(CREATIVE WRITER ONLY) LOG 301 PRODUCTION & INVENTORY

Module 4 - Home

PRODUCTION & INVENTORY

Modular Learning Outcomes

Upon successful completion of this module, the student will be able to satisfy the following outcomes:

· Case

· Explain why having either too much or not enough inventory is bad for an organization.

· Identify ways to minimize unnecessary inventory.

· Describe ways to track production to ensure appropriate amounts of inventory.

· SLP

· Identify ways to minimize unnecessary inventory.

· Explain why having either too much or not enough inventory is bad for an organization.

· TD

· Describe ways to track production to ensure appropriate amounts of inventory.

· Identify ways to minimize unnecessary inventory.

Module Overview

Welcome to module four. In this module we will be examining production and inventory control and how these two areas are interrelated. As a manager or supervisor in the logistics area you need to be keenly aware of how important it is to have the right amount of inventory available. Keeping this inventory at the appropriate level is like a balancing act....if you are caught short you lose sales, and having excess inventory costs the firm money. Finding the proper level using these decision factors is the key, but the costs associated with both lost sales and inventory carrying costs vary greatly from one organization to the next. Supply chain managers can build models for determining where best to hold inventory and in what quantities.

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