Ch 7: Supply Chain & Inventory Management

About This Chapter

Our experts created this series of lesson videos, each 5-10 minutes long, that instruct you on supply chain and inventory management. Each lesson is followed by a quiz for assessing your understanding of the information.

Supply Chain & Inventory Management - Chapter Summary and Learning Objectives

Product distribution can be unnecessarily costly without an effective supply chain and inventory plan in place. Our subject matter experts have developed a series of short, engaging videos to teach you about efficient management of this process. In this chapter, you will learn about such things as:

  • Ways to reduce costs and expenses with effective supply chain management
  • How to effectively manage those players in the supply chain that are not under your direct control
  • The use of intermediaries in logistics
  • How to become an inventory expert and efficient merchandise manager

Video Objective
Supply Chain Management: Technology, Measurement, Relationship & Material Integration Assess how to integrate all pieces of the distribution chain.
Supply Chain Management in the Business, Supplier & Customer Network Develop your understanding of the internal and external contributors to a supply chain.
Logistics of Goods and Services Evaluate the role of logistics in a supply chain.
Supply Chain Management: Elements & Goals Consider how supply chain management failure can doom a company.
Bullwhip Effect: Causes & Effects Recall how to recognize bullwhip effect and how to stop it.
Items that Make Up Merchandise Inventory Develop knowledge on essential inventory requirements.
Inventory Cost: Definition, Methods & Types Evaluate all of the aspects that go into inventory costs.

7 Lessons in Chapter 7: Supply Chain & Inventory Management
Test your knowledge with a 30-question chapter practice test
Supply Chain Management: Technology, Measurement, Relationship & Material Integration

1. Supply Chain Management: Technology, Measurement, Relationship & Material Integration

Marketing managers realize how distribution can be costly if there is not an efficient plan in place. Supply chain management is a strategy that allows seamless integration of all pieces of the distribution chain.

Supply Chain Management in the Business, Supplier & Customer Network

2. Supply Chain Management in the Business, Supplier & Customer Network

Supply chain management is concerned with all the interconnected businesses that are part of providing end products or services to customers. Learn how SCM can reduce costs and improve customer service.

Logistics of Goods and Services

3. Logistics of Goods and Services

Logistics management is essential for the proper functioning of a supply chain and for successfully serving customers. In this lesson, you'll learn about the role of logistics in supply chain management and how intermediaries can be used in the process.

Supply Chain Management: Elements & Goals

4. Supply Chain Management: Elements & Goals

Supply chains and their efficient management may mean the difference between success and failure for a business. In this lesson, you'll learn about the elements of the supply chain and the key goals businesses seek in managing their supply chains.

Bullwhip Effect: Causes & Effects

5. Bullwhip Effect: Causes & Effects

Failure to manage a supply chain effectively can lead to inefficiencies. In this lesson, you'll learn about the bullwhip effect, including what it is, its causes and effects, and what to do to stop it. A quiz follows.

Items that Make Up Merchandise Inventory

6. Items that Make Up Merchandise Inventory

In order to operate, merchandising companies must carry inventory. What exactly makes up merchandise inventory? In this lesson, you will not only learn the answer to that question, but also several other important factors that relate to merchandise inventory.

Inventory Cost: Definition, Methods & Types

7. Inventory Cost: Definition, Methods & Types

Have you ever thought about how much it costs a business to keep inventory in stock? It's not just the price the business pays for the items that it keeps in stock. It is so much more. In this lesson, we will discuss exactly what constitutes actual inventory cost.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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