Inventory control is also known as stock control which simply means the activity of checking the company’s stock.
Basics of Inventory Control
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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 on your time
Course Directions
- Course Joining: Click on “Register” or log in
- Start the Course: Click on the first “Lesson”
Lessons
Inventory Control Terminology
Free PreviewGoing 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
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
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
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…
CONVEYORS
Each of these conveyor systems is designed according to the requirement and usage. It can handle the load, move the products at the required speed, or can handle the material without damaging the machine.
Classification of Conveyors
The explanation of most common conveyors are described in this lesson.
Materials Management
The concept of material management was introduced by manufacturing industries for giving rise to efficient purchase, stocking and consumption of materials.