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Level 5 Diploma in Logistics and Supply Chain Management

Assessing the Impact of Inventory on Supply Chain Performance

LSC502 · Procurement and Inventory Management — Week 11 of 16

CourseLSC502
Week11 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Assessing the Impact of Inventory on Supply Chain Performance

  1. Cash-to-cash conversion cycle
  2. Holding costs versus stockout penalties
  3. Supply chain resilience and excess stock write-offs
  4. Inventory turnover and overall operational agility
  5. Cash Conversion Cycle

What you will be able to do

  • 4.3 Assess the impact of inventory management on the supply chain of a business.

Activity

Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: assess the impact of inventory management on the supply chain of a business.

Study materials

Videos

  • Cash Conversion Cycle · YouTube · Edspira · 5 min · for registered students
  • Inventory Management: How to Align Company Strategy with the Right Policies? · YouTube · MIT Center for Transportation & Logistics · 44 min · for registered students

Further resources

  • Operations Management (Fanshawe), ch. 13: Inventory Management · Reading · Other, textbook chapter; PDF pp. 565–600 · for registered students
  • Operations Management (Fanshawe), ch. 7: Supply Chain Management · Reading · Other, textbook chapter; PDF pp. 285–330 · for registered students
  • Risks and Global Supply Chains: What We Know and What We Need to Know · PDF · NBER, article · 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 10Week 12
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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.

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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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