Selective Inventory Control Techniques in Supply Chain

Selective Inventory Control Techniques in Supply Chain, available at $19.99, has an average rating of 4.7, with 20 lectures, 1 quizzes, based on 5 reviews, and has 1383 subscribers.

You will learn about Deep understanding of the Inventory management function. Activities involved in Inventory Management function Understanding Inventory Costs: A Comprehensive Overview Need of best inventory management today – From Burden to Opportunity : Unleashing the Hidden Value of Inventory Management Benefits of well managed inventory – From Chaos to Control Unleashing the Potential of well managed inventory What is meaning of Selective Inventory Control Methods 9 Selective Inventory Control Methods – Categorization logic & uses (ABC, XYZ, FSN, HML, SDE, VED, S-OS, GOLF, PQR) Overview & Excel Calculation for ABC, XYZ, HML, FSN, S-OS, VED, SDE, PQR, GOLF Analysis. Categorizing Selective Inventory Control Methods in Microsoft Excel – Ready sheets for analysis in minutes. This course is ideal for individuals who are Professionals – Like Buyers, Demand Planners, Logistics Planners, Inventory Planners, Supply Chain Managers, Supply Chain Analysts. or Professionals looking to make their career or switch their careen in Supply Chain field. It is particularly useful for Professionals – Like Buyers, Demand Planners, Logistics Planners, Inventory Planners, Supply Chain Managers, Supply Chain Analysts. or Professionals looking to make their career or switch their careen in Supply Chain field.

Enroll now: Selective Inventory Control Techniques in Supply Chain

Summary

Title: Selective Inventory Control Techniques in Supply Chain

Price: $19.99

Average Rating: 4.7

Number of Lectures: 20

Number of Quizzes: 1

Number of Published Lectures: 20

Number of Published Quizzes: 1

Number of Curriculum Items: 21

Number of Published Curriculum Objects: 21

Number of Practice Tests: 1

Number of Published Practice Tests: 1

Original Price: $19.99

Quality Status: approved

Status: Live

What You Will Learn

Deep understanding of the Inventory management function.
Activities involved in Inventory Management function
Understanding Inventory Costs: A Comprehensive Overview
Need of best inventory management today – From Burden to Opportunity : Unleashing the Hidden Value of Inventory Management
Benefits of well managed inventory – From Chaos to Control Unleashing the Potential of well managed inventory
What is meaning of Selective Inventory Control Methods
9 Selective Inventory Control Methods – Categorization logic & uses (ABC, XYZ, FSN, HML, SDE, VED, S-OS, GOLF, PQR)
Overview & Excel Calculation for ABC, XYZ, HML, FSN, S-OS, VED, SDE, PQR, GOLF Analysis.
Categorizing Selective Inventory Control Methods in Microsoft Excel – Ready sheets for analysis in minutes.

Who Should Attend

Professionals – Like Buyers, Demand Planners, Logistics Planners, Inventory Planners, Supply Chain Managers, Supply Chain Analysts.
Professionals looking to make their career or switch their careen in Supply Chain field.

Target Audiences

Professionals – Like Buyers, Demand Planners, Logistics Planners, Inventory Planners, Supply Chain Managers, Supply Chain Analysts.
Professionals looking to make their career or switch their careen in Supply Chain field.

Unlock Your Inventory Optimization through selective inventory control techniques.

Are your supply chain woes keeping you up at night? Unleash the power of strategic inventory management and revolutionize your business operations today!

| Master the Art of Inventory Optimization | Boost Efficiency & Reduce Costs | Seamlessly Integrate Supply Chain Tactics | Elevate Your Career with In-Demand Skills

Join our exclusive Udemy course and gain the expertise to streamline your inventory processes, enhance customer satisfaction, and supercharge your business growth.
What You’ll Learn:

– Inventory Planning

– Inventory Costs and Impact

– Selective Inventory control Techniques

Enroll Now and Enjoy:

– On-Demand Video Lessons – Learn at Your Pace

– Interactive Quizzes – Reinforce Your Knowledge

– Lifetime Access – Stay Updated Always

– Expert Q&A – Get Your Questions Answered

– Certificate of Completion – Showcase Your Skills

Invest in your future. Transform your supply chain. Enroll in “Strategic Inventory Management” now!

Background of the course

This course will help you drastically improve your knowledge and skills in Inventory Management practices through a series of must know concepts, practical cases, calculations, examples and Ready Excel Templates for numerous inventory analysis in few minutes. This course is designed by Academic & Industry experts in the field for everyone who is in Supply Chain / Inventory / Demand planning role or wanted to make their career in the field. This course is designed for Supply Chain Managers, Inventory Managers, Supply Chain Analysts, Buyers, Demand Planners, Inventory planners, Transportation, warehousing & Logistics planners & even supply chain leaders.

What this course covers?

This course covers extensive content in a simple explanations and covers all must know topics within inventory management practices in five key modules as below.

Module 1 – Introduction to Inventory Management

· Introduction

o What is inventory

o Types and of inventory

· Activities involved in Inventory Management function

· Understanding Inventory Costs: A Comprehensive Overview

o Ordering Cost

o Carrying or holding cost

o Shortage or stock out cost

o Spoilage cost

o Other costs

o Tabular examples of the costs

· Need for effective inventory management today – From Burden to Opportunity

o Contribution of Inventory in working capital

o Research studies about inventory contribution in company’s working capital.

o Inventory contribution in retail, manufacturing and service companies.

o Role of inventory holding cost

o Research studies on contribution of holding cost in inventory costs.

· Benefits of well managed inventory – From Chaos to Control

o Cost optimization & Cash flow management

o Customer Satisfaction

o Improved supply chain efficiency.

o Profit maximization

Module 2 – Selective Inventory control methods & Analysis in Excel

· Overview of Selective inventory control

· Why Selective inventory control?

· What are benefits of selective inventory control?

· Overview of ABC Analysis – Meaning, Logics & Uses.

· Overview of XYZ Analysis – Meaning, Logics & Uses.

· Overview of HML Analysis – Meaning, Logics & Uses.

· Overview of FSN Analysis – Meaning, Logics & Uses.

· Overview of VED Analysis – Meaning, Logics & Uses.

· Overview of SDE Analysis – Meaning, Logics & Uses.

· Overview of S-OS Analysis – Meaning, Logics & Uses.

· Overview of GOLF Analysis – Meaning, Logics & Uses.

· Overview of PQR Analysis – Meaning, Logics & Uses.

· Excel Calculation & Automated calculation sheet for ABC, XYZ, HML, FSN, PQR, ABC-XYZ analysis.

Course Curriculum

Chapter 1: Overview on – Inventory Management, Inventory Activities & Inventory Costs

Lecture 1: Introduction to Inventory Management & types of Inventory

Lecture 2: Activities involved in Inventory Management

Lecture 3: Understanding Inventory Costs : Comprehensive Overview

Lecture 4: Need for effective inventory management today – From Burden to Opportunity

Lecture 5: Benefits of well managed inventory – From Chaos to Control

Chapter 2: Selective Inventory control methods & their categorization steps in Excel

Lecture 1: All about Selective Inventory Control, Its need & Benefit to the business

Lecture 2: 9 Selective Inventory Control Techniques widely used – Quick Overview.

Lecture 3: ABC Analysis – Meaning, Logic, Examples and Uses

Lecture 4: ABC Analysis in MS Excel – Ready excel template for ABC analysis in a minute.

Lecture 5: XYZ Analysis – Meaning, Logic, Examples and Uses

Lecture 6: XYZ Analysis in MS Excel – Ready excel template for XYZ analysis in a minute.

Lecture 7: ABC – XYZ Combination Analysis in Excel, Ready excel sheet for ABCXYZ Analysis

Lecture 8: FSN Analysis – Meaning, Logic, Examples and Uses

Lecture 9: HML Analysis – Meaning, Logic, Examples and Uses

Lecture 10: VED Analysis – Meaning, Logic, Examples and Uses

Lecture 11: SDE Analysis – Meaning, Logic, Examples and Uses

Lecture 12: GOLF Analysis – Meaning, Logic, Examples and Uses

Lecture 13: S-OS Analysis – Meaning, Logic, Examples and Uses

Lecture 14: PQR Analysis – Meaning, Logic, Examples and Uses

Lecture 15: HML, PQR Analysis in Excel & Brief on analysis techniques

Chapter 3: Final Quiz

Instructors

Sitmi Academy
Management Consulting and Expertise

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5 stars: 3 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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