Procurement and Inventory Management

The interface between supply chains and the value chain in a product is created by purchasing and inventory management. Supply chain is managed by purchasing and inventory management. In the WM9F1-15 Procurement and Inventory Management course, students will focus on managing the control systems and processes of the inbound supply chain. Students studying this course will focus on the value of collaboration and streamlining information, procurement processes and strategies, financial flows in supply chains, risk pooling and multi-stage inventory control systems, supplier relationship management, and primary methods of analysis. In this course, students are taught to evaluate the processes, strategies, technical systems, concepts and methods in procurement and inventory management. In the course the student will become familiar with networked and multistage inventory control systems.

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