Basics of Inventory Control

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Learn Inventory Control(1 hour)

Learn How to Control Inventory and reduce the inventory cost. Also, learn some inventory control techniques like ABC Analysis, VED Analysis.

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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

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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

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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

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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

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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…

CONVEYORS

Length: 3 minutesAuthor: dcuniteComplexity: Easy

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.

Materials Management

Length: 4 minutesAuthor: dcuniteComplexity: Easy

The concept of material management was introduced by manufacturing industries for giving rise to efficient purchase, stocking and consumption of materials.

Test

Author: dcunite

Please Note: Review Preview lessons before taking this TestThis Test is not reset-able. You have only one chance. 50% required to pass this quiz, If your score is less than 50%…