Introduction to Performance and Review | Free Online Course | Alison
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An Introduction to Performance and Review Systems in the Supply Chain Network

In this free online course, you will learn about Strategic Performance Measurement and Inventory Management.

Supply Chain Management
Free Course
This free online course discusses the Strategic Performance Measurement for improving the efficiency of a warehouse and the functions of various review systems in the context of Inventory Management. You will learn about the procedure for measuring the performance of a warehouse and how Inventory Modelling helps in dealing with the constraints on space, planned shortages with backorders and lost sales.
  • Duration

    5-6 Hours
  • Assessment

    Yes
  • Certification

    Yes
  • Responsive

    Yes
  • Publisher

    NPTEL
  • Accreditation

    CPD

Description

Modules

Outcome

Certification

View course modules

Description

This free online course introduces you to the Strategic Performance Measurement and Inventory Management in the context of a Supply Chain. You will learn about the procedure for measuring the performance of a warehouse, various input and output operations in a warehouse and the role of DEA,CRS and VRS models in improving performance of a warehouse. This course is arranged systematically and presented clearly so you will easily be able to understand the given concepts.

Next, the course will cover the different terminologies used in Inventory Management and the need for Inventory Management in the Supply Chain. You will be shown how Inventory Modelling helps in dealing with the constraints on space, planned shortages with backorders and lost sales. The course gives emphasis on the functions of various review systems in the context of Inventory Management.

Finally, you will learn about the tracking procedure of the inventory and how to determine the fixed interval reorder point for reviewing the inventory. An Introduction to Performance and Review Systems in the Supply Chain Network Cert course discusses the Strategic Performance Measurement and Inventory Management in the context of a Supply Chain and will interest students studying management, industrial and systems engineering, mechanical engineering, and related disciplines or those who have an interest in these topics. So, sign up for this course and start learning today!

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Learning Outcomes

By the end of this course, you will be able to:
Define what performance is in the context of productivity
Explain the procedure for measuring the performance of a warehouse
Identify the various input and output operations in a warehouse
Outline the concept of data envelopment and analysis in measuring performance
Describe the role of CRS and VRS models in improving the performance of a warehouse
Define what inventory is in the context of a supply chain
Recognize the need for inventory management in a supply chain
Describe how inventory modelling helps in overcoming constraints in space
Explain the tracking procedure of the inventory based on a continuous review system
Describe how to determine the reorder point when both lead time and demand are varying
Identify the effects of demand uncertainty in inventory management
Outline how to determine the fixed interval reorder point for reviewing the inventory

Certification

All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate is:

Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Certificates for completed Certificate courses:

Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping

All Certificates are available to purchase through the Alison Shop. For more information on purchasing Alison Certificates, please visit our FAQs. If you decide not to purchase your Alison Certificate, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certificate pricing, please visit our Pricing Page.

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