Course curriculum

    1. Welcome to the course

    2. Introduction to the course and the instructor

    3. Understanding the importance of inventory management

    4. Key objectives and benefits of efficient inventory control

    5. Common inventory management challenges and pitfalls

    6. Overview of inventory systems and technology

    7. Additional resources

    1. Supply and demand

    2. Replenishment order and lot size

    3. Lead time, demand during lead time, and replenishment period

    4. Inventory position, reorder point, and order-up-to level

    5. Additional resources

    1. Methods for forecasting demand and sales – Part 1

    2. Methods for forecasting demand and sales – Part 2

    3. Data analysis and historical sales patterns

    4. Forecasting requirements through material requirements planning (MRP)

    5. Additional resources

    1. Inventory related costs

    2. Inventory related costs

    3. Just-in-Time (JIT) inventory management

    4. Inventory optimization Part 1: Cost minimization, economic order quantity (EOQ) model and its extensions

    5. Inventory optimization Part 2: Determining safety stocks and reorder points

    6. Additional resources

    1. Key performance indicators (KPIs) for inventory management

    2. Replenishment tracking and expediting

    3. Using technology for inventory modeling and optimization

    4. Lessons for inventory management professionals from lean manufacturing principles.

    5. Additional resources

About this course

  • Free
  • 28 lessons
  • 1.5 hours of video content

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