Master Course In Inventory Management And Inventory Control

Inventory Management, Inventory Control, Logistics management, Supply Chain and Stocks management, Warehouse management

What you'll learn

Learning Introduction and the importance of inventory management and inventory control

Understanding Inventory formula, benefits, purpose and types of inventory management

Analyze the Process of Inventory Management and Techniques for Small Businesses

Learning best practices, advantages, processes and types of inventory control

Analyze the Inventory control techniques and methods of operations management and cost accounting

Requirements

No programming experience needed. You will learn everything you need to know

Description

Master course in Inventory management and Inventory Control: In inventory management, you order and store supplies for your business. A company's inventory management department orders supplies and houses supplies and finished products. An overview makes inventory management sound easy. You'd think ordering supplies and putting them in a warehouse would be pretty easy, wouldn't you? Inventory management, however, keeps track of all supplies so a company can quickly identify when it's time to reorder something. Buying supplies depends entirely on the demand for the end products a company makes.Inventory management: how does it work?There are two ways to look at end-product demand: independent demand and dependent demand. First of all, independent demand is when the amount required isn't dependent on another supply. Customers usually buy these finished goods. In inventory management, independent demand comes from previous sales history, forecasts, educated estimates, and purchased orders.Dependent demand, by contrast, is needed when one supply is predicated on another. In dependent demand, raw materials are used to make finished goods and end products.Concept of Inventory Control:Inventory control refers to a lot of different things that are related only in that both require adequate inventory records and receipts and issues corresponding to these two functions. Control over accounting and control over operations are interpreted as one.Inventories are controlled by properly recording receipts and consumption of materials, as well as the flow of goods through the factory and to the customer.Besides raw materials, work-in-progress, and semi-finished products, it also protects the undertaking's property. In inventory control, inventory levels are maintained at an optimum level based on operational needs and financial resources.The 5 major topics I want to cover in this master's course are:1. Introduction and the importance of inventory management and inventory control2. Inventory formula, benefits, purpose and types of inventory management3. Process of Inventory Management and Techniques for Small Businesses4. Best practices, advantages, processes and types of inventory control5. Inventory control techniques and methods of operations management and cost accountingMaster course in Inventory management and Inventory Control:In inventory management, you order and store supplies for your business. A company's inventory management department orders supplies and houses supplies and finished products. An overview makes inventory management sound easy. You'd think ordering supplies and putting them in a warehouse would be pretty easy, wouldn't you? Inventory management, however, keeps track of all supplies so a company can quickly identify when it's time to reorder something. Buying supplies depends entirely on the demand for the end products a company makes.Inventory management: how does it work?There are two ways to look at end-product demand: independent demand and dependent demand. First of all, independent demand is when the amount required isn't dependent on another supply. Customers usually buy these finished goods. In inventory management, independent demand comes from previous sales history, forecasts, educated estimates, and purchased orders.Dependent demand, by contrast, is needed when one supply is predicated on another. In dependent demand, raw materials are used to make finished goods and end products.Concept of Inventory Control:Inventory control refers to a lot of different things that are related only in that both require adequate inventory records and receipts and issues corresponding to these two functions. Control over accounting and control over operations are interpreted as one.Inventories are controlled by properly recording receipts and consumption of materials, as well as the flow of goods through the factory and to the customer.Besides raw materials, work-in-progress, and semi-finished products, it also protects the undertaking's property. In inventory control, inventory levels are maintained at an optimum level based on operational needs and financial resources. This course cover the content of Inventory Management, Inventory Control, Logistics management, Supply Chain and Stocks management,  Warehouse management and Droposhipping process.The 5 major topics I want to cover in this master's course are:1. Introduction and the importance of inventory management and inventory control2. Inventory formula, benefits, purpose and types of inventory management3. Process of Inventory Management and Techniques for Small Businesses4. Best practices, advantages, processes and types of inventory control5. Inventory control techniques and methods of operations management and cost accounting

Overview

Section 1: Master Course in Inventory Management and Inventory Control - Video Lectures

Lecture 1 Introduction and the importance of inventory management and inventory control

Lecture 2 Inventory formula, benefits, purpose and types of inventory management

Lecture 3 Process of Inventory Management and Techniques for Small Businesses

Lecture 4 Best practices, advantages, processes and types of inventory control

Lecture 5 Inventory control techniques, methods of operations management, cost accounting

All UG, PG Business students, Warehouse and Inventory managers, Logistics and supply chain managers, executives and Interested learners for Inventory management and Inventory control