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

Inventory Functions and Classifications

LSC606 · Supply Chain Planning and Control — Week 6 of 16

CourseLSC606
Week6 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Inventory Functions and Classifications

  1. Role of inventory across the supply network
  2. Cycle, safety, and decoupling stock
  3. Pipeline inventory in global networks
  4. Holding versus ordering cost trade-offs
  5. Lec 16- Inventory Planning and control
  6. Inventory Management in Supply Chain
  7. Risk and Cost of Holding Inventory

What you will be able to do

  • 3.1 Explain the role of inventory and types of inventories in supply chain planning and control in business management.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain the role of inventory and types of inventories in supply chain planning and control in business management.

Study materials

Videos

  • ABC Analysis Explained — Inventory Classification & Control Strategy · YouTube · Operations & Supply Chain Management University · 16 min · for registered students
  • What is EOQ vs EPQ + ABC Analysis, Vendor Managed Inventory, and JIT · YouTube · Dr. Haywood · 15 min · for registered students
  • ABC XYZ Analysis Explained | Inventory Management Made Simple · YouTube · The Procurement Lens · 8 min · for registered students
  • ABC Analysis Explained | Inventory Classification, Logic & Practical Uses · YouTube · SITMI Academy ! · 9 min · for registered students

Further resources

  • Operations Management (Fanshawe), ch. 13: Inventory Management · Reading · Other, textbook chapter; PDF pp. 565–600 · for registered students
  • MIT OCW ESD.260J Logistics Systems (Fall 2006), Inventory management I: EOQ · PDF · MIT OpenCourseWare, slides · for registered students
  • MIT OCW ESD.260J Logistics Systems (Fall 2006), Inventory management IV: probabilistic demand, safety stock · PDF · MIT OpenCourseWare, slides · 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 5Week 7
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 Supply Chain Planning and Control
  • Week 2: Core Elements of Planning and Control Systems
  • Week 3: System Capacity Determination
  • Week 4: Strategic Capacity Management
  • Week 5: Capacity Decisions for Competitive Advantage
  • Week 6: Inventory Functions and Classifications
  • Week 7: Inventory Management Approaches
  • Midterm: Midterm evaluation
  • Week 9: Lean and Pull-Based Inventory Control
  • Week 10: Master Production Schedule Techniques
  • Week 11: Bills of Materials and System Integration
  • Week 12: Applying Supply Chain Planning and Control in practice: cas…
  • 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