CIPS Level 2 - Inventory, Logistics and Expediting [L2M5]

Upon completing this module, you should be able to identify the key role that inventory plays and define the principles and processes associated with effective logistics control, explaining how effective expediting can be achieved in procurement and supply.Inventories can account for a significant cost for many organisations. This module is designed to help you appreciate the concept of inventory and explain contemporary methods for reviewing and planning effective inventory control. The module also focuses on the logistics challenge and on effective logistics control measures. Finally, you should be able to explain how effective expediting can be achieved in procurement and supply through effective planning and processing.Did you know: Amazon has deployed over 750,000 robots across its fulfilment and logistics operations. It is estimated that by 2030, Amazon’s use of robotics could save the company $10 billion per year in costs. One of Amazon’s new robotic systems, Sequoia, is claimed to identify and store inventory 75% faster and reduce processing time by 25% in the warehouse setting.Amazon’s integration of robotics and automation directly illustrates the principles of effective inventory control, logistics management, and expediting covered in this module. By using systems like the Sequoia robot to accelerate item identification and storage, Amazon demonstrates how technology optimises warehouse space, reduces handling time, and improves the flow of goods through the supply chain.We have a lot of ground to cover, so let's get started.