{"634156":{"#nid":"634156","#data":{"type":"event","title":"(POSTPONED) SCL Course: Inventory Management for Service Operations","body":[{"value":"\u003Ch3\u003E\u003Cstrong\u003ECourse Description\u003C\/strong\u003E\u003C\/h3\u003E\r\n\r\n\u003Cp\u003EAn\u0026nbsp;overview of theories and methods used for managing inventory in the service sector (e.g. utilities, airlines, rail, etc.). Unlike conventional inventory management for manufacturing work-in-process (WIP) and finished goods, inventory management for service operations deals maintenance-related and spare parts and inventories that are critical for ensuring equipment availability and supporting maintenance, repair and operations (MRO).\u003C\/p\u003E\r\n\r\n\u003Cp\u003EThe course focuses on understanding the unique aspects of managing inventory for MRO and Service Operations. This includes understanding various aspects that drive demand in the service-related companies like demand originating from maintenance and repair activities. The course will discuss different types of part classifications, inventory forecasting methods, and a classic inventory control models and theories. Methods and practices that are more suited for managing MRO-related inventory will be emphasized and discussed in greater detail.\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Ch3\u003E\u003Cstrong\u003EWho Should Attend\u003C\/strong\u003E\u003C\/h3\u003E\r\n\r\n\u003Cp\u003EThis course is designed for inventory managers, supply chain practitioners, procurements officers, and individuals responsible for managing storerooms and part warehouses in service-related industries.\u0026nbsp;\u003C\/p\u003E\r\n\r\n\u003Ch3\u003E\u003Cstrong\u003EHow You Will Benefit\u003C\/strong\u003E\u003C\/h3\u003E\r\n\r\n\u003Cul\u003E\r\n\t\u003Cli\u003EGain a deeper understanding of demand characteristics for service and spare parts inventory.\u003C\/li\u003E\r\n\t\u003Cli\u003EImprove demand predictability by understanding MRO practices.\u003C\/li\u003E\r\n\t\u003Cli\u003EUnderstand and apply part classification strategies to reduce inventory costs and prevent stockout instances.\u003C\/li\u003E\r\n\t\u003Cli\u003EUnderstand and apply alternative inventory control policies for different types of parts, slow moving versus fast moving, versus intermittent.\u003C\/li\u003E\r\n\t\u003Cli\u003EGain the ability to develop a comprehensive step-by-step roadmap for improving spare parts inventory management strategy.\u003C\/li\u003E\r\n\u003C\/ul\u003E\r\n\r\n\u003Ch3\u003E\u003Cstrong\u003EWhat Is Covered\u003C\/strong\u003E\u003C\/h3\u003E\r\n\r\n\u003Cul\u003E\r\n\t\u003Cli\u003EThe unique characteristics of MRO inventory management in the service industry, such as utilities, airlines, rail and other non-manufacturing\/retail industries\u003C\/li\u003E\r\n\t\u003Cli\u003EThe nature and sources of demand for service parts, consumables, and replacement spare parts\u003C\/li\u003E\r\n\t\u003Cli\u003ECommon maintenance practices and repair strategies, and their impact on parts demand\u003C\/li\u003E\r\n\t\u003Cli\u003EQualitative and quantitative part classification, the benefits and limitations of each, and which strategies are best suited for regular versus intermittent demand\u003C\/li\u003E\r\n\t\u003Cli\u003EBasic demand forecasting techniques for fast-moving parts, slow-moving parts, and intermittent demand\u003C\/li\u003E\r\n\t\u003Cli\u003EUnderlying theories of classic inventory control models including EOQ, continuous review, periodic review, and base stock policies\u003C\/li\u003E\r\n\t\u003Cli\u003EComprehensive framework for improving spare parts inventory management\u003C\/li\u003E\r\n\u003C\/ul\u003E\r\n","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003EA two-day course that\u0026nbsp;provides an overview of theories and methods used for managing inventory in the service sector (e.g. utilities, airlines, rail, etc.).\u0026nbsp; Unlike conventional inventory management\u0026nbsp;for manufacturing work-in-process (WIP) and finished goods,\u0026nbsp;inventory\u0026nbsp;management for service operations\u0026nbsp;deals maintenance-related and\u0026nbsp;spare parts and inventories that are critical for ensuring equipment availability and supporting maintenance, repair and\u0026nbsp;operations\u0026nbsp;(MRO).\u003C\/p\u003E\r\n","format":"limited_html"}],"field_summary_sentence":[{"value":"An overview of theories and methods used for managing inventory in the service sector."}],"uid":"27233","created_gmt":"2020-04-07 21:26:46","changed_gmt":"2020-11-20 02:11:59","author":"Andy Haleblian","boilerplate_text":"","field_publication":"","field_article_url":"","field_event_time":{"event_time_start":"2021-03-22T09:00:00-04:00","event_time_end":"2021-03-23T18:00:00-04:00","event_time_end_last":"2021-03-23T18:00:00-04:00","gmt_time_start":"2021-03-22 13:00:00","gmt_time_end":"2021-03-23 22:00:00","gmt_time_end_last":"2021-03-23 22:00:00","rrule":null,"timezone":"America\/New_York"},"extras":[],"related_links":[{"url":"https:\/\/www.scl.gatech.edu\/education\/professional-education\/course\/imso","title":"Course webpage within the SCL website"}],"groups":[],"categories":[],"keywords":[],"core_research_areas":[],"news_room_topics":[],"event_categories":[{"id":"10377","name":"Career\/Professional development"}],"invited_audience":[{"id":"78771","name":"Public"}],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003E\u003Ca href=\u0022mailto:info@scl.gatech.edu\u0022\u003Einfo@scl.gatech.edu\u003C\/a\u003E\u003C\/p\u003E\r\n","format":"limited_html"}],"email":[],"slides":[],"orientation":[],"userdata":""}}}