Business and technology qualifications, Levels 3-6, in Brussels. Explore qualifications
Portal login
Level 5 Diploma in Logistics and Supply Chain Management

Strategic Value and Role of Inventory in Supply Chains

LSC502 · Procurement and Inventory Management — Week 9 of 16

CourseLSC502
Week9 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Strategic Value and Role of Inventory in Supply Chains

  1. Working capital optimization and carrying costs
  2. Buffer and decoupling functions
  3. Customer service levels and fill rates
  4. Inventory positioning across multi-echelon networks
  5. Multi echelon Inventory Management
  6. Inventory Costs
  7. Managing Stock Control

What you will be able to do

  • 3.4 Discuss the importance of inventory management to a business and its supply chain.
  • 4.1 Explain how inventory management forms part of the supply chain.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: discuss the importance of inventory management to a business and its supply chain.

Study materials

Videos

  • Managing Stock Control · YouTube · Galton College · 46 min · for registered students
  • Improving Inventory Availability in a Volatile Supply Chain · YouTube · MIT Center for Transportation & Logistics · 61 min · for registered students
  • Supply chain network design and inventory management for cost-efficient, in-time, perfect deliveries · YouTube · MIT Center for Transportation & Logistics · 50 min · for registered students

Further resources

  • Operations Management (Fanshawe), ch. 13: Inventory Management · Reading · Other, textbook chapter; PDF pp. 565–600 · for registered students
  • Principles of Marketing, ch. 9: Using Supply Chains to Create Value for Customers · PDF · Saylor Academy, textbook chapter; pp. 275–304 · for registered students
  • Principles of Finance 2e, ch. 19: The Importance of Trade Credit and Working Capital in Planning · PDF · OpenStax, textbook chapter; pp. 567–598 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
MidtermWeek 10
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Foundations of Procurement and Purchasing
  • Week 2: Procurement Methods and Sourcing Strategies
  • Week 3: The End-to-End Procurement Process
  • Week 4: Procurement Management within the Supply Chain Context
  • Week 5: Strategic and Operational Impact of Procurement on Logistics
  • Week 6: Inventory Management and Inventory Control Fundamentals
  • Week 7: Inventory Management Methods and Replenishment Models
  • Midterm: Midterm evaluation
  • Week 9: Strategic Value and Role of Inventory in Supply Chains
  • Week 10: Supply Chain Factors Influencing Inventory Management
  • Week 11: Assessing the Impact of Inventory on Supply Chain Performan…
  • Week 12: Applying Procurement and Inventory Management in practice: …
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
Back to the course
Scroll