Days Inventory Outstanding is normally the metric associated with this area but because inventory can be a mixture of physical stock and subjective work in progress the metric has become outdated.
This inventory chain management course questions whether any organisation needs stock at all and delivers some of the solutions to holding stock, whilst recognising some pitfalls of such a policy. The financial supply chain in the inventory section is broken into two sections, one for stock and one for work in progress.
On completion of this online course, you will gain an understanding of:
- the way Just in Time (JIT) is one of several methods that can enhance your cash flow
- why stock could become a liability
- how to manage work in progress and stock in a proactive manner.