Online · Self-pacedFreeManagement & LeadershipIntermediateEnglish
Inventory Optimisation
Follows on from Supply Chain Management and Operations Management, for planners, buyers and finance staff who set stock policies. Learn to classify items with ABC-XYZ analysis, set order quantities with the EOQ and lot-sizing rules, calculate safety stock for a chosen service level, choose review policies, and manage slow movers, excess stock and stock across a network. Every method comes with worked examples, and the course closes with targets, governance and a full case.
Taught by iCompetent
- Modules
- 7
- Lessons
- 33
- Duration
- 7h 5m
- Level
- Intermediate
- Quizzes
- 7 graded
Course content
7 modules · 33 lessons · 7h 5m
What inventory optimisation tries to achieve, the three families of cost it balances — holding, ordering and shortage — and the stock policy decisions the rest of the course works through.
- What Inventory Optimisation Is ForPreview12 min
- Holding Cost: Capital, Storage and Obsolescence13 min
- Ordering Cost and Shortage Cost12 min
- The Total Cost Trade-off13 min
- The Stock Policy Decisions and Who Makes Them12 min
- The Purpose and Costs of Inventory — quiz8 questions · pass 70%
Topics covered
Inventory Management
Safety Stock
Economic Order Quantity
Service Levels
Supply Chain Planning
Working Capital
Prefer to learn with a trainer?
We deliver the same material as classroom and in-house programmes, tailored to your team and your site.
Browse classroom coursesPart of these programs
This course is in the programs below. When you finish it, it counts in each of them.
Reviews
No one has reviewed this course yet. If you have taken it, yours would be the first.
There are no published reviews for this course yet.
Write a review
Checking your account…