Instructors: Navdeep Yadav | 8 sections • 43 lectures • 3h 18m total length
Video: MP4 1280x720 44 KHz | English + Sub | Updated 5/2022 | Size: 3 GB
Learn to minimize costs, Improve efficiency using Inventory control technique like EOQ and Safety Stock
What you'll 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
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Requirements
Basic knowledge of logistics and supply chain operations and terminology
Description
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 need to optimize its Inventory management so that it can reduce cost and make use of all its resources.
It is crucial for you to 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.
1. Inventory basics and Optimization
What is Inventory Management
Types of Inventory Management
How much stock we should have
Inventory Optimization
Cost in Inventory Management
Keywords in Inventory Management
Cost of Inventory
Homepage
Code:
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