Mini MBA in Inventory Management and Logistics

Course Overview: Mini MBA in Inventory Management and Logistics

The Mini MBA in Inventory Management and Logistics provides a comprehensive exploration of the essential principles and practices required for effective management of inventory and logistics operations. This program covers critical areas such as inventory control, supply chain management, and logistics optimization. Participants will learn strategies for managing inventory levels, improving supply chain efficiency, and integrating logistics solutions to meet organizational goals. The course combines theoretical insights with practical applications, using case studies and real-world scenarios to enhance participants’ problem-solving abilities.

Course Objectives

• Inventory Management Principles
• Supply Chain Management
• Logistics Optimization
• Demand Forecasting
• Procurement Strategies
• Technology in Supply Chain Management

Target Audience

• Inventory Managers
• Logistics Coordinators
• Supply Chain Professionals
• Operations Managers
• Procurement Specialists

Course Duration

• 3 weeks (with daily sessions of 4 hours).

What you will learn?

Condensed Course Modules

Week 1: Foundations of Inventory Management and Supply Chain

Day 1: Introduction to Inventory Management

• Overview of inventory management principles
• Key concepts: stock levels, turnover rates, and control methods
• Hands-on exercise: Analyzing current inventory systems

Day 2: Inventory Control Techniques

• Techniques for effective inventory control: Just-in-Time (JIT), Economic Order Quantity (EOQ)
• Managing inventory flows and minimizing holding costs
• Case study: Implementing inventory control techniques

Day 3: Supply Chain Management Basics

• Overview of supply chain management (SCM)
• Key components and stages of the supply chain
• Strategies for optimizing supply chain performance

Day 4: Logistics Fundamentals

• Introduction to logistics: distribution, transportation, and warehousing
• Logistics planning and execution
• Practical exercise: Designing a logistics plan

Day 5: Demand Forecasting Techniques

• Methods for accurate demand forecasting: quantitative and qualitative techniques
• Analyzing historical data and trends
• Hands-on exercise: Developing a demand forecast

Day 6: Case Studies in Inventory and Supply Chain Management

• Real-world case studies on inventory and supply chain challenges
• Group discussions on solutions and strategies
• Application of learned concepts to case studies

Day 7: Review and Q&A

• Review of Week 1 topics
• Open session for questions and clarifications
• Preparation for Week 2

Week 2: Advanced Inventory and Logistics Practices

Day 8: Advanced Inventory Management Strategies

• Techniques for managing complex inventory systems
• Inventory management software and tools
• Hands-on exercise: Using inventory management software

Day 9: Procurement Strategies

• Overview of procurement processes and best practices
• Strategic sourcing and supplier management
• Case study: Developing a procurement strategy

Day 10: Logistics Optimization

• Strategies for optimizing logistics operations
• Reducing transportation costs and improving delivery efficiency
• Practical exercise: Optimizing a logistics network

Day 11: Technology in Supply Chain Management

• Exploration of technologies supporting inventory and logistics: ERP systems, RFID, IoT
• Benefits and implementation of technology solutions
• Hands-on exercise: Analyzing technology solutions for SCM

Day 12: Integrating Inventory and Logistics Operations

• Methods for aligning inventory management with logistics operations
• Strategies for improving coordination and efficiency
• Case study: Integration challenges and solutions

Day 13: Risk Management in Inventory and Logistics

• Identifying and managing risks in inventory and logistics
• Developing risk mitigation strategies
• Practical exercise: Risk assessment and management planning

Day 14: Review and Case Study Presentations

• Review of Week 2 topics
• Presentation of group case studies and project work
• Feedback and discussion

Week 3: Practical Application and Final Assessment

Day 15: Strategic Inventory Management

• Developing strategies for long-term inventory management
• Aligning inventory practices with business objectives
• Case study: Strategic inventory planning

Day 16: Advanced Logistics Planning

• Techniques for advanced logistics planning and execution
• Managing complex logistics scenarios
• Practical exercise: Creating an advanced logistics plan

Day 17: Final Project Work

• Completion of final individual or group projects
• Preparation and presentation of project findings
• Peer reviews and feedback

Day 18: Final Review and Assessment

• Comprehensive review of all course topics
• Final assessment: Test and evaluation of projects
• Discussion on key takeaways and learning outcomes

Day 19: Course Wrap-Up and Certification

• Reflection on course learnings and practical applications
• Presentation of certificates
• Discussion on next steps and further development opportunities

Day 20: Additional Topics and Advanced Discussion

• Exploration of additional relevant topics and advanced discussions
• Open session for further questions and in-depth discussions

Materials and Resources:

• Training Manual and Handouts
• Online Resources and Tools
• Recommended Reading and Study Materials
• Access to Workshops and Webinars

Assessment and Certification:

• Evaluation Methods: Quizzes, assignments, case studies
• Certification: Certificate of Completion

Assessment and Evaluation

• Daily Quizzes and Assignments: To reinforce daily learnings and ensure comprehension of key concepts.
• Case Study Analyses: Participants will analyze and present case studies on international HRM challenges.
• Final Project: Development of a comprehensive IHRM strategy for a hypothetical multinational company, to be presented on the last day of the course.

Reading Materials and Resources

• Textbooks:
  • International Human Resource Management by Peter J. Dowling, Marion Festing, and Allen D. Engle.
  • Managing Across Borders: The Transnational Solution by Christopher A. Bartlett and Sumantra Ghoshal.
• Articles and Case Studies:
  • Selected readings from Harvard Business Review and International Journal of Human Resource Management.

Instructor and Support

• Instructor:  experienced in IHRM)
• Office Hours: Available daily for one-on-one consultations.

This accelerated course is designed for professionals seeking to rapidly gain expertise in International Human Resource Management, providing practical skills and strategic insights for managing global workforces effectively.