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Course Description

Keeping the "right" amount of a product in stock is a balancing act. On one hand, there's a cost associated with keeping more product in stock than you can move; on the other hand, there's the cost of not being able to meet your customers' immediate needs. Certain service-level metrics can help you find the balancing point. In this lesson, you will investigate the drivers of inventory strategy and identify two important service-level metrics. You will contrast the inventory strategies used to manage products with different life cycles. Finally, you will see how to calculate service-level metrics to determine how likely your organization is to fulfill a customer request or need for a given product.

Benefits to the Learner

  • Investigate the drivers of inventory strategy
  • Calculate service-level metrics to determine how likely an organization is to fulfill a customer's request
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Type
self-paced (non-instructor led)
Dates
Nov 23, 2020 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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