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Level 5 Diploma in Logistics and Supply Chain Management

Supply Chain Factors Influencing Inventory Management

LSC502 · Procurement and Inventory Management — Week 10 of 16

CourseLSC502
Week10 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Supply Chain Factors Influencing Inventory Management

  1. Demand volatility and forecasting accuracy
  2. The bullwhip effect
  3. Lead-time variability in global freight
  4. Supplier reliability and production constraints
  5. Forecasting and Inventory Management - SC1x Live with Sina Golara
  6. Inventory Management in Supply Chain
  7. Mod-05 Lec-21 Safety stock -- ROL for normal distribution of lead time demand

What you will be able to do

  • 4.2 Explain how the supply chain affects inventory management.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain how the supply chain affects inventory management.

Study materials

Videos

  • Forecasting and Inventory Management - SC1x Live with Sina Golara · YouTube · MIT Center for Transportation & Logistics · 54 min · for registered students
  • Inventory challenges in omnichannel retail with Drs. Sina Golara and Eva Ponce · YouTube · MIT Center for Transportation & Logistics · 64 min · for registered students
  • Demand Forecasting in Publishing · 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
  • Introduction to Logistics, ch. 7: Global Logistics Planning and Management · Reading · Other, textbook chapter; PDF pp. 131–136 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 9Week 11
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
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