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
- Enrolled
- 19
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
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Supply Chain Professional · 8 courses
- 1Supply Chain ManagementFree
- 2Demand Planning and ForecastingFree
- 3Inventory OptimisationThis course
- 4Warehouse Operations ManagementFree
- 5International Trade, Customs and IncotermsFree
- 6Contractor and Supplier ManagementFree
- 7Supplier Quality ManagementFree
- 8Supply Chain Risk and ResilienceFree
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