Inventory Control & Management - ICM

J. Aatish Roa

Reed Courses Certificate of Completion

Digital certificate - Included

• Introduction to Inventory Control 10:32

  • 1: 01 - Overview Of Inventory Management 04:15
  • 2: 02 - Types Of Inventory 06:17

• Inventory Classification 26:50

  • 3: 03 - ABC Analysis 14:11
  • 4: 04 - VED Analysis 05:38
  • 5: 05 - FSN Analysis 07:01

• Inventory Models and Techniques 40:21

  • 6: 06 - EOQ Model 08:17
  • 7: 07 - ROP Model 08:54
  • 8: 08 - Safety Stock 05:47
  • 9: 09 - JIT & Kanban 17:23

• Inventory Costs 35:42

  • 10: 10 - Holding Cost 05:03
  • 11: 11 - Ordering Cost 03:19
  • 12: 12 - Shortage Costs 15:53
  • 13: 13 - Trade offs In Inventory costs 11:27

• Technology in Inventory Control 17:29

  • 14: 14 - Barcoding & RFID 05:51
  • 15: 15 - WMS 05:57
  • 16: 16 - ERP 05:41

• Inventory Performance Measurement 15:35

  • 17: 17 - KPIs 15:35

In today’s fast-paced business environment, efficient inventory management is essential to maintaining competitive advantage. This course covers core topics and advanced methods used in various industries—from retail and manufacturing to healthcare and hospitality—to ensure optimal stock levels, cost savings, and enhanced customer satisfaction.

Starting with foundational principles, you’ll explore different inventory types, key terms, and the reasons inventory remains central to any operation. Dive into strategies like ABC, VED, and FSN analysis for effective classification, and learn to apply EOQ (Economic Order Quantity) models and Reorder Point methods to balance holding costs, ordering costs, and service levels. Gain confidence in calculating safety stock to manage demand uncertainty and avoid stockouts.

Next, discover modern tools and methodologies, including Just-in-Time (JIT) and Kanban systems, to minimize inventory holding without sacrificing availability. You’ll also learn to leverage Warehouse Management Systems (WMS), ERP systems, and cutting-edge technologies like barcoding and RFID for accurate, real-time inventory tracking.

Key Takeaways

• Understand and categorize inventory for efficient oversight.

• Use EOQ and ROP models to determine optimal ordering and safety stock levels.

• Implement ABC, VED, and FSN analyses for tailored inventory management.

• Minimize costs through strategic calculations and lean inventory principles.

• Use KPI tracking to improve inventory performance, with metrics such as turnover ratios and fill rates.

• Explore barcoding, RFID, and WMS systems to automate and streamline inventory processes.

With case studies, practical examples, and step-by-step guides, this course empowers you to confidently manage inventory, reduce costs, and improve business efficiency. Whether you’re looking to advance your career or optimize your business, this comprehensive guide to inventory management will give you the skills to make a tangible impact.

ENROLL NOW !!

1. Students and Professionals in Engineering, Logistics, & Management who want to build a strong foundation in modern inventory management principles.
2. Inventory and Logistics Analysts seeking to master techniques like EOQ, JIT, and forecasting for effective decision-making.
3. Operations, Production and Supply Chain Managers looking to optimize stock levels, improve efficiency, and reduce inventory costs.
4. Business Owners and Entrepreneurs aiming to streamline inventory processes, cut costs, and increase profitability.

• Basic knowledge of operations management and statistics.

This Inventory Management course unlocks career paths like Inventory Analyst, Supply Chain Manager, and Logistics Specialist. Learn demand forecasting, EOQ, and JIT techniques to optimize stock, cut costs, and improve efficiency—a valuable step for advancing in operations or managing a business effectively.

Currently there are no Q&As for this course. Be the first to ask a question.