Certification in Inventory Control Management

Certification in Inventory Control Management, available at $44.99, has an average rating of 4.7, with 79 lectures, based on 48 reviews, and has 90 subscribers.

You will learn about Inventory Control Management Material Management Inventory Control Scenarios Economic Order Quantity (EOQ) Models Production Quantity Model 50 Inventory Control Exercises and Solutions This course is ideal for individuals who are Supply chain Professionals or This course is for anyone who wants to learn professional inventory management and inventory control and be part of supply chain management team. It is particularly useful for Supply chain Professionals or This course is for anyone who wants to learn professional inventory management and inventory control and be part of supply chain management team.

Enroll now: Certification in Inventory Control Management

Summary

Title: Certification in Inventory Control Management

Price: $44.99

Average Rating: 4.7

Number of Lectures: 79

Number of Published Lectures: 79

Number of Curriculum Items: 79

Number of Published Curriculum Objects: 79

Original Price: $22.99

Quality Status: approved

Status: Live

What You Will Learn

Inventory Control Management
Material Management
Inventory Control Scenarios
Economic Order Quantity (EOQ) Models
Production Quantity Model
50 Inventory Control Exercises and Solutions

Who Should Attend

Supply chain Professionals
This course is for anyone who wants to learn professional inventory management and inventory control and be part of supply chain management team.

Target Audiences

Supply chain Professionals
This course is for anyone who wants to learn professional inventory management and inventory control and be part of supply chain management team.

The Certification in Inventory Control Management is designed to provide comprehensive knowledge and practical skills required to effectively manage and control inventory in a dynamic supply chain environment. This course covers essential concepts, methodologies, and tools used in inventory control and materials management, equipping participants with the expertise to optimize inventory levels, reduce costs, and improve overall supply chain efficiency.

Course Outline:

Materials Management: Definition
- Understanding the fundamental concepts and scope of materials management.
Materials Management
- In-depth exploration of materials management practices and their significance in the supply chain.
Materials Management: Objectives
- Identifying the primary goals and objectives of effective materials management.
Responsibilities of Materials Management
- Exploring the key responsibilities and roles involved in materials management.
What Is Inventory?
- Defining inventory and its critical role in business operations.
Components of Inventory
- Examining the various components that constitute inventory.
Inventory and Supply Chain Management
- Understanding the relationship between inventory management and supply chain efficiency.
Inventory Control
- Strategies and techniques for maintaining optimal inventory levels.
Various Types of Analysis
- Overview of different analytical methods used in inventory control.
ABC Classification
- Introduction to ABC classification as a method for categorizing inventory.
ABC Classification: Example and Calculations
- Practical examples and calculations to apply ABC classification.
Advantages of ABC Analysis
- Benefits and advantages of implementing ABC analysis in inventory management.
Limitations of ABC Analysis
- Discussing the limitations and challenges of ABC analysis.
V.E.D. (Vital, Essential, Desirable) Analysis
- Introduction to VED analysis for prioritizing inventory items based on criticality.
Economic Order Quantity (EOQ) Models
- Understanding the EOQ models for determining optimal order quantities.
Assumptions of Basic EOQ Model
- Key assumptions underlying the basic EOQ model.
Inventory Order Cycle
- Exploring the inventory order cycle and its components.
EOQ Cost Model Formula
- Detailed explanation of the EOQ cost model formula.
EOQ Cost Model Graph
- Visual representation of the EOQ cost model.
Production Quantity Model
- Introduction to the production quantity model for batch production.
Production Quantity Model Graph and Formula
- Graphical and formulaic representation of the production quantity model.
Production Quantity Model Example and Calculations
- Practical examples and calculations for the production quantity model.
Quantity Discounts
- Exploring quantity discount models and their impact on inventory decisions.
Quantity Discount Model Graph
- Visual representation of the quantity discount model.
Quantity Discount Model Example
- Practical example to understand the application of quantity discount models.
Safety Stock
- Understanding the concept and importance of safety stock in inventory management.
Reorder Point
- Determining the reorder point to maintain adequate inventory levels.
Variable Demand with a Reorder Point
- Managing inventory with variable demand and setting appropriate reorder points.
Reorder Point with a Safety Stock
- Calculating reorder points considering safety stock levels.
50 Exercises and Solutions
- Hands-on exercises and detailed solutions to reinforce learning and practical application.

Course Outcomes:

Upon completion of the Certification in Inventory Control Management, participants will be able to:

Understand the principles and objectives of materials management.
Classify and manage inventory effectively using various analytical methods.
Optimize inventory levels using EOQ and other inventory models.
Implement safety stock and reorder point strategies to handle variable demand.
Apply quantity discount models to improve cost efficiency.
Utilize practical exercises and solutions to solve real-world inventory control challenges.

Who Should Attend:

This course is ideal for supply chain professionals, inventory managers, procurement specialists, anyone wants to learn and get involved in materials management and inventory control who seeks to enhance their knowledge and skills in this critical area.

Enroll in the Certification in Inventory Control Management today and take the first step towards mastering the art of efficient inventory control!

Course Curriculum

Chapter 1: Introduction

Lecture 1: Course Introduction

Lecture 2: Introduction

Lecture 3: Materials Management: Objectives

Lecture 4: Responsibilities of Materials Management

Lecture 5: What Is Inventory?

Lecture 6: Components of Inventory

Lecture 7: Inventory and supply chain management

Chapter 2: Inventory Control

Lecture 1: Inventory control

Lecture 2: ABC Classification with Example and calculations

Lecture 3: Advantages and Limitations of ABC Analysis

Lecture 4: V.E.D. (Vital, Essential, Desirable) Analysis

Chapter 3: Economic Order Quantity

Lecture 1: Economic Order Quantity (EOQ) Models

Lecture 2: Assumptions of Basic EOQ Model

Lecture 3: Inventory Order Cycle

Lecture 4: EOQ Cost Model Formula

Lecture 5: EOQ Cost Model graph and calculations

Chapter 4: Economic Order Quantity Exercises Discussion

Lecture 1: EOQ Exercise 1

Lecture 2: EOQ Exercise 2

Lecture 3: EOQ Exercise 3

Chapter 5: Production Quantity Model

Lecture 1: Production Quantity Model

Lecture 2: Production Quantity Model graph and formula

Lecture 3: Production Quantity Model Example and Calculations

Chapter 6: Quantity Discounts

Lecture 1: Quantity Discounts

Lecture 2: Quantity Discount Model Graph

Lecture 3: Quantity Discount Model Example and Calculations

Chapter 7: Safety stock & Reorder Point

Lecture 1: Safety stock

Lecture 2: Reorder Point

Lecture 3: Variable Demand and Reorder Point with a Safety Stock

Chapter 8: 50 Inventory Control Exercises and Solutions

Lecture 1: Exercise 1 and Solution

Lecture 2: Exercise 2 and Solution

Lecture 3: Exercise 3 and Solution

Lecture 4: Exercise 4 and Solution

Lecture 5: Exercise 5 and Solution

Lecture 6: Exercise 6 and Solution

Lecture 7: Exercise 7 and Solution

Lecture 8: Exercise 8 and Solution

Lecture 9: Exercise 9 and Solution

Lecture 10: Exercise 10 and Solution

Lecture 11: Exercise 11 and Solution

Lecture 12: Exercise 12 and Solution

Lecture 13: Exercise 13 and Solution

Lecture 14: Exercise 14 and Solution

Lecture 15: Exercise 15 and Solution

Lecture 16: Exercise 16 and Solution

Lecture 17: Exercise 17 and Solution

Lecture 18: Exercise 18 and Solution

Lecture 19: Exercise 19 and Solution

Lecture 20: Exercise 20 and Solution

Lecture 21: Exercise 21 and Solution

Lecture 22: Exercise 22 and Solution

Lecture 23: Exercise 23 and Solution

Lecture 24: Exercise 24 and Solution

Lecture 25: Exercise 25 and Solution

Lecture 26: Exercise 26 and Solution

Lecture 27: Exercise 27 and Solution

Lecture 28: Exercise 28 and Solution

Lecture 29: Exercise 29 and Solution

Lecture 30: Exercise 30 and Solution

Lecture 31: Exercise 31 and Solution

Lecture 32: Exercise 32 and Solution

Lecture 33: Exercise 33 and Solution

Lecture 34: Exercise 34 and Solution

Lecture 35: Exercise 35 and Solution

Lecture 36: Exercise 36 and Solution

Lecture 37: Exercise 37 and Solution

Lecture 38: Exercise 38 and Solution

Lecture 39: Exercise 39 and Solution

Lecture 40: Exercise 40 and Solution

Lecture 41: Exercise 41 and Solution

Lecture 42: Exercise 42 and Solution

Lecture 43: Exercise 43 and Solution

Lecture 44: Exercise 44 and Solution

Lecture 45: Exercise 45 and Solution

Lecture 46: Exercise 46 and Solution

Lecture 47: Exercise 47 and Solution

Lecture 48: Exercise 48 and Solution

Lecture 49: Exercise 49 and Solution

Lecture 50: Exercise 50 and Solution

Chapter 9: Conclusion

Lecture 1: Conclusion

Instructors

Edcorner Learning
Be Incredible

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4 stars: 1 votes
5 stars: 43 votes

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