Based on Dr. Frazelle's best selling Inventory Strategy book, the course teaches seven proven steps to optimizing the financial and service performance of inventory - SKU optimization, forecast optimization, leadtime optimization, lot size optimization, deployment optimization, visibility optimization, and inventory carrying rate optimization. 

1. INTRODUCTION
1.1 What is an inventory strategy?
1.2 Wrong Chain = Wrong Inventory
1.3 Jumping the Gun

2. FINANCIAL PERFORMANCE MEASURES FOR INVENTORY
2.1 Average Inventory Value
2.2 Inventory Carrying Cost
2.3 Lost Sales Cost
2.4 Inventory Policy Cost™
2.5 Gross Margin Return on Inventory
2.6 Inventory Value Added

3. SERVICE PERFORMANCE MEASURES FOR INVENTORY

4. SEVEN STEPS TO OPTIMAL INVENTORY
4.1 SKU Optimization
4.2 Forecast Optimization
4.3 Leadtime Optimization
4.4 Lot Size Optimization
4.5 Deployment Optimization
4.6 Visibility Optimization
4.7 Inventory Carrying Rate Optimization

5. CASES
5.1 Honda Inventory Optimization

6. VIDEOS
6.1 The Single Best Practice to Improve Forecast Accuracy

WHAT'S INCLUDED
1. Lecture Presentation
2. Presentation Slides
3. Course Reading
4. Learning Assessment
5. Practice Assessment
6. Course Completion Certificate
7. Reference Slides
8. Simulations
9. Videos
 

ABOUT THE INSTRUCTOR
Dr. Ed Frazelle is one of the world's foremost authorities on supply chain strategy. He is President and CEO of Logistics Resources International and Founder of RightChain™ Institute. Logistics Resources International is a global supply chain consulting firm with teams in Atlanta, USA; Tokyo, JAPAN; Sydney, AUSTRALIA; Lima, PERU; and San Jose, COSTA RICA. RightChain™ is a supply chain development methodology guiding the supply chains of many of the world's most successful supply chain organizations including Honda, Disney, Coca-Cola, Hallmark, Pratt & Whitney, Hamilton Sundstrand, among many others. Dr. Frazelle's books on supply chain management - Supply Chain Strategy, Inventory Strategy, and World-Class Warehousing - are best sellers and have been translated into seven languages. Dr. Frazelle founded The Logistics Institute at Georgia Tech and has lectured at Cornell, Northwestern, the National University of Singapore, and Waseda University.
 

ABOUT RightChain™ Institute
RightChain™ Institute provides supply chain professionals with the world’s most effective, objective, and practical supply chain education. Successfully offered for more than 20 years, clients include BIC, Caterpillar, Coca-Cola, Disney, GE, Honda, LL Bean, M&M Mars, P&G, Pratt & Whitney, Raytheon, among many others. Our programs have been taught at Cornell, Northwestern, Georgia Tech, National University of Singapore, and Waseda University.