Inventory Management and Warehousing Master class

Learn to optimize inventory by balancing supply and demand, shaping inventory policy with EOQ, managing lead time, buffer and safety stock, avoiding stockouts, and maximizing profit through cost minimization.

Explore cost structure in inventory management, including purchasing costs, holding costs, transactional costs, economy of scale, economy of scope, and economic order quantity to optimize inventory and return on investment.

Explore how inventory management balances supply and demand, weighs storage and holding costs, and applies economic order quantity to reduce total costs.

Learn how to set safety stock using abc and abc x-y-z techniques, balancing demand variation, lead times, and margins to optimize inventory and avoid flat stock pitfalls.

Explore cyclic stock and safety stock, and how safety stock guards against demand and lead time uncertainty. Learn to calculate safety stock and reorder point using EOQ principles.

Understand how service level guides safety stock decisions, balancing inventory costs and stockouts, with factors like profit margin, space, core products, and alternatives.

Reduce safety stock by minimizing demand variation and lead time through pricing, lean supply, and smaller batch orders, while learning calculations like fixed safety stock, time-based, and average max.

Explore how the economic order quantity (eoq) minimizes total annual cost by balancing ordering costs and holding costs, guiding reorder level decisions and buffer stock under constant demand.

Calculate the economic order quantity (EOQ) for a retailer with 200 units annual demand, considering ordering and holding costs, a storage cost of 20 per unit, and 10% interest rate.

Learn to evaluate and reduce lead time by balancing demand variation and lead time variation, maintain safety stock, and use a statistical distribution to estimate inventory needs.

Compute the EOQ using ordering cost, demand rate, and holding cost to obtain 200; determine eight orders per year and a replenishment level of 13.15 with a 3-day lead time.

Evaluate the economic order quantity under a multiple-of-30 constraint by calculating total cost from order cost and holding cost, yielding a minimal 210-unit order.

Compute the economic order quantity under bulk discounts by evaluating price tiers, then identify the order quantity that minimizes total cost including setup, holding, and discount prices.

Analyze the production order quantity model from a manufacturer’s view, balancing setup costs, holding costs, daily demand, and production rate, to minimize total storage and production costs.

Analyze how back orders influence EOQ, including negative inventory, reorder points, lead time, and balancing carrying costs against shortage costs with the critical ratio.

This lecture explains the reorder point in a periodic inventory system, using lead time, daily demand, safety stock, and backorder considerations.

Explore how backorders modify EOQ, calculate the EOQ with backorders using shortage cost and excess inventory cost, and identify the reorder point under negative inventory.

Explore how ABC analysis ranks inventory by revenue, highlights the 80/20 rule, and guides stock decisions and category prioritization based on sell-through insights.

Explore the limitations of ABC analysis, including ignoring profitability, shelf life, and holding cost, and learn how ABC XYZ analysis incorporates lead time to prioritize fast-moving items.

The inventory management and warehousing master class explains Udemy's two-hour free course limit, the absence of certificates for free courses, and invites feedback on expanding to ten-hour course content.