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World-Class Inventory Planning and Management
| Program ID: LOG 2010P Program type: Short Courses (weekday), Online e-course CEUs: 2.45 |
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Course DescriptionRecognition of the critical role of inventory in supply chain management has launched a variety of industry-wide inventory reduction initiatives. Despite all these initiatives to reduce inventory in the supply chain, inventory levels for most companies have remained the same or increased. This includes legitimate, value-added forms of inventory. Participants in this course will learn the principles of managing these inventories to simultaneously increase fill rates and inventory turns. Course material will also include inventory terms and notations, inventory management performance measures, inventory activity profiling and data mining, forecasting best practices and systems, order quantity engineering, replenishment schemes, fill rate and safety stock optimization, procurement and purchasing, deployment strategies, inventory organization requirements, and inventory management system alternatives. At the core of World-Class Inventory Planning & ManagementSM is Dr. Frazelle's RightStockTM model for inventory optimization, part of LRI's RightChainTM supply chain logistics model. The RightStockTM model, toolkit, and project initiatives are responsible for hundreds of millions of dollars in inventory reductions. They also serve as the basis for inventory planning in nearly every major industry throughout the world. Typical results include 15% to 30% increase in the financial performance of inventory, 10% to 25% fewer SKUs, and significant increases in overall fill rate. Included in the course is a tour of American Honda Motor Co. Service Parts Distribution Center. OutlineRightStockTM: The Role of Inventory Management in Logistics and Business
Inventory Management Facts and Fundamentals
RightViewsTM: Inventory Activity Profiling and Data Mining
RightScoresTM: Inventory Performance, Cost and Value Measures
RightCastTM: Forecasting Tips, Tricks, Techniques, and Technology
RightLotsTM: Lot Size Optimization
RightFillTM: Safety Stock Optimization and Fill Rate Planning
RightPlanTM: Inventory Control Policies
RightPlaceTM: Inventory Deployment Optimization
Every effort is made to present the course as advertised herein; however, circumstances may make it necessary to alter the schedule and/or presenters. For more information, please contact Georgia Tech Supply Chain & Logistics Institute at (404) 894-2343. Program DirectorDr. Frazelle's achievements have been recognized by the Council of Supply Chain Management Professionals, the Warehousing Education and Research Council, the Material Handling Institute, and the Institute of Industrial Engineers. He was recently named Georgia Tech's Outstanding Professional Educator, and is a former president of the International Material Management Society and member of the board of directors for the Warehousing Education & Research Council.
Supply Chain Management SeriesThe Supply Chain Management Series (SCMS) are proven, practical, interactive, and dynamic seminars objectively presenting best practices and tools for maximizing financial, service, and quality performance across the entire supply chain. They have been presented since 1991 to more than 10,000 professionals throughout the world. The series includes four courses developed and taught by Dr. Ed Frazelle.At the core of each course is Dr. Frazelle's RightChain™ model for supply chain logistics. RightChain™ projects have yielded more than $2 billion in bottom line impact to date. The RightChain™ model has been adopted as the supply chain management model by many major corporations in a variety of industries around the world. Typical projects have a bottom line impact ranging from 1% to 5% of sales, inventory reductions between 20% and 40%, and 20% to 50% improvement in perfect order percentage. SCMS courses are offered live, on-site, and online. Overall Series Benefits
Supply Chain Management Series Approach to Education The four courses in the series are designed for professionals and managers across the entire supply chain (procurement, manufacturing, distribution, transportation, warehousing, and retail) who need university-based education and credentials to prepare them for increasing responsibilities in logistics and supply chain management. Program FeeFor on-campus courses, the program fee includes continental breakfasts, lunches, breaks, and all classroom materials. For online courses, the program fee includes online access to the course website for twelve months. Checks made payable to Georgia Tech are accepted for payment, as well as VISA, MasterCard, American Express, or Discover cards. Note that your credit card will be charged as soon as your registration is received. Registrants should make payment arrangements prior to the start of the program. Advance payment arrangements are required to guarantee your place in the program. If a program registrant must cancel, a substitution or transfer to another program can be made.If the Georgia Tech Supply Chain & Logistics Institute must cancel a program, registrants will receive a full refund. Georgia Tech, however, cannot assume the responsibility for other costs incurred. Due to program enrollment limits, early registration is encouraged. Registrations will be acknowledged by a letter of confirmation from Professional Education.
DiscountIf you have attended a SCL program before or are a member of CSCMP, the discounted course fee is $3,575. Members of INFORMS, NASSTRAC, AST&L, and the Atlanta Logistics Innovation Council may also receive the discounted rate of $3,575 for this course.
Certificate ProgramClick here for details about the Supply Chain & Logistics Certificate program.
On-Site ProgramsDo you have 10 or more employees in need of training? If so, contact Tammy Artosky at tammy.artosky@isye.gatech.edu or 404-894-1713 for more information on:
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World-Class Transportation and Distribution recommended |
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Related documentsDownload Course Brochure (PDF file) |
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Related linksSupply Chain & Logistics InstituteSupply Chain & Logistics Certificate Supply Chain & Logistics Catalog (PDF file) |
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