Operations Management

• Operations management foundations.
• Operations strategy and value-added activities.
• Ten strategic operations management decisions.

Introduction to Inventory Management

• Inventory objectives and classes.
• Inventory levels and supply chain flows.
• Inventory as asset, liability, and financial impact.

Purpose and Function of Inventory

• Cycle, safety, and seasonal inventory.
• Inventory ordering, carrying, and stockout costs.
• Inventory valuation and performance measurement.

Inventory Replenishment Management

• Replenishment review periods.
• Order point, periodic review, and two-bin systems.
• Safety stock, standard deviation, and EOQ.

Additional Inventory Replenishment Techniques and Inventory Performance

• Supplier lead time uncertainty.
• Time-phased order point planning.
• ABC classification and inventory accuracy.

Lean Inventory — Theory and Practice

• JIT and lean inventory concepts.
• Waste reduction and pull systems.
• Kanban, 5S, kaizen, and employee involvement.

Introduction to Purchasing and Procurement

• Purchasing vs. procurement.
• Tactical buying and strategic sourcing.
• Purchasing cycle and procurement strategy.

Sourcing Strategies

• Strategic sourcing process.
• Make-or-buy and spend analysis.
• Supplier relationships and SRM.

Purchase Order Management

• Purchase order flow.
• MRP purchase order actions.
• VMI, purchasing methods, and e-SRM tools.

Final Assessment

• Review key concepts from the program.
• Validate understanding through a structured quiz.
• Confirm readiness to apply the learning.