Introduction
- Introduction
- Purpose & Types of Inventory
- Inventory Valuation
- Obsolete Inventory Management
- Order Quantity
- MRP & ERP
- Safety Stock
- Cycle Counting
What you'll learn
- Understand fundamentals of Inventory management
- Types of inventory
- Inventory cost valuation
- Cycle counting
Description
Description
If you are a small business owner or a large retailer, you need to know how inventory management works. Inventory management is the process of tracking, controlling your company’s inventory as it is purchased, manufactured, stored, consumed. It controls movement and flow of goods from the supplier to the storeroom to the consumer. In today’s competitive environment, inventory management is one of the core skills that will help your business thrive.
What is Inventory Management?
Inventory management is the process of tracking and controlling your company’s inventory as it is purchased, manufactured, stored, and consumed. It controls the entire flow of items, from purchase to sale, ensuring that you will always have the right quantities of the right item in the right location at the right time.
What is the workflow for inventory management?
Inventory management works on a basic level by tracking items, components, and ingredients across suppliers, stock on hand, manufacturing, and sales to ensure that stock is used as efficiently and effectively as appropriate. It may go as far as you need it to, such as studying the distinction between dependent and independent demand or predicting sales to plan ahead. But, in the end, it all comes down to your stock.
About the instructors
- 4.28 Calificación
- 4550 Estudiantes
- 12 Cursos
Pattabhi Raman
Exp. Supply Chain Professional, APICS- CPIM, CSCP, CLTD
Founder & Chief consultant at Exxpert SCM, Bangalore
* Organizational experience of 25 years
* APICS Certified: CPIM, CSCP, CLTD, DDI Certified - DDPP, ISM Certified - CPM, PMI Certified - PMP
* Analytics qualified, Expert in Supply Chain Analytics
* Trained for Training(Train the Trainer)
# All above 4 qualities makes a perfect Supply Chain Trainer, which is possible with only trainers globally
He has wide experience of three decades in manufacturing sector comprising automotive, and machinery.
He has worked in India and Abroad in MNCs such as BOSCH, WABCO, VISTEON and BIESSE. He has held various senior positions in supply chain such as GM – Supply chain, GM – Material Planning and Logistics.
He has lead and managed large teams of supply chain professionals specializing in areas such as warehouse and distribution management, logistics management and material planning. He has successfully implemented various supply chain processes, optimization projects, ERP implementation projects and cost saving projects etc.
Last 5 years, he is heading the current organization, providing both consulting & training. One of the popular program is "Supply Chain Analytics" which has the global audiences and appreciated by peers.
Our organization provides both live and self paced programs
Student feedback
4.15
Course Rating
Reviews
Miriam Ferrel
30-11-2023
Hard to focus with the occasional background noise of cars passing. Also, accent was a little hard to follow. Otherwise very good information to know.
Isaiah Osiemete
08-10-2023
very interesting and educative