Inventory Management: Types, Functions, Nature and Auditing

Inventory Management: Types, Functions, Nature and Auditing, available at $19.99, has an average rating of 4, with 22 lectures, based on 80 reviews, and has 201 subscribers.

You will learn about Inventory Types – Raw Materials, Work-In-Process, Finished Goods, Distribution Inventory and MRO. Inventory Functions – Safety Stock, Cycle Stock, Anticipation Inventory and Hedge Inventory. Inventory Nature – Independent Demand and Dependent Demand. Inventory Auditing – Periodic Inventory and Perpetual Inventory. This course is ideal for individuals who are Anyone want to master inventory types, functions, nature and auditing. It is particularly useful for Anyone want to master inventory types, functions, nature and auditing.

Enroll now: Inventory Management: Types, Functions, Nature and Auditing

Summary

Title: Inventory Management: Types, Functions, Nature and Auditing

Price: $19.99

Average Rating: 4

Number of Lectures: 22

Number of Published Lectures: 22

Number of Curriculum Items: 22

Number of Published Curriculum Objects: 22

Original Price: ₹1,199

Quality Status: approved

Status: Live

What You Will Learn

Inventory Types – Raw Materials, Work-In-Process, Finished Goods, Distribution Inventory and MRO.
Inventory Functions – Safety Stock, Cycle Stock, Anticipation Inventory and Hedge Inventory.
Inventory Nature – Independent Demand and Dependent Demand.
Inventory Auditing – Periodic Inventory and Perpetual Inventory.

Who Should Attend

Anyone want to master inventory types, functions, nature and auditing.

Target Audiences

Anyone want to master inventory types, functions, nature and auditing.

The participants will be able to

1. Learn a unique way of defining inventory using the left-hand rule.

2. Master the types of inventory such as Raw Material, Work-In-Process, Finished Goods, MRO and Distribution Inventory.

3. Understand the inventory functions such as Safety Stock, Cycle Stock, Anticipation Inventory and Hedge Inventory.

4. Differentiate the Independent Demand from Dependent Demand.

5. The two method of Inventory Auditing such as Periodic and Perpetual.

6. Understand the inventory basics required for Certified Inventory Optimization Professional (CIOP), Integrated Institute of Supply Chain Management – IISCM. For more details please visit www.ciop.info. Certified Inventory Optimization Professional (CIOP) is a sought-after qualification by companies to create a competitive advantage by transforming their supply chain practices. CIOP certification program is from Integrated Institute of Supply Chain Management (IISCM), a unit of Fhyzics Business Consultants Private Limited. Fhyzics is an ACP of Association for Supply Chain Management (ASCM/APICS), USA and ASC of Chartered Institute of Procurement and Supply (CIPS), UK. The elements of CIOP program are Progress Report, Reference Book, Learning Management System, Assessment and Certificate. The CIOP examination is for 3 hours with 120 questions and the maximum score is 360. Candidates need to secure 252 (70%) or above to pass in the examination. CIOP Examination is a closed, online, proctored examination available throughout the year.

Course Curriculum

Chapter 1: Inventory Management – Types

Lecture 1: Introduction

Lecture 2: About Author

Lecture 3: Raw Material

Lecture 4: Work-In-Process

Lecture 5: Finished Goods

Lecture 6: Distribution Inventory

Lecture 7: RM, WIP, FG and DI

Lecture 8: Case Study: Sugar Factory

Lecture 9: Case Study: Candle Factory

Lecture 10: Case Study: Car Factory

Lecture 11: Maintenance, Repair and Operating Supplies

Lecture 12: Production Environment

Lecture 13: Importance of Inventory

Lecture 14: RM-WIP-FG Details

Chapter 2: Inventory Management – Functions

Lecture 1: Safety Stock

Lecture 2: Cycle Stock

Lecture 3: Hedge Inventory

Lecture 4: Anticipation Inventory

Chapter 3: Inventory Management – Demand Nature

Lecture 1: Independent & Dependent Demand

Chapter 4: Inventory Management – Auditing

Lecture 1: Inventory Auditing

Lecture 2: Periodic Inventory Auditing

Lecture 3: Perpetual Inventory Auditing

Instructors

Venkadesh Narayanan
Principal Consultant at Fhyzics Business Consultants P. Ltd.

Rating Distribution

1 stars: 1 votes
2 stars: 2 votes
3 stars: 21 votes
4 stars: 30 votes
5 stars: 26 votes

Frequently Asked Questions

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

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