Course Details

This course introduces principles, models, and techniques for planning, analysis, and control of inventory systems. Topics include deterministic and stochastic inventory models, their analysis and applications in manufacturing and retail industries. The limitations and usefulness of these models in actual practice is addressed.

Inventory training plays pivotal role in training employees in inventory management which is crucial in growth and survival of the organization. Lack of efficient and ineffective inventory management will result in losing the customers, sales decline, production delays and other long term negative effects. Poor management will seriously undermine the business.