Supply Processes and Technology, Quantity and Inventory

Week Ten – Supply Processes and Technology, Quantity and Inventory

 

In Week Ten, we will cover supply technology and procurement decisions that relate to inventory.  We will cover E-procurement systems, online reverse auctions, and using procurement technology to better communicate with our internal and external business partners.  With inventory, we will cover procurement’s role in inventory management through forecasting, vendor managed inventories, Pareto analysis (ABC analysis), inventory policies, and working capital management through the reduction of supply chain inventories.