Basics of Inventory Control

Or log in to access your purchased courses

You can learn every lesson of this course for free. To view your course progress, quizzes, and certificates, please purchase this course.

online course of inventory control

Inventory control is also known as stock control which simply means the activity of checking the company’s stock. In this course, You will learn some techniques for Inventory control.

Course Objective

  • Learn how to control inventory
  • Learn how to reduce inventory cost
  • Learn some inventory control technique like ABC Analysis, VED Analysis

Course features

Video/Reading lessons

Lesson quiz

Certificate

Course Duration

Self-Placed ~ 1-day

Course Directions

  • Course Joining: Click on “Register” or log in
  • Start the Course: Click on the first “Lesson”
  • Certificate: After complete the course view the certificate in “My Course” page

Lessons

What is Inventory control?

Free Preview

Author: dcuniteComplexity: Easy

Inventory control is also known as stock control which simply means the activity of checking the company’s stock.

Inventory Control Terminology

Free Preview

Author: dcuniteComplexity: Standard

Going further in the course of ‘Inventory Control’. First, discuss some terminology used in the Inventory process, this helps us to understand the course better. Demand: It is the number…

ABC Analysis

Free Preview

Author: dcuniteComplexity: Standard

The inventory of an industrial organization generally consists of thousands of items with varying prices, usages rate, and lead time. It is neither desirable nor possible to pay equal attention…

VED Analysis

Free Preview

Author: dcuniteComplexity: Easy

V.E.D. analysis represents a classification of items based on criticality. The analysis classifies the items into three groups called Vital, Essential, and Desirable. Vital items are those items the unavailability…

Probabilistic models

Free Preview

Author: dcuniteComplexity: Standard

In most situation demand is probabilistic rather than the exact value of demand. Here, there is only a single procurement.For example, a boy selling newspaper has to decide in the…