Inventory Control - Mastering the Essentials for Beginners

Inventory Control - Mastering the Essentials for Beginners

Inventory Management, Inventory Control, Stock Control, Automation



Sub Category

  • Management

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Objectives

  • Identified inventory management challenges
  • Recognized inefficient inventory practices
  • Understand inventory's impact on cash flow
  • Applied ABC classification using the 80/20 rule
  • Developed category-specific strategies
  • Understand the roles and types of inventory
  • Apply modern inventory management methods such as JIT, EOQ, and ABC
  • Leverage technology to automate and streamline inventory control
  • Utilize metrics to measure efficiency (GMROI and Turnover)
  • Reduce stockouts, increase turns, and optimize reorder points


Pre Requisites

  1. No prior experience needed.


FAQ

  • Q. How long do I have access to the course materials?
    • A. You can view and review the lecture materials indefinitely, like an on-demand channel.
  • Q. Can I take my courses with me wherever I go?
    • A. Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!



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