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Inventory Control - Mastering the Essentials for Beginners
171 students
Inventory Control - Mastering the Essentials for Beginners
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
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Course content
7 sections • 24 lectures • 2h 27m total length
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.
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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