Operations Management: Inventory Management
WHO CAN ACCESS THIS COURSE :-
- Anybody working in activities the executives or another practical zone, who is hoping to increase a working comprehension of the tasks capacities in a help or assembling association
WHAT ARE YOUR REQUIREMENTS FOR THIS COURSE ?
- This course has no special requirements or prerequisites
WHAT YOU ARE GOING TO LEARN FROM THIS COURSE ?
- Match sorts of stock with their portrayal.
- Distinguish key attributes and difficulties of stock administration in administration associations.
- Match stock valuation techniques with their portrayals.
- Arrange instances of stock expenses as being acquisition, holding, or stock-out expenses.
- Figure the financial request amount and the reorder point in a given stock administration situation.
- Distinguish key qualities of ABC investigation, MRP, ERP, and JIT.
The seminar on Inventory Management is important for the Operations Management Training Program which incorporates various eight areas additionally introduced as individual courses for your benefit.
Everything organizations require to procure and keep up stock to create their merchandise or to offer their types of assistance. These provisions empower the organization to work. Stock can be comprised of crude materials, work in progress, and completed products. Stock levels must be overseen cautiously. An organization should consistently have the perfect degrees of stock at the perfect time.
On the off chance that an organization has a lot of stock, it winds up paying additional capacity costs. Yet, on the off chance that the organization has too little stock, it will be unable to meet client orders. Finding the harmony between fulfilling client need and limiting expenses is vital.
Checking and overseeing stock are significant worries for activities the executives. Stock administrators must know how much their provisions are worth. Furthermore, they have to realize the amount it costs them to purchase and store those provisions.
Stock supervisors likewise need to turn out to be how much stock to request to fulfill client need. Also, they need to realize when it’s an ideal opportunity to arrange new supplies. Stock administration devices empower stock chiefs to guarantee they keep up ideal degrees of stock.
Stock administration is an exceptionally unpredictable ability. Various organizations utilize distinctive stock administration procedures. This course intends to present some fundamental stock administration procedures. Organizations would then be able to apply these essential aptitudes to meet their own stock prerequisites.
That is it! Presently feel free to push that “Take this course” catch, and see you within!
- 1 section • 29 lectures • 1h 45m total length
Inventory Management29 lectures • 1hr 45min
- Course OverviewPreview02:14
- Program OverviewPreview06:45
- Course GuidelinesPreview03:25
- Understanding Inventory01:08
- Advantages of Managing Inventory04:47
- Types of Inventory07:05
- Understanding Inventory Management02:20
- Inventory Management in Services05:53
- Inventory Value and Cost01:04
- Inventory Costs00:05
- Inventory Valuation Methods07:37
- Types of Inventory Costs10:10
- The Value and Cost of Inventory03:40
- Inventory and Economic Order Quantity01:08
- Inventory Life-Cycle03:39
- Economic Order Quantity (EOQ)06:28
- Reorder Point (ROP)04:55
- Inventory and Economic Order Quantity02:34
- Inventory Management Tools01:23
- Inventory Management Tools Table00:06
- ABC Analysis03:56
- Material Requirements Planning (MRP)06:15
- Enterprise Resource Planning (ERP)04:12
- Calculating EOQ and ROP00:12
- Just-in-Time (JIT)06:59
- Inventory Management Tools04:13
- Course Project (optional)00:36
- Inventory Management02:09
- Inventory Management20 questions
- Bonus Lecture00:05