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Inventory Management

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Track :

Business

Lessons no : 7

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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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Lessons | 7

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Muhammed Abubakar 

awesome so happy for this and i really appreciate
2026-01-28

Nanda Gopal Reddy Sattaru 

Good information and Explanation with general examples is nice.
2026-01-26

Akhlaq Ahmed 

Very informative
2026-01-19

Samuel mwasile 

These are very informative
2025-12-29

Mohammad Abdikadir 

good educational platform
2025-12-27

Maaz Khan 

Good
2025-12-22

Tell Ntales 

Resourceful
2025-12-21

Balamurugan Madhavan 

Thanks
2025-12-19

Muhamad Fajar 

goood
2025-12-18

Yusuf abdurrahman Elvag 

good
2025-12-02

Aakash Sisodiya 

Nicee
2025-11-29

Helloo 

Nice
2025-11-22

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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.