Introduction to Inventory Management – Live North

This course covers the basics of inventory control and management operations and the role of inventory management within an organization’s overall supply chain. Learn how to reduce stockouts and overstocks in times of high uncertainty.
At the end of this session you will be able to:
• Recognize at least five different classes of inventory
• Explain six functions of inventory
• Identify three objectives of aggregate inventory management
• Determine the five types of inventory costs
• Calculate inventory turns and days of supply measurements
• Choose between 4 ordering methods
• Know when to use 2 different order timing methods
• Understand the ABC’s of Inventory classification
and Inventory Control
• Take away a checklist to reduce inventories