Inventory Management Overview ..............................................................................................

Session Learning Objectives ......................................................................................................

Inventory Definitions ..................................................................................................................

Functions of inventory ................................................................................................................

Strategic Inventory Management Process ...............................................................................

Characteristics of inventory in the Distribution Channel .........................................................

Channel Inventory and Demand Flows .....................................................................................

Inventory Replenishment Components.....................................................................................

Ordering Techniques – When to Order .....................................................................................

Order Point – Basic Model and Order Point Trigger.................................................................

Order Point – Potential of Demand Variation and Safety Stock..............................................

Calculating the Safety Stock ......................................................................................................

Determining the Order Quantity ................................................................................................

Order and Inventory Carrying Cost Components......................................................................

Determining the Optimal Order Quantity ..................................................................................

EOQ Calculation ..........................................................................................................................

Maximum and Minimum Ordering .............................................................................................

Replenishment Planning Process ..............................................................................................

Review, Terms, Discussion Questions, Exercises.....................................................................

Terms Check ...............................................................................................................................

Performance Check – Answers and Test Documents..............................................................

Discussion Questions .................................................................................................................

Case Study ..................................................................................................................................

Suggested Additional Readings .................................................................................................