

Unit 1

  1. Basic inventory planning and management
  2. Introduction
  3. The need to hold stocks
  4. Types of stockholding/inventory
  5. Stockholding policy implications for other logistics functions
  6. Inventory costs
  7. Reasons for rising inventory costs
  8. Inventory replenishment systems
  9. The reorder point and safety stock
  10. The bullwhip effect
  11. The economic order quantity
  12. Demand forecasting
  13. Summary

Unit 2

  1. Inventory and the supply chain
  2. Introduction
  3. Problems with traditional approaches to inventory planning
  4. Different inventory requirements and the ‘decoupling point’
  5. The lead-time gap
  6. Inventory and time
  7. Analysing time and inventory
  8. Inventory planning for manufacturing
  9. Inventory planning for retailing
  10. Summary

Unit 3

  1. Procurement and supply
  2. Introduction
  3. The procurement cycle
  4. The scope of procurement
  5. Setting the procurement objectives
  6. Managing the suppliers
  7. Expediting
  8. Procurement performance measures
  9. Collaborative planning, forecasting and replenishment
  10. Factory gate pricing
  11. E-procurement Corruption
  12. Summary

 

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