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.
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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!Start Course Now
Strategic Performance Improvement
Strategic Performance Improvement– Learning Outcomes
Performance of the Entire Supply Chain
Data Envelopment Analysis
Strategic Performance Improvement – Lesson Summary
Inventory Analytics – Learning Outcomes
Concepts in Inventory Management
Simultaneous Production and Consumption Model
Multiple Items Inventory Models
Constraint on Space and Number of Orders
Inventory Analytics – Lesson Summary
Review Systems – Learning Outcomes
Safety Stock and Reorder Level
Continuous Review System
Periodic Review System
Review Systems – Lesson Summary
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
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