Procurement and Inventory managementCritically evaluate different procurement and inventory management strategies, processes, and organizational concepts and their links to further areas of the logistics system.

1.Critically evaluate different procurement and inventory management strategies, processes, and organizational concepts and their links to further areas of the logistics system. 2.Appraise and adapt the supplier selection process under different supply chain scenarios within the procurement and inventory management processes. 3.Implement advanced techniques to calculate adequate stock levels for different stock categories considering logistics and financial aspects 4.Manage procurement and inventory risks arising from changes in customer markets and their impact on demand and supply along multiple stage of the supply chain.