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LinkedIn Learning

Inventory Management Foundations

via LinkedIn Learning

Overview

Learn how to effectively manage inventory within your company. Explore analytical tools and control systems that can help you improve your inventory management efforts.

Syllabus

Introduction
  • What is inventory management?
1. Understanding Inventory
  • Inventory management defined
  • Types of inventories
  • View inventory as money
  • Costs of inventory
2. Understanding Inventory Management
  • The right amount of inventory
  • Reasons to hold inventory
  • Understand production inventory
  • Understand finished goods inventory
  • Manage service inventory
3. Inventory Control Systems
  • Sales and operations plan
  • Demand forecasting
  • Enterprise resource planning (ERP)
  • Materials requirements plan
4. Inventory Analytical Tools
  • Radio frequency identification (RFID)
  • ABC analysis
  • Total cost analysis
  • Economic order quantity
5. Inventory Management Methods
  • Cycle counting
  • Three inventory models
  • Vendor-managed inventory
  • Collaborative inventory management
Conclusion
  • Going further with inventory management

Taught by

Steven Brown

Reviews

4.8 rating at LinkedIn Learning based on 4900 ratings

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