This is the second of a 4-part series of webinars on Supply Chain Management designed for the small business owner. Note: To receive the full benefit of the material, one should attend all sessions, but that is not required.
Workshop 2: : Purpose and Function of Inventory
In this session, we will:
• Explain why companies carry inventory
• Define the five functions of inventory and describe their use
• Describe the purpose of decoupling inventories
• Detail the components of inventory decision making
• Advanced Topics
• Use a simple formula to estimate inventory throughput
• Define the elements of inventory cost
• Understand and calculate inventory carrying costs
• Define the elements of manufacturing and purchasing costs
INSTRUCTOR: St. Claire Gerald (APICS Master Instructor, CSCP) is Principal Consultant for Harambee Logistics Solutions, specializing in Global Supply Chain certification and Supply Chain Management
Fee: No Cost