Inventory Management Foundations

Inventory Management Foundations, available at $19.99, has an average rating of 4.5, with 13 lectures, based on 3 reviews, and has 181 subscribers.

You will learn about Defining and describing what takt time is and why it is used Understanding and explain how using standardized parts reduces costs Understanding and summarize the importance of quality at the source Make a decision to cite who should manage lean inventory Defining and describing how to create a lean culture in your business This course is ideal for individuals who are People Who Desire to be a Professional Inventory Handler It is particularly useful for People Who Desire to be a Professional Inventory Handler.

Enroll now: Inventory Management Foundations

Summary

Title: Inventory Management Foundations

Price: $19.99

Average Rating: 4.5

Number of Lectures: 13

Number of Published Lectures: 13

Number of Curriculum Items: 13

Number of Published Curriculum Objects: 13

Original Price: $19.99

Quality Status: approved

Status: Live

What You Will Learn

Defining and describing what takt time is and why it is used
Understanding and explain how using standardized parts reduces costs
Understanding and summarize the importance of quality at the source
Make a decision to cite who should manage lean inventory
Defining and describing how to create a lean culture in your business

Who Should Attend

People Who Desire to be a Professional Inventory Handler

Target Audiences

People Who Desire to be a Professional Inventory Handler

WHAT IS INVENTORY MANAGEMENT?
The objective of inventory management is to replace a very expensive asset called “inventory” with a less-expensive asset called “information.” In order to accomplish this objective, the information must be timely, accurate, reliable and consistent.

Inventory management answers the question of how much inventory is needed to buffer against the fluctuations in forecast, customer demand and supplier deliveries.

Why Management Inventory?
The major reason for managing inventory is to reconcile the following potentially conflicting objectives:

#1 Maximizing Customer Service
#2 Maximizing Efficiency of Purchasing and Production
#3 Minimizing Inventory Investment
#4 Maximizing Profit

The world of business continues to change rapidly and dramatically. No longer will we see the stability of the past; reorganization is fast becoming standard.

Business organizations are having to reinvent and reorganize themselves continually in order to meet demands of the global marketplace.

Everyone is faced with the challenge of developing the most highly educated and diverse workforce ever known. Because requirements for skill levels continue to increase, less-educated workers are struggling to find jobs. The competition for goods will only become more intense.

More important, this course challenges you to upgrade your existing skills and acquire new ones. Regardless of your present skill level, you have the opportunity to increase your knowledge of inventory management.

Within this course you will find:
• An organizing question at the beginning of each module to orient your thinking—all content that follows provides the answer to the question
• Learning objectives that aid in measuring and understanding
• The distilled essence of inventory management theory and planning information
• Proven skill-building topics for adding to your professionalism

Course Curriculum

Chapter 1: Inventory Introduction

Lecture 1: Inventory Basics

Lecture 2: Types of Inventories

Lecture 3: Manage Inventory as Money

Lecture 4: Costs of Inventory

Chapter 2: Inventory Management

Lecture 1: The Right Amount of Inventory

Lecture 2: Reasons to Hold Inventory

Lecture 3: Push & Pull Strategy in Production Inventory

Lecture 4: Finished Goods Inventory

Lecture 5: Manage Service Inventory

Chapter 3: Inventory Control Systems

Lecture 1: Sales and Operations Plan

Lecture 2: Demand Forecasting

Lecture 3: Enterprise Resource Planning (ERP)

Chapter 4: Final Thought

Lecture 1: Keep Learning

Instructors

Suppachok Nitsoonkit, PhD
Instructor

Rating Distribution

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4 stars: 2 votes
5 stars: 1 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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