Inventory Management by Jeroen Offergelt

Business management

What you'll learn

Calculating econmic order quantities

Using probability to determine optimal stock amounts

The importance of forecasting

Calculating reorder levels

How to set up a safety stock

Using lead time to determine when to place orders

Calculating the size of orders

The importance of inventory management

How supply chain management play an important role

How to use reorder costs

How to use holding costs

Calculating optimal cost points for the inventory

Requirements

Basic understanding of economics

Basic understanding of business/shop operations

Basic understanding of math

Description

This course 'Inventory management' is based towards students who are interested in taking control of their budgets, revenues, cost and inventory.If you want to know how you can use inventory manangement to improve your business, then this course is for you.Together we will discuss all the elements needed to set up some form of inventory manangement and how to use specific data to compare it to costs, profit and customer satisfaction. And how to interpret the results, so you'll make better decisions. We discuss simple ways to implement it and make it more complex, step by step.By the end of this course you will have a solid foundation and understanding of inventory manangement. This allows you to take control of your budget and fine tune it. You'll know how to pinpoint the problems in your stock and therefor find solutions to decrease expenses, increase profits and have a better balance in sales and shortages.You will learn how to use important techniques that will help you better manage your stock. You'll learn what Economic order quantity, reorder level, safety stock, total optimal cost, marginal analysis, probabilities and the uncertainty of demand and how to get the best out of basic data.

Overview

Section 1: Introduction

Lecture 1 The introduction

Section 2: Inventory manangement

Lecture 2 1.1 Inventory management

Lecture 3 1.2 The inventory cycle

Lecture 4 1.3 The suppliers

Lecture 5 1.4 The customers

Section 3: The importance of stock

Lecture 6 2.1 The importance of stock

Lecture 7 2.2 The types of inventories

Section 4: Supply chain management part 1

Lecture 8 3.1 Supply chain management

Section 5: Location management

Lecture 9 4.1 Location management

Lecture 10 4.2 Location management: an example

Lecture 11 4.3 Things to consider

Section 6: Supply chain management part 2

Lecture 12 5.1 The importance of supply chain management

Lecture 13 5.2 Supply chain management: examples

Lecture 14 5.3 The conclusion

Section 7: The iron inventory

Lecture 15 6.1 Outsourcing

Lecture 16 6.2 Dropshipping

Lecture 17 6.3 Postponement inventory examples

Section 8: Decision making

Lecture 18 7.1 Logistics within the company

Lecture 19 7.2 Decison making, departments

Lecture 20 7.3 Decision making, management

Lecture 21 7.4 Decision making, cost leadership

Lecture 22 7.5 Decision making, product differentiation

Section 9: Costs of the inventory

Lecture 23 8.1 The impact of costs and inventory

Lecture 24 8.2 The inventory value

Lecture 25 8.3 The different inventory related costs

Section 10: Stock turnover

Lecture 26 9.1 Stock turnover

Section 11: Reordering

Lecture 27 10.1 Timing

Lecture 28 10.2 Reordering examples

Lecture 29 10.3 Dependence of goods

Section 12: The economic way of reordering

Lecture 30 11.1 The economic order quantity

Lecture 31 11.2 The optimal cycle length

Lecture 32 11.3 The optimal variable cost

Lecture 33 11.4 The optimal total cost

Lecture 34 11.5 Margin adjusting for the economic order quantity

Lecture 35 11.6 High cost economic order quantity adjustments

Lecture 36 11.7 Lead time and stock cycle

Section 13: Purchasing and the costs

Lecture 37 12.1 Purchasing with variable costs and the impact

Lecture 38 12.2 Purchasing with variable costs example

Section 14: Demand

Lecture 39 13.1 The demand

Section 15: The Probability in sales demand

Lecture 40 14.1 Probability in sales demand

Lecture 41 14.2 The marginal analysis

Section 16: The service level

Lecture 42 15.1 The service level

Lecture 43 15.2 A service level example

Section 17: The uncertaintiy in sales demand

Lecture 44 16.1 The uncertaintiy problem

Lecture 45 16.2 The average calculation

Lecture 46 16.3 The safety stock

Lecture 47 16.4 The safety stock complex approach

Lecture 48 16.5 The safety stock alternative approach

Section 18: The conclusion of this course

Lecture 49 17.1 The conclusion of the course

Section 19: Documents

Lecture 50 Slides from the course

Beginners,Business owners,Store managers