Inventory Management Foundations
Offered By: LinkedIn Learning
Course Description
Overview
Learn how to effectively manage inventory within your company. Explore analytical tools and control systems that can help you improve your inventory management efforts.
Syllabus
Introduction
- What is inventory management?
- Inventory management defined
- Types of inventories
- View inventory as money
- Costs of inventory
- The right amount of inventory
- Reasons to hold inventory
- Understand production inventory
- Understand finished goods inventory
- Manage service inventory
- Sales and operations plan
- Demand forecasting
- Enterprise resource planning (ERP)
- Materials requirements plan
- Radio frequency identification (RFID)
- ABC analysis
- Total cost analysis
- Economic order quantity
- Cycle counting
- Three inventory models
- Vendor-managed inventory
- Collaborative inventory management
- Going further with inventory management
Taught by
Steven Brown
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