This course introduces essential vocabulary and skills in identifying and applying the basic principles of inventory management. Basic methods of planning and controlling inventory in manufacturing, institutional, distribution and retail environments are covered. The questions of what to stock are addressed through an examination of current and evolving technologies of inventory management. This course introduces participants to the principles of effective planning. The course presents the concepts of planning at each level, from strategic to tactical.
Participants work together to solve problems, develop plans, build teams, and present solutions.
This course explores the execution of the production plan and master production schedule, reactions to capacity constraints, and maintenance of individual order control. This course is concerned with the design of systems to produce goods and services and the operation of those systems. It discusses relationships within the company environment, particularly with marketing and product design.