Inventory Management and Warehousing Master class

Inventory Management and Warehousing Master class, available at Free, has an average rating of 4.37, with 26 lectures, 4 quizzes, based on 242 reviews, and has 10239 subscribers.

You will learn about Types of Inventory Management Economic order Quantity Demand and Lead time variation on safety stock Cost minimization technique Cost in Inventory Management EOQ with constraint of batch size and discount EOQ with backorder King's or normal distribution of Safety stock ABC Analysis and ABC-XYZ analysis Inventory turnover ratio Sales to stock ratio This course is ideal for individuals who are Students who wanted to study about logistics, supply chain and operations management or Working professionals who wanted to become logistics manager ,supply chain manager and operations manager It is particularly useful for Students who wanted to study about logistics, supply chain and operations management or Working professionals who wanted to become logistics manager ,supply chain manager and operations manager.

Enroll now: Inventory Management and Warehousing Master class

Summary

Title: Inventory Management and Warehousing Master class

Price: Free

Average Rating: 4.37

Number of Lectures: 26

Number of Quizzes: 4

Number of Published Lectures: 26

Number of Published Quizzes: 4

Number of Curriculum Items: 30

Number of Published Curriculum Objects: 30

Original Price: Free

Quality Status: approved

Status: Live

What You Will Learn

Types of Inventory Management
Economic order Quantity
Demand and Lead time variation on safety stock
Cost minimization technique
Cost in Inventory Management
EOQ with constraint of batch size and discount
EOQ with backorder
King's or normal distribution of Safety stock
ABC Analysis and ABC-XYZ analysis
Inventory turnover ratio
Sales to stock ratio

Who Should Attend

Students who wanted to study about logistics, supply chain and operations management
Working professionals who wanted to become logistics manager ,supply chain manager and operations manager

Target Audiences

Students who wanted to study about logistics, supply chain and operations management
Working professionals who wanted to become logistics manager ,supply chain manager and operations manager

As famously said by Warren Buffet ‘Cash is King’.

Inventory mismanagement is the biggest reason behind low cash flow in a business.

This MBA-style course will turbo-charge your career and will make a REAL difference in your supply chain and retail business.

To run business operations every organization needs to optimize its Inventory management so that it can reduce cost and make use of all its resources.

You must learn the steps required to make Inventory management part of your supply chain integration and procurement process. Also, one of the biggest problems you will face in any organization is the lack of proper inventory planning and controlling the flow of materials.

Inventory Basics and Optimization
- Grasp the fundamentals of Inventory Management.
- Explore various types of Inventory Management systems.
- Learn to determine the optimal stock levels.
- Delve into Inventory Optimization techniques.
- Understand the various costs involved in Inventory Management.
- Gain insight into key Inventory Management terminologies.
- Analyze the cost implications of inventory.
Safety Stock, Economic Order Quantity (EOQ), and Lead Time
- Master different Safety Stock Techniques.
- Learn to calculate Safety Stock and Reorder Points.
- Understand the impact of service levels on safety stock.
- Discover strategies to reduce Safety Stock.
- Dive into Economic Order Quantity (EOQ) concepts.
- Explore EOQ variations including backorder and reorder point considerations.

By the end of this course, you will be equipped with the knowledge to make informed decisions about inventory management, leading to improved operational efficiency, cost savings, and a better bottom line for your business. Whether you’re a budding entrepreneur, a retail manager, or a supply chain professional, this course will empower you with the skills needed to manage inventory effectively.

Course Curriculum

Chapter 1: Introduction to inventory

Lecture 1: What is Inventory Management

Lecture 2: Types of Inventory Management

Lecture 3: How much stock we should have

Chapter 2: Inventory Optimization

Lecture 1: Inventory Optimization

Lecture 2: Cost in Inventory Management

Lecture 3: Cost of Inventory

Lecture 4: Section 1 pdf notes (Attached)

Chapter 3: Safety Stock , Economic order quantity and Lead time

Lecture 1: Types of Safety Stock Techniques

Lecture 2: Safety stock and Reorder point

Lecture 3: Service level on safety stock

Lecture 4: How to Reduce Safety stock

Lecture 5: Economic order Quantity

Lecture 6: EOQ Assignment

Lecture 7: Introduction to Lead Time

Lecture 8: EOQ with lead time Exercise

Lecture 9: EOQ with order size constraint

Lecture 10: EOQ with bulk discount

Lecture 11: EOQ with production order quantity

Lecture 12: EOQ when backorders are allowed

Lecture 13: EOQ backorder reorder point

Lecture 14: EOQ backorder exercise

Lecture 15: Download pdf notes (Attached)

Chapter 4: Inventory Management technique

Lecture 1: ABC Analysis for inventory management

Lecture 2: Problems with ABC Analysis

Lecture 3: Download pdf notes (Attached)

Lecture 4: What's next?

Instructors

Navdeep Yadav
Product Manager | MBA |

Rating Distribution

1 stars: 0 votes
2 stars: 4 votes
3 stars: 25 votes
4 stars: 97 votes
5 stars: 116 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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