Inventory Management and Warehousing Master class

Inventory Management and Warehousing Master class | Udemy
English | Size: 3.01 GB
Genre: eLearning

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

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

2. Safety Stock, Economic order quantity, and Lead time

Types of Safety Stock Techniques

Safety stock and Reorder point

Service level on safety stock

How to Reduce Safety stock

Economic Order Quantity

EOQ backorder, reorder point

3. Introduction to statistics

Mean, Mode and Median

Standard deviation and variance

Standard Normal distribution

King’s or normal distribution of Safety stock

Normal distribution with lead time and demand variation

Problems with ABC Analysis

Introduction to ABC – XYZ Inventory Optimization

4. Inventory finance and accounting

Introduction to retail finance

Income statement and cash flow statement

Introduction to asset and margin management

The strategic profit model in retail

Walmart and Tiffany’s financial statement

Who this course is for:
Students who wanted to study about logistics, supply chain and operations management
Working professionals who wanted to become logistics manager ,supply chain manager and operations manager

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