The Art Of Managing Inventories In Supply Chains





The A-to-Z of Inventory Management and the Complete Guide to Smarter Inventory Analysis and Controls in Supply Chain.


What you'll learn
Understand the Core Principles of Inventory Management
Master Key Inventory Control Techniques
Apply Demand Forecasting and Inventory Optimization Strategies
Develop Effective Inventory Policies and Performance Metrics
Optimize Stock Levels for Cost Reduction
Implement Best Practices for Inventory Management
Build a Collaborative Supply Chain Approach
Requirements
Basic Understanding of Business and Supply Chain Concepts
Interest in Operations, Logistics, or Supply Chain Management
Description
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:Key principles and best practices of inventory managementTechniques to forecast demand and manage stock levels effectivelyMethods for reducing costs through inventory optimizationTools to create effective inventory policies and performance metricsPractical steps to tackle challenges like stockouts, overstocking, and lead time variability
Overview
Section 1: Trainer & Course Introduction
Lecture 1 Introduction to Course
Lecture 2 Trainer Profile
Lecture 3 Course Contents
Section 2: Inventory Defined
Lecture 4 Why Supply Chain is having CHAIN ?
Lecture 5 Need for Inventories !
Lecture 6 Inventory More or Less ?
Lecture 7 Basic Definitions - Stock, Item & Units
Lecture 8 Inventory defined with examples
Lecture 9 What is Inventory Management ?
Lecture 10 Why do firms carry inventories ?
Lecture 11 "Inventory is a necessary Evil". Why ?
Lecture 12 Inventory Management KPIs
Lecture 13 Push Vs. Pull & Hybrid Model - With Examples
Section 3: Inventory Types & Costs
Lecture 14 Types & Classification
Lecture 15 Types - Based on Nature of Use
Lecture 16 Types - Based on Finished Goods
Lecture 17 Inventory Cost & Concept of TCO
Section 4: Inventory Forecasting
Lecture 18 What is Inventory Forecasting ?
Lecture 19 Benefits of Forecasting
Lecture 20 Basic Forecasting Approaches
Section 5: Inventory Procurement
Lecture 21 What is Procurement ?
Lecture 22 Procurement = Sourcing + Purchasing
Lecture 23 Goals of Procurement
Lecture 24 7 R's of Procurement
Lecture 25 Why Procurement is Important ?
Lecture 26 Procure to Pay (P2P) Cycle
Lecture 27 Source to Pay & Procure to Pay
Lecture 28 Kraljic Matrix in Procurement
Lecture 29 Value Analysis Vs. Value Engineering
Lecture 30 Cost Based Pricing Models
Section 6: Inventory Storage
Lecture 31 What is Warehousing ?
Lecture 32 Warehousing & Inventory Management
Lecture 33 Warehousing - Space & Time Management
Lecture 34 Warehousing Layouts
Lecture 35 Need for Warehousing !
Lecture 36 Issues Effecting Warehousing
Lecture 37 Methods of Evaluation in Warehouse Locations
Lecture 38 Economical Benefits of Warehousing
Lecture 39 Warehousing KPIs
Lecture 40 Warehouse Item Coding Structure
Lecture 41 Warehouse Management System (WMS)
Section 7: Inventory Analysis
Lecture 42 Mechanics of Inventory Control
Lecture 43 Inventory Control & Analysis - Stock Levels
Lecture 44 When to Order ?
Lecture 45 How much to Order ? EOQ with example
Lecture 46 Selective Inventory Controls
Lecture 47 Inventory KPIs
Section 8: Inventory Accounting
Lecture 48 How to Account Inventory ?
Lecture 49 Key Formulas
Lecture 50 Inventory Valuation Methods
Section 9: Inventory Tracking
Lecture 51 What is Barcode & QR Codes ?
Lecture 52 Benefits of Barcoding
Lecture 53 Radio Frequency Identification (RFID)
Lecture 54 Word of Thanks
Supply Chain personnel,Inventory & Procurement personnel




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