7 Lessons
1.8K Students
Rogelyn Mendoza
Great
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.
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What You'll Learn
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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
Course Content
7 Lessons • 31 m total
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4.5
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Overall rating
Reviews
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Arun Karama
An informatory course
MOHAMMED EL MOUSTAID
Gut
Cabdi Fitaax Maarey
“I came across some great lessons, and I was really impressed with them.”
EZ ALDIEN AL BALEELI
Nice
Elmer Tesara
Good
Magagi Souley Maman Sani
Impressionnant vraiment !
Anurag Singh
very informative
John Lloyd Bercero
Nice
Venkatesh S
Good and clear information with very good example
علي
Thanks for the information
Al Sajjad Mohammed
دورة ممتازة ومفيدة جداً، شكراً لكم."
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Inventory Management Course Description
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.
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