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Inventory Management A-Z Supply Chain & Business Operations

Course Reviews

Yes. This is good and helps a whole lot. It actually makes one think outside of the box especially that which have been used to for a long time. It brought about a whole broad of knowledge about logistics and supply chain mgt.

Divine Cyril O.

I am enjoying the course very much. Great instructor, clear, concise, voice is at the perfect pace.

Helena M B.

Quickly paced yet gets into many core / foundational elements Would benefit introducing newer tech opportunities available for SC

Abdul R.

Superbly presented, with a great pace. Excellent explanations and visuals, and Laurence's style was engaging and kept me interested throughout. I would recommend this to anyone wanting a real good introduction to OM.

Chris D.

This course in Operations Management, I considered it to be excellent; all the shared knowledge was extremely well explained, insightful and highly applicable; the resources are very useful, clear and well explained. I really enjoyed the course very much. Thank you, Laurence Gartside, and Udemy. Crack on!

Julio Rodríguez Q.

I am starting a business and had very little idea on inventory management. Laurence did a great job explaining the fundamentals and tools I can use to measure my performance and manage my inventory better. Concepts were clear and easy to understand. I don't think you really need any prior knowledge. Recommended and will take a future course!

Toyyab S.

Fantastic course! Laurence was engaging from the very first lecture. The examples used, his lively presentation style and goofy jokes make for an very entertaining watch, all the while covering a lot of content in detail. I particularly enjoyed the examples about the Rolls Royce airplane jets and barrels of whiskey! I will definitely be signing up for more of his courses. The content is clearly and concisely illustrated in a very engaging manner. I could not recommend this course more highly!

Daniel E.

Laurence has a unique way of explaining complex concepts very easily. This is a must for those that are new in the logistic industry. Absolutely recommended.

Gustavo M.

This module is very informative. A lot of very good information given on the LEAN process. The facilitator is very knowledgeable and provides a lot of very good information. Very worthwhile watch if you are looking for more information on the LEAN process.

Christopher F.

I Finished The Course Today as a person with basic knowledge of KPI's this Course covered what it promised Mr. Laurence was clear enchanting and considerate of repeating the critical information easily grabed attained my attention the whole course with quizzes and Funny memes :) Thank you

Haya A.

The course is very well structured and organized. Laurence is explaining the subject very clearly and systematically and building up the knowledge in a very engaging and logical manner. Very highly recommended!

Mostafa Adel Mohamed Ali H.

I love the detailed explanations and further given depth of each topic. I'm learning for work and your videos have boosted my overall understanding of my duties + future.

Alexis M.

The course was very informative and is also a good refresher. It is well paced, well explained, great overview and good value when breaking things down as well. The instructor is clearly knowledgeable and explains things quite coherently. The videos/lectures are broken down into easy-to-digest chunks and I got to learn a lot of new concepts. Would definitely recommend to anyone looking to form a knowledge base on supply chain management.

Michelle C.

Mr. Gartside is an engaging and entertaining instructor. The short sessions make it easy to fit the course into any schedule. I am new to the Inventory Control world, and was immediately able apply what I learned to the "real world". I look forward to taking another course by this instructor.

John W.

His courses are very well laid out. the concepts are clearly explained and woven together to paint a clear holistic picture of the subject at hand. I bought the Inventory Control course and had to get this one!!

Raul J.

Course Content

Introduction to Inventory Management
What is Inventory?
Why do we "need" Inventory?
Costs of Inventory
Summary Quiz 1
Measuring Performance
Part Classification
Inventory Dynamics
Economic Order Quantity - EOQ
EOQ Advanced: Price Break Model
Order Timing and Inventory Control
Safety Stock Calculations
Summary Test 2
Inventory Management Basics: MBA beginners course to your optimize your Purchasing, Logistics, EOQ and Safety Stock

What you'll learn

  • Become the Inventory Guru in your team! Master this essential area of Supply Chain Management
  • Gain a total overview of Inventory Management for your Manufacturing or Service business
  • Little's Law - calculate required inventory using Little's Law
  • Economic Order Quantity - formula to calculate how much to order
  • Price Break Model - advanced EOQ when prices vary with order quantity
  • Inventory Dynamics - how to study inventory levels over time to make better decisions
  • ABC Analysis - classify and group your inventory to prioritise attention
  • Performance Metrics - use the essential KPIs to keep your "finger on the pulse"
  • Safety Stock level calculations - simple method and using statistics modelling step by step
  • Increase profitability, improve delivery and use your resources more efficiently
  • Boost your career: increase your confidence to see and lead change , impress your own boss and become a better manager

Requirements

  • Only an appetite to improve yourself and enhance your business
  • A desire to master this fundamental area of Supply Chain Management; from total beginner to a competent professional.
  • Ready to take control of improving your business operations with the right principles and tools

Description

This MBA style course prepares and empowers you to make a REAL difference. Turbo-charge your career, and your business performance, to the highest levels.

This course is for the new or aspiring operations manager, the ambitious procurement professionals, the striving logistics supervisors, hands-on production planners and the practical business optimization analysts.

  • 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.
  • Understand the fundamentals, then details of the essentials of inventory management, the core business trade-offs, essential analysis, calculations and basic optimisation methods.
  • Become the Inventory Supply Chain authority in your team on improving the operations systems in your business

Specific Techniques and Calculation Methods taught:

  • Little's Law :                                       Calculate your mathematical minimum WIP for your process
  • Economic Order Quantity (EOQ) :     Master this most common formula to minimise your total costs
  • Price Break Model:                             An advanced EOQ method which lets us consider price discounts with order size
  • ABC Analysis:                                     Classify and group your inventory to prioritise attention
  • Performance Metrics:                         Detailed explanation of the top 8 most important and useful inventory KPIs
  • Safety Stock Levels:                            Calculate and cover your risk with basic and an advanced version using statistics modelling step by step in excel

Business operations come in all shapes and sizes with a host of unique challenges; but good inventory management is essential to them all. Whether you work in retail, manufacturing production, distribution and logistics or even service companies such as restaurants, hospitality or health and beauty; having the right 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 inventory, no operations manager, junior or senior, can competently or confidently look to improve their business, the processes, systems and teams that make it successful.

Take control of your career and equip yourself with a solid base in Inventory Management full of practical insights and tools that you can use right now to unlock the potential of your business processes!

Course Sections:

1. Introduction to Inventory Management

2. What is inventory?

3. Why do we need inventory?

4. Costs of inventory

5. Measuring Performance

6. Part Classification

7. Inventory Dynamics

8. Economic Order Quantity

9. EOQ Advanced: Price Break Model

10. Order Timing and Inventory Control

11. Safety Stock Calculations

Course Extras

  • Downloadable Documents with summaries and exercises
  • Summary Test with 70 multiple choice questions to test and lock in your learnings

Take control! Boost your career and your business!  Start learning today!

Laurence Gartside

Trainer and Consultant in Industrial and Corporate Business Operations – building high-performance teams, processes and systems.

Course Price: $149.95

Inventory Management A-Z Supply Chain & Business Operations

This course is for the new or aspiring operations manager, the ambitious procurement professionals, the striving logistics supervisors…
Play Video

Course Hours

3.5

Lessons

70

Study Level

All Levels

Course Price

$149.95

Inventory Management Basics: MBA beginners course to your optimize your Purchasing, Logistics, EOQ and Safety Stock

What you'll learn

  • Become the Inventory Guru in your team! Master this essential area of Supply Chain Management
  • Gain a total overview of Inventory Management for your Manufacturing or Service business
  • Little's Law - calculate required inventory using Little's Law
  • Economic Order Quantity - formula to calculate how much to order
  • Price Break Model - advanced EOQ when prices vary with order quantity
  • Inventory Dynamics - how to study inventory levels over time to make better decisions
  • ABC Analysis - classify and group your inventory to prioritise attention
  • Performance Metrics - use the essential KPIs to keep your "finger on the pulse"
  • Safety Stock level calculations - simple method and using statistics modelling step by step
  • Increase profitability, improve delivery and use your resources more efficiently
  • Boost your career: increase your confidence to see and lead change , impress your own boss and become a better manager

Requirements

  • Only an appetite to improve yourself and enhance your business
  • A desire to master this fundamental area of Supply Chain Management; from total beginner to a competent professional.
  • Ready to take control of improving your business operations with the right principles and tools

Description

This MBA style course prepares and empowers you to make a REAL difference. Turbo-charge your career, and your business performance, to the highest levels.

This course is for the new or aspiring operations manager, the ambitious procurement professionals, the striving logistics supervisors, hands-on production planners and the practical business optimization analysts.

  • 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.
  • Understand the fundamentals, then details of the essentials of inventory management, the core business trade-offs, essential analysis, calculations and basic optimisation methods.
  • Become the Inventory Supply Chain authority in your team on improving the operations systems in your business

Specific Techniques and Calculation Methods taught:

  • Little's Law :                                       Calculate your mathematical minimum WIP for your process
  • Economic Order Quantity (EOQ) :     Master this most common formula to minimise your total costs
  • Price Break Model:                             An advanced EOQ method which lets us consider price discounts with order size
  • ABC Analysis:                                     Classify and group your inventory to prioritise attention
  • Performance Metrics:                         Detailed explanation of the top 8 most important and useful inventory KPIs
  • Safety Stock Levels:                            Calculate and cover your risk with basic and an advanced version using statistics modelling step by step in excel

Business operations come in all shapes and sizes with a host of unique challenges; but good inventory management is essential to them all. Whether you work in retail, manufacturing production, distribution and logistics or even service companies such as restaurants, hospitality or health and beauty; having the right 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 inventory, no operations manager, junior or senior, can competently or confidently look to improve their business, the processes, systems and teams that make it successful.

Take control of your career and equip yourself with a solid base in Inventory Management full of practical insights and tools that you can use right now to unlock the potential of your business processes!

Course Sections:

1. Introduction to Inventory Management

2. What is inventory?

3. Why do we need inventory?

4. Costs of inventory

5. Measuring Performance

6. Part Classification

7. Inventory Dynamics

8. Economic Order Quantity

9. EOQ Advanced: Price Break Model

10. Order Timing and Inventory Control

11. Safety Stock Calculations

Course Extras

  • Downloadable Documents with summaries and exercises
  • Summary Test with 70 multiple choice questions to test and lock in your learnings

Take control! Boost your career and your business!  Start learning today!

Course Content

Introduction to Inventory Management
What is Inventory?
Why do we "need" Inventory?
Costs of Inventory
Summary Quiz 1
Measuring Performance
Part Classification
Inventory Dynamics
Economic Order Quantity - EOQ
EOQ Advanced: Price Break Model
Order Timing and Inventory Control
Safety Stock Calculations
Summary Test 2

Inventory Management A-Z Supply Chain & Business Operations

Play Video

Inventory Management Basics: MBA beginners course to your optimize your Purchasing, Logistics, EOQ and Safety Stock

What you’ll learn

  • Become the Inventory Guru in your team! Master this essential area of Supply Chain Management
  • Gain a total overview of Inventory Management for your Manufacturing or Service business
  • Little’s Law – calculate required inventory using Little’s Law
  • Economic Order Quantity – formula to calculate how much to order
  • Price Break Model – advanced EOQ when prices vary with order quantity
  • Inventory Dynamics – how to study inventory levels over time to make better decisions
  • ABC Analysis – classify and group your inventory to prioritise attention
  • Performance Metrics – use the essential KPIs to keep your “finger on the pulse”
  • Safety Stock level calculations – simple method and using statistics modelling step by step
  • Increase profitability, improve delivery and use your resources more efficiently
  • Boost your career: increase your confidence to see and lead change , impress your own boss and become a better manager

Requirements

  • Only an appetite to improve yourself and enhance your business
  • A desire to master this fundamental area of Supply Chain Management; from total beginner to a competent professional.
  • Ready to take control of improving your business operations with the right principles and tools

Description

This MBA style course prepares and empowers you to make a REAL difference. Turbo-charge your career, and your business performance, to the highest levels.

This course is for the new or aspiring operations manager, the ambitious procurement professionals, the striving logistics supervisors, hands-on production planners and the practical business optimization analysts.

  • 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.
  • Understand the fundamentals, then details of the essentials of inventory management, the core business trade-offs, essential analysis, calculations and basic optimisation methods.
  • Become the Inventory Supply Chain authority in your team on improving the operations systems in your business

Specific Techniques and Calculation Methods taught:

  • Little’s Law :                                       Calculate your mathematical minimum WIP for your process
  • Economic Order Quantity (EOQ) :     Master this most common formula to minimise your total costs
  • Price Break Model:                             An advanced EOQ method which lets us consider price discounts with order size
  • ABC Analysis:                                     Classify and group your inventory to prioritise attention
  • Performance Metrics:                         Detailed explanation of the top 8 most important and useful inventory KPIs
  • Safety Stock Levels:                            Calculate and cover your risk with basic and an advanced version using statistics modelling step by step in excel

Business operations come in all shapes and sizes with a host of unique challenges; but good inventory management is essential to them all. Whether you work in retail, manufacturing production, distribution and logistics or even service companies such as restaurants, hospitality or health and beauty; having the right 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 inventory, no operations manager, junior or senior, can competently or confidently look to improve their business, the processes, systems and teams that make it successful.

Take control of your career and equip yourself with a solid base in Inventory Management full of practical insights and tools that you can use right now to unlock the potential of your business processes!

Course Sections:

1. Introduction to Inventory Management

2. What is inventory?

3. Why do we need inventory?

4. Costs of inventory

5. Measuring Performance

6. Part Classification

7. Inventory Dynamics

8. Economic Order Quantity

9. EOQ Advanced: Price Break Model

10. Order Timing and Inventory Control

11. Safety Stock Calculations

Course Extras

  • Downloadable Documents with summaries and exercises
  • Summary Test with 70 multiple choice questions to test and lock in your learnings

Take control! Boost your career and your business!  Start learning today!

Course Content

Introduction to Inventory Management
What is Inventory?
Why do we "need" Inventory?
Costs of Inventory
Summary Quiz 1
Measuring Performance
Part Classification
Inventory Dynamics
Economic Order Quantity - EOQ
EOQ Advanced: Price Break Model
Order Timing and Inventory Control
Safety Stock Calculations
Summary Test 2

Course Content

Introduction to Inventory Management
What is Inventory?
Why do we "need" Inventory?
Costs of Inventory
Summary Quiz 1
Measuring Performance
Part Classification
Inventory Dynamics
Economic Order Quantity – EOQ
EOQ Advanced: Price Break Model
Order Timing and Inventory Control
Safety Stock Calculations
Summary Test 2
Inventory Management A-Z Supply Chain & Business Operations
This course includes:

$149.95

Buy 3 Courses, Get 25% off. Use this Coupon Code: GET25OFF
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Customer's Reviews