Inventory Control - Mastering the Essentials for Beginners

Name: Inventory Control - Mastering the Essentials for Beginners
Rating: 5.0 (2 reviews)

Inventory Management, Inventory Control, Stock Control, Automation

Created byGarry King

Last updated 11/2025

English

What you'll learn

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

Course content

7 sections • 24 lectures • 2h 27m total length

Inventory Control - Chris' background0:53
Chris from Lux Fusion Enterprises shares 26 years of logistics experience across private sector, government, and military, connecting principles to real world operational planning and strategic execution.
Inventory Control - Master the Strategies for Supply Chain0:48
Brief Course Overview

Inventory Control Fundamentals, Types, and Management3:03
Inventory Roles - Demand, Production Buffer & Capital8:49
Inventory Management Principles_ JIT, EOQ, ABC, FIFO_LIFO8:23
Explore the four cornerstone inventory principles: jit, eoq, abc analysis, and fifo-lifo, driving lean inventories, cost reduction, demand-driven production, and strategic stock rotation.
Inventory Control_ 3 Key Metrics That Will Boost Your Sales!3:15
#1 Inventory Management_ Challenges, Solutions, and Strategies10:32
#2 Inventory Management_ Balancing Overstocking & Understocking5:47

Inventory Management - 5 Key Components You Need to Know!2:43
Master inventory management by exploring the five components—ordering and procurement, storing, tracking and monitoring, selling and restocking, and optimization—and techniques like just-in-time, ABC analysis, EOQ, safety stock, and forecasting.
JIT Inventory - Masterclass on Efficiency and Cost Reduction6:47
Master the just-in-time inventory approach to reduce costs and waste by aligning orders with production schedules using Kanban and lean practices. Build resilience via supplier collaboration, ERP, and contingency planning.
ABC Analysis_ Optimize Inventory & Boost Your Profits!6:19
Excel ABC Analysis - Working Smarter, Not Harder!11:55
EOQ - Economic Order Quantity - Formulas & Best Practices5:14
Calculate the economic order quantity using the eoq formula to minimize total inventory costs, then implement data-driven reorder points and automated purchasing with moqs and supplier constraints.
M2L5_Safety Stock Management - Formulas, Best Practices, & Optimization4:54
Apply safety stock formulas and service level targets to prevent stockouts amid demand variability and lead time changes, while leveraging historical data, supplier collaboration, and inventory software.
FIFO & Cycle Counting Inventory Management Mastery13:11
Master FIFO and cycle counting to reduce spoilage and obsolescence. Implement strict receiving, track expiration dates, and use inventory software with barcoding or RFID for real-time stock accuracy.
Master Automation & Supplier Management - Ultimate Guide9:47
Supplier Management - Key Benefits for Business Growth1:19
Master supplier management to boost efficiency, cut costs, and improve accuracy through better supplier data. Build strong supplier relationships and proactive risk monitoring to prevent disruptions and drive value.
Lean Inventory & Demand Forecasting ? What's Next?8:36
Master lean inventory and demand forecasting to reduce waste and align production with actual or predicted customer needs, using JIT, pull systems, Kaizen, and data analysis.

Inventory Control - Tech & Automation for Business Success6:01
Inventory Management Technologies - Real-Time Tracking & AI8:21
Explore real-time tracking and data capture with AI, ML, RFID, barcodes, QR codes, NFC, and IoT sensors for accurate demand forecasting and prescriptive insights in inventory management.
Inventory Management Automation - Benefits, Efficiency & Growth4:48
Discover how inventory management automation boosts accuracy, efficiency, and real-time visibility while reducing costs. It enables data-driven demand forecasting, minimizes stockouts, and supports stock level optimization and scalable growth.
Inventory Management - Overcoming Implementation Challenges4:32
Navigate implementation challenges in inventory management by balancing investment in technology with training and integration, addressing data accuracy, real-time visibility, and change management for scalable, secure systems.
Future of Inventory - AI, Blockchain, and Robotics Trends5:35

Requirements

No prior experience needed.

Description

Transform your inventory management with practical, proven strategies that boost your bottom line! This course equips small business owners with simple yet powerful techniques to classify inventory, analyze turnover, and calculate optimal stock levels—all without complex spreadsheets or expensive software.

This comprehensive course empowers business leaders, managers, and entrepreneurs to take complete control of their inventory operations and transform them into engines of profitability. Participants will explore:

The core principles of inventory management,
Identifying inefficiencies and minimizing waste
Optimizing turnover and maintaining financial health.

Through practical lessons and real-world examples, the course guides learners in applying proven strategies such as:

1. ABC classification

2. The 80/20 Rule to prioritize high-impact inventory categories and streamline decision-making.

Learners will also examine:

Critical relationship between inventory and cash flow
Discovering how to balance stock levels to maximize liquidity and customer satisfaction.

Each module builds on the last, leading participants through data-driven methods for forecasting, categorizing, and developing category-specific strategies tailored to their unique business needs.

By the end of this course, participants will have a clear understanding of how to transform stagnant stock into strategic assets, leverage technology to improve visibility and accuracy, and implement preventive measures to keep operations running smoothly. Your Inventory Journey equips you with the confidence, tools, and mindset to lead inventory operations that drive growth, sustainability, and long-term success. By the end, you will also be able to confidently calculate EOQ, safety stock, reorder points, and ABC classification.

#inventorycontrol #supplychainmanagement #logistics #warehousemanagement

#inventorystock #warehouseoperations #businessbasics #smallbusiness101

#ecommercebusiness #udemycourse #lxfusion

Who this course is for:

Small business owners (retail, e-commerce, crafts, etc.)
Entry-level warehouse & logistics workers
Aspiring supply chain professionals
Inventory clerks & new analysts
Students studying business or supply chain
People preparing for logistics certifications
New supply chain professionals
Operations managers transitioning roles
Students with no inventory background
Supply Chain Coordinator seeking promotion

Inventory Control - Mastering the Essentials for Beginners

What you'll learn

Explore related topics

Course content

Introduction2 lectures • 2min

Module 1 - Inventory Control Fundamentals6 lectures • 40min

INVENTORY MANAGEMENT TECHNIQUES AND BEST PRACTICES10 lectures • 1hr 11min

TECHNOLOGY AND AUTOMATION IN INVENTORY CONTROL5 lectures • 29min

PRACTICAL EXERCISES0

Master Inventory Control - Course Review1 lecture • 6min

QUIZ SECTION0

Requirements

Description

Who this course is for: