The Art of Managing Inventories in Supply Chains
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Mastering inventory management is essential for businesses to minimize costs, ensure availability, and drive operational efficiency. The Art of Managing Inventories is a comprehensive course designed to help you understand and implement effective inventory management strategies, whether you’re new to the field or looking to advance your skills.
In this course, you’ll dive into the fundamentals of inventory control, from understanding stock types and determining optimal levels to mastering advanced techniques like demand forecasting, safety stock calculation, and inventory optimization. With practical insights and real-world examples, you’ll learn how to balance supply with demand, reduce stockouts and overstock situations, and create a more resilient inventory system.
Throughout the course, you’ll explore essential inventory management tools and concepts, including Economic Order Quantity (EOQ), ABC analysis, Just-in-Time (JIT) systems, and cycle counting. By the end, you’ll have the knowledge and skills to implement strategies that align inventory performance with business goals, driving cost efficiency and customer satisfaction.
What You’ll Learn:
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Key principles and best practices of inventory management
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Techniques to forecast demand and manage stock levels effectively
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Methods for reducing costs through inventory optimization
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Tools to create effective inventory policies and performance metrics
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Practical steps to tackle challenges like stockouts, overstocking, and lead time variability
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4Why Supply Chain is having CHAIN ?Video lesson
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5Need for Inventories !Video lesson
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6Inventory More or Less ?Video lesson
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7Basic Definitions - Stock, Item & UnitsVideo lesson
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8Inventory defined with examplesVideo lesson
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9What is Inventory Management ?Video lesson
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10Why do firms carry inventories ?Video lesson
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11"Inventory is a necessary Evil". Why ?Video lesson
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12Inventory Management KPIsVideo lesson
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13Push Vs. Pull & Hybrid Model - With ExamplesVideo lesson
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14Progress CheckQuiz
Let's answer the questions given to check your progress so far.
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24What is Procurement ?Video lesson
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25Procurement = Sourcing + PurchasingVideo lesson
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26Goals of ProcurementVideo lesson
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277 R's of ProcurementVideo lesson
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28Why Procurement is Important ?Video lesson
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29Procure to Pay (P2P) CycleVideo lesson
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30Source to Pay & Procure to PayVideo lesson
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31Kraljic Matrix in ProcurementVideo lesson
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32Value Analysis Vs. Value EngineeringVideo lesson
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33Cost Based Pricing ModelsVideo lesson
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34Progress CheckQuiz
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35What is Warehousing ?Video lesson
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36Warehousing & Inventory ManagementVideo lesson
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37Warehousing - Space & Time ManagementVideo lesson
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38Warehousing LayoutsVideo lesson
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39Need for Warehousing !Video lesson
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40Issues Effecting WarehousingVideo lesson
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41Methods of Evaluation in Warehouse LocationsVideo lesson
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42Economical Benefits of WarehousingVideo lesson
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43Warehousing KPIsVideo lesson
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44Warehouse Item Coding StructureVideo lesson
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45Warehouse Management System (WMS)Video lesson
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46Progress CheckQuiz

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