Supply Chain Management for Small Businesses Workshop 1 Part B

Wed 10:00 AM to 12:00 PM
Topic: Managing a Business

To attend this workshop, you must attend part A first, hosted September 15, 2021

Inventory management refers to the process of ordering, storing, and using a company's inventory. This includes the management of raw materials, components, and finished products, as well as warehousing and processing such items. This session will help: - 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

Fee: No Cost

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