Production Management - What is Inventory Control?

Dive into a comprehensive video lecture on production management, exploring key concepts and strategies essential for efficient manufacturing processes. Learn about production management fundamentals, aggregate planning techniques, forecasting methods, and inventory control principles. Discover the importance of economic order quantity, assembly line balancing, and plant location decisions. Gain valuable insights into managing production timelines, tracking goods and services, and optimizing manufacturing operations for product-based startups, multichannel retailers, wholesalers, and e-commerce brands. Enhance your understanding of this crucial business function through detailed explanations and practical examples provided throughout the presentation.

Agenda.
What is Production Management?.
Aggregate planning.
What is Forecasting?.
What is Inventory Control? .
Economic order quantity.
Assembly line Balancing.
Plant location.
Summary.