Warehouse & inventory Management

Explore the objectives and trade-offs of inventory management, including minimizing investment and costs while maximizing service level and analyzing inventory turnover to ensure customer satisfaction.

Learn how inventory management balances cost and service by maximizing turnover and reducing stock through internal finance strategies, production decisions, and safety stock, to achieve desired customer satisfaction levels.

Top management sets annual inventory levels and safety stock through an SOP, aligning demand management with supply to meet customer needs while minimizing carrying costs and enabling lean, just-in-time practices.

Explore the five inventory cost types: item, carrying, ordering, stock-out, and capacity costs, and how their sum shapes total cost and the stock and customer satisfaction trade-off.

Explore anticipation, seasonal, lot size, transportation, risk hedge, and safety stock types, and learn to balance cycle stock and reorder points to optimize cost and meet demand.

Evaluate when to apply FIFO and LIFO for inventory by product type, comparing perishable vegetables to bricks, and noting how mixed methods and average cost affect cost of goods sold.

Learn how inventory costs—item cost, carrying costs (capital, storage, risk), ordering costs, stockouts, and capacity planning—shape supply chains.

Discover how inventory shapes the balance sheet by linking assets, liabilities, and owner equity, and see how capex and opex influence this computation.

Compare year-end balance sheets to reveal assets, liabilities, and owner equity, detailing current and fixed assets, cash, inventory components, receivables, payables, and depreciation.

Explore owner equities—stock level, additional paid in capital, and retained earnings—and their impact on balance sheet. Note inventory at $621 as a major current asset and the assets-liabilities-owner equities relationship.

Learn how the income statement derives profit from revenue minus expenses, detailing cost of goods, operating costs, depreciation, interest, and how inventory, procurement, and the balance sheet relate.

Track revenue on income statement, subtract cost of goods sold to obtain gross profit. Subtract operating expenses, depreciation, and interest to reach net income, noting inventory's impact on balance sheet.

Master the cash flow statement by tracking wages, debt payments, and cash in and cash out. See how inventory and assets, direct materials, direct labor, and overheads influence liquidity.

Explore the cash flow statement with three sections—operating, investing (capex), and financing—and learn how net income after tax, depreciation, inventory, receivables and payables affect cash flow and ending cash today.

Increase understanding of inventory turnover by linking balance sheet average inventory to annual COGS from the income statement, showing how converting current assets into sales boosts cash flow and profitability.

Calculate days of supply by dividing on-hand inventory by average daily usage, using history or forecast to estimate usage, and account for lead times and reorder policies.

Learn how safety lead time guards replenishment against lead time fluctuation and avoids stockouts, using demand variability during lead time, targeted customer satisfaction level, order frequency, and lead time duration.

Explore how stock keeping units enable location-based traceability via barcode, erp, and point of sales, and how policies classify items and set safety stock and reorder points.

Apply abc inventory control to classify items into critical few, average, and trivial many using Pareto’s 80/20 rule, guided by annual dollar usage, bottlenecks, shelf life, and lead time.

this lecture explains order quantity and frequency, introducing four methods: lot-to-lot, fixed order quantity, order period of supply, and economic order quantity, to minimize inventory investment and transportation cost.

Explore fixed order quantity and period-based replenishment strategies to optimize inventory, using reorder points, min-max systems, and economic order quantity concepts.

Explore economic order quantity to determine the optimal fixed order size that minimizes total inventory cost, considering carrying and ordering costs and the key assumptions.

Compare just-in-time and min-max inventory strategies, highlighting min-max’s safety stock, high holding costs, obsolescence risk, and financing needs in cyclical or seasonal demand.

Explore the Dell push-pull inventory strategy, combining minimal inventory with make-to-stock and make-to-order through a strong build-to-order platform, direct sales, and assembled-to-order execution.