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Inventory Management

Course Reviews

Track :

Business

Lessons no : 7

For Free Certificate After Complete The Course

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What will you learn in this course?
  • Identify and categorize the four main types of inventory including raw materials, WIP, finished goods, and MRO materials effectively manage inventory levels using proven techniques like EOQ and safety stock Apply ABC analysis and JIT methods to optimize inventory turnover and reduce holding costs Implement FIFO and LIFO inventory methods to improve stock accuracy and valuation Calculate reorder points and batch tracking for efficient inventory replenishment and control

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  • The Certificate is free !
Lessons | 7

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Davies Bwalya

Excellent 2025-09-01

vincent siame

Good 2025-08-29

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Nice 2025-08-29

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NICE 2025-08-27

MARK GEL REBUCAS DELAUTA

nice 2025-08-26

Monica Mushishi

Well analysef 2025-08-25

M. Ragupathy

Improve my skills from this course. It's very excellent 2025-08-23

barro kassim

BIEN 2025-08-20

ANDROMEDA C. J AKRONG

GOOD 2025-08-18

Michael Cas

Helpfull for people who just want to learn new skill 2025-08-14

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Helpful 2025-08-12

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very good informative 2025-08-12

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What are the 4 types of inventory? There are four main types of inventory: raw materials/components, WIP, finished goods and MRO.What are the methods of inventory management? Inventory Management Techniques Economic order quantity. ... Minimum order quantity. ... ABC analysis. ... Just-in-time inventory management. ... Safety stock inventory. ... FIFO and LIFO. ... Reorder point formula. ... Batch tracking.What is the main purpose of inventory management? The primary purpose of inventory management is to ensure there is enough goods or materials to meet demand without creating overstock, or excess inventory.