Udemy

Inventory Management and Warehousing Master class

Learn to minimize costs, Improve efficiency using Inventory control technique like EOQ and Safety Stock
Free tutorial
Rating: 4.3 out of 5 (194 ratings)
7,909 students
1hr 55min of on-demand video
English
English [Auto]

Types of Inventory Management
Economic order Quantity
Demand and Lead time variation on safety stock
Cost minimization technique
Cost in Inventory Management
EOQ with constraint of batch size and discount
EOQ with backorder
King's or normal distribution of Safety stock
ABC Analysis and ABC-XYZ analysis
Inventory turnover ratio
Sales to stock ratio

Requirements

  • Basic knowledge of logistics and supply chain operations and terminology

Description

As famously said by Warren Buffet 'Cash is King'.

Inventory mismanagement is the biggest reason behind low cash flow in a business.

This MBA-style course will turbo-charge your career and will make a REAL difference in your supply chain and retail business.

To run business operations every organization needs to optimize its Inventory management so that it can reduce cost and make use of all its resources.

You must learn the steps required to make Inventory management part of your supply chain integration and procurement process. Also, one of the biggest problems you will face in any organization is the lack of proper inventory planning and controlling the flow of materials.


  1. Inventory Basics and Optimization

    • Grasp the fundamentals of Inventory Management.

    • Explore various types of Inventory Management systems.

    • Learn to determine the optimal stock levels.

    • Delve into Inventory Optimization techniques.

    • Understand the various costs involved in Inventory Management.

    • Gain insight into key Inventory Management terminologies.

    • Analyze the cost implications of inventory.

  2. Safety Stock, Economic Order Quantity (EOQ), and Lead Time

    • Master different Safety Stock Techniques.

    • Learn to calculate Safety Stock and Reorder Points.

    • Understand the impact of service levels on safety stock.

    • Discover strategies to reduce Safety Stock.

    • Dive into Economic Order Quantity (EOQ) concepts.

    • Explore EOQ variations including backorder and reorder point considerations.

By the end of this course, you will be equipped with the knowledge to make informed decisions about inventory management, leading to improved operational efficiency, cost savings, and a better bottom line for your business. Whether you're a budding entrepreneur, a retail manager, or a supply chain professional, this course will empower you with the skills needed to manage inventory effectively.

Who this course is for:

  • Students who wanted to study about logistics, supply chain and operations management
  • Working professionals who wanted to become logistics manager ,supply chain manager and operations manager

Instructor

Product Manager | MBA |
Navdeep Yadav
  • 4.3 Instructor Rating
  • 5,942 Reviews
  • 279,706 Students
  • 15 Courses

Navdeep Yadav is an accomplished Udemy instructor specializing in business and product management. With extensive experience in diverse industries, from healthcare to SaaS (software as a service), and holding an MBA degree, Navdeep offers a unique perspective to his students. As a seasoned Product Manager, he brings a wealth of knowledge and practical insights from his tenure in various companies.

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