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 ~ 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 PreviewInventory 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
Free PreviewThe 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 PreviewV.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 PreviewIn 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…