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The top 5 Inventory Control courses you need to take

Inventory control is a good skill to learn if you want to become a junior sales associate, loader/unloader, or manager's assistant/administrative assistant. Here are the top courses to learn inventory control:

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1. Inventory Control Fundamentals

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4.3
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Inventory Control Fundamentals is a comprehensive video course where you can learn industry specific knowledge about inventory control. I have handcrafted this course to allow students to acquire core fundamental knowledge on how to master the art of inventory control. If you are a Professionals who are interested to work as an inventory manager or just got a job in the supply chain and look for ways to get foundation knowledge, you will find this course of great help to get the fundamental knowledge you need to kick start your professional career. This course can benefit anyone who wanted to work in any industry that needs to do inventory management. This course can help you to get an advantage at work or getting a job as it gives you core knowledge in inventory control that you would not have otherwise obtain unless you have worked in the industry. And knowledge is power. So let's get started! Let's start your fulfilling journey and mark an important point of your phenomenal career in this industry!...

2. Master Course in Inventory Management and Inventory Control

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4.1
(71)

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...

3. Supply Chain Management: Inventory Management and Control

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4.5
(656)

Practical Course on Realtime business knowledge for Inventory management in Supply Chain. As Inventory management is the heart of supply chain one needs to manage Inventory because inventory is deciding factor in profit and loss of your organization. As it is wisely said Inventory is money you have invested to make profit. This course will help you sell your Inventory fast and give you ROI for your inventory by keeping inventory at the lowest level. As the demand for Supply Chain Management professionals has increased a managers who can bring profit to the organization has also increased knowing your inventory levels is the most important thing in Supply Chain Management. This course will give you answers to all your question when you can fall in trouble by your wrong inventory decisions and what are the right moves for your inventory levels and tools to optimize your inventory in supply chain  ChaptersIntroduction to the Syllabus of the Course on Supply Chain: Inventory Management and ControlWhat is Inventory and Inventory ManagementBased on stage InventoryBased on Purpose InventoryWhy Inventory management is Important in Supply Chain?Advantages and Disadvantage of High and Low level of Inventory in Inventory ManagementCost of inventory and its importance in Inventory ManagementHidden Cost of  Inventory in Inventory ManagementReasons to hold extra Inventory in Inventory ManagementProduction Inventory ManagementFinished Goods Inventory & Supply Chain ManagementSales , Operation Plan and Outsourcing Inventory in Inventory ManagementForecasting Inventory level for future sales for better Inventory ManagementTools for Inventory Management and ControlMore Chapters will be added every week as over team is trying hard to constant update the course as the way of Supply Chain Management is changing every passing year keeping our content and our students updated on Supply Chain and Inventory Management is our primary focus Also a thing to once you enroll for this course you will have lifetime access to our course and update...

4. Supply Chain: Inventory Control & Safety Stock Calculation

udemy
4.5
(3,199)

The course is a vital topic in supply chain planning field for all type of planners. Safety stock & inventory control have huge impact on cash flow & profits of any manufacturing or trading companies.. You will be learning, firstly, how to calculate safety stock and there will be different types of equations in order to suit all industries. Also we will focus on how to optimize inventories levels with ten different methodologies. All planners shall be able to implement easily the materials of this course and drive saving from 1,000$ to 100,000$ per month. Ultimately, market share of your firm will grow with more revenues & profits...

5. Inventory Management: Safety Stock Calculation and Control

udemy
4.6
(434)

This MBA style course prepares and empowers you to calculate and control your Safety Stock. A crucial area of Inventory Management. The eternal question: How to balance the risk of stock-outs with the quantity of safety stock inventory held?... We cover 3 methods to calculate your Safety Stock - from super simple to advanced statistics: Method 1: Number of Days of Safety - A fast and very basic method to get a quick decision Method 2: HiHi-AvAv (my own name for a very established method ;)  Finding the difference between our high Lead Time Demand and the average to determine the level of cover we want from periods of high demand during a slow replenishment lead time. Method 3: Statistical Method - The most rigorous method. We model our Lead Time Demand as a Normal Distribution, determine our desired Service Level (acceptable risk of a stockout) and use a little help from some excel formulas to calculate our required Safety Stock and Re-Order Point quantity.  Course Sections:1. Inventory Control Introduction 2. Safety Stock Background 3. Inventory Dynamics4. Simple Safety Stock Calculations5. Calculating Safety Stock using Statistics6. Getting Your Data 7. Assumptions and Limitations of the Statistical Method8. Fixed Lead Time, Variable Demand: Method 3 Continued9. Variable Lead Time and Demand: Method 3 Continued10. Choosing your Service Level - Your Tolerance for Risk11. Probability of a Stockout Over Time - Calculating Risk12. Optimizing Safety Stock Levels13. Conclusion14. Bonus and AppendixThis course is for dedicated operations manager, the ambitious procurement professionals, the striving logistics supervisors, hands-on production planners and the practical business optimization analysts. Remove the guesswork and add structure to your crucial safety stock decisions. Take control of your inventory management to have and impact and improve your business operations - manufacturing, services, industrial operations and production. Equip yourself to take a new leading role in your workplace - improving your processes, systems & business / organization. Quantify your risk, calculate your inventory requirements and articulate your method - removing the guesswork and fearful overstockingDownloadable Summary PDF Documents  - throughout the courseAlmost all businesses have inventory: retail stores, factories, hospitals, hotels, car repair, warehousing, logistics and more - this means we all have to decide how much to hold and when to place an order from the suppliers for more. Place the order too late and, with a little extra demand than usual, you might stockout! Carry too much inventory and you pay for it in holding and financing costs every day, quietly sucking the profit from your business and crippling your cashflow and investment opportunities. Having enough stock available whilst minimising costs and risk is the fundamental balance that can determine your business's success. Getting a strong control and continuously improving your business operations is essential to remain competitive, improving profitability, improving customer experience and customer satisfaction, reducing costs and improving delivery. Without a solid grasp of safety stock and methods of calculation; no operations manager, can competently or confidently manage their risk without excessive costs. Be the one bringing clarity and structure to this most crucial decision! Specific Topics Covered in the Course: Why we need Safety StockConsequences of StockoutsCosts of InventoryInventory DynamicsQuick Calculations of Safety StockRigorous Statistical Method to calculate Safety StockHow to Model your Lead Time DemandHow to Determine your own desired Service LevelWhat the Probability of having a Stockout in a given period of timeHow we can Reduce our Need for Safety StockAlternatives to holding Safety StockTake control! Boost your career and your business!  Start learning today! FULL COURSE CONTENTS: Inventory Control Introduction 1. Benefits of Good Safety Stock Inventory Management2. Bond's Lobster Story3. What is Safety Stock - Why do we Need Buffer Stock?4. Much Obliged! Safety Stock Background 5. Supply Chain Trade Offs - Risk and Consequences of Stock-outs6. Supply Chain Trade Offs - Costs of InventoryInventory Dynamics7. Basic Inventory Dynamics - Introduction8. Basic Inventory Dynamics - Sawtooth9. Re-Order Point and Alternatives10. Purchasing Order Quantity Choices11. How much Safety Stock? - Procurement's Problem QuestionSimple Safety Stock Calculations12. Safety Stock Calculations - Introduction13. Method 1: Simple Inventory Control Formula: # Days of Safety14. Method 1: Practice Question: # Days of Safety15. Method 2: HiHi-AvAv - Protecting Against the Worst Case16. Method 2: HiHi-AvAv - Explanation17. Method 2: HiHi-AvAv - Practice 1 & Answer18. Method 2: HiHi-AvAv - Practice 219. Method 2: HiHi-AvAv - Practice 2 - 2nd round20. Method 2: HiHi-AvAv - SummaryCalculating Safety Stock: Method 3: Statistical Method21. Service Level and Statistical Distributions22. Introduction to the Statistical Method23. Service Levels and Statistical Variation24. Normal Distribution Modelling25. Service Level Definition26. Statistical Method - High Level Overview27. Jumping Ahead - A quick look28. Need to Refresh your Probability Knowledge?29. Normal Distribution Introduction30. Normal Distributions and Standard Deviations31. Lead Time Demand as a Normal Distribution32. Representing Service Level on the Bell Curve33. Steps Overview34. How Many Standard Deviations of Safety Stock35. Intermediate Practice Question36. Safety Stock in Retail - Example 237. Alternative Formula =norm. inv()38. Working Backwards to find your Service LevelGetting Your Data39. Getting your Data - Introduction40. Finding the "Mean" and "Standard Deviation" from your DataAssumptions and Limitations of the Statistical Method41. Assumptions and Limitations of Method 3Fixed Lead Time, Variable Demand: Method 3 Continued42. Different Input Data- Introduction43. Calculating Safety Stock: Fixed Lead Time, Variable Demand44. Calculating Safety Stock: Fixed Lead Time, Variable Demand - ExampleVariable Lead Time and Demand: Method 3 Continued45. Variable Lead Time and Demand - Method and Example46. Variable Lead Time and Demand - Question and Answer47. Rounding Up or Down?… - Costs $60k!48. Which Formula to Use? SummaryChoosing your Service Level - Your Tolerance for Risk49. Choosing your Service Level - Introduction50. Service Level Definition: Recap51. What Factors should Influence how "Safe" we want to be??52. Marginal Analysis - Choosing your Service Level53. Marginal Analysis - ExampleProbability of a Stockout Over Time - Calculating Risk54. What's the Probability of a Stockout? - Introduction55. What's the Probability of a Stockout? - Excel ToolOptimizing Safety Stock Levels56. When to Review and Optimize your Safety Stock57. Reducing the Need for Purchasing Safety Stock58. Demand Management to Reduce Safety Stock59. Lead Time Management to Reduce Safety Stock60. Alternatives to Safety Stock - Other ActionsConclusion61. Wrap Up62. ConclusionBonus and Appendix63. What's Next- Further Reading64. My Other Courses65. How to Get Your Certificate66. Hide Your Nuts! My goodness did you read allllll that?!   Time to get to the videos! :)See you on the inside! Laurence...

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