Inventory, Logistics and Expediting in Supply Chain Course Overview

For those interested in undertaking the Inventory, Logistics, and Expediting in Supply Chain course (L2M5), here are the minimum prerequisites to ensure a successful training experience:

• No Formal Entry Requirements: This course is designed as an entry-level qualification, which means there are no formal prerequisites or previous experience required.
• Basic Understanding of Business Operations: While not mandatory, having a foundational understanding of how businesses function can be beneficial.
• Interest in Procurement and Supply Chain Management: As the course targets those new to the profession or looking to move into this field, an interest in learning about Inventory Control, logistics, and supply chain processes is crucial.
• English Proficiency: Since the course material and instruction will be in English, a reasonable proficiency in understanding, speaking, and writing in English will help in comprehending and engaging with the course content effectively.

These prerequisites are designed to ensure that all participants, regardless of their prior experience, have the opportunity to successfully engage with and benefit from the course content.

Target Audience for Inventory, Logistics and Expediting in Supply Chain

The Inventory, Logistics and Expediting course is designed for those new to procurement and supply chain management, including managers and entrepreneurs.

• Entry-level professionals aspiring to start a career in supply chain or procurement
• Managers from non-supply chain fields seeking foundational knowledge
• Entrepreneurs or business owners needing an understanding of supply chain impact on business
• Professionals in logistics, inventory management, or related areas looking to enhance their skills
• Graduates and interns aiming to enter the supply chain or procurement sector
• Team leaders responsible for overseeing inventory or logistics operations
• Administrative and support staff working within supply chain departments who wish to better understand their role and impact
• Career changers looking to switch to a logistics or procurement role within various industries like manufacturing, retail, or services

Learning Objectives - What you will Learn in this Inventory, Logistics and Expediting in Supply Chain?

Introduction to the Course

This course provides foundational insights into effective inventory control, logistics management, and expediting processes within the supply chain, catering to new professionals and managers from other sectors.

Learning Objectives and Outcomes

• Identify Different Inventory Types: Understand classifications such as opening stock, work in progress, safety stock, finished goods, and redundant stock.
• Analyze Inventory Costs: Learn to identity direct and indirect inventory costs and explore strategies to optimize them.
• Master Inventory Control Techniques: Gain knowledge on re-order quantities, levels, MRP, MRPII, ERP, JIT, and forecasting methods.
• Handling and Storage Optimization: Explore effective handling, packaging, and storage techniques using automation and materials handling equipment.
• Understand Logistics Principles: Grasp the effective flow of inventory, space optimization, and reduction of lifecycle costs in warehousing.
• Evaluate Transportation Modes: Assess strengths and weaknesses of different transportation modes including road, rail, air, sea, and pipeline.
• International Logistics Understanding: Learn about Incoterms, international sourcing regulations, and related documentation.
• Expedite Procurement Processes: Develop skills to assess inventory costs, plan delivery expeditions, and manage supplier payments and cash flow.
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