No business can survive long without an active program of controls over the parts and materials which are used in producing or distributing goods and services of the firm. Like many other things which depend on human interpretation, “control” means different things to different individuals.
This Inventory Management: The Nuts and Bolts course will provide you with a solid understanding of the definition of inventory, types of inventory, key players, setting up a warehouse, warehouse inventory cycle, identifying demand, the receiving process, validating inventory, the put-away process, maintain inventory, the outbound process, and industry trends and so on.
Throughout this Inventory Management: The Nuts and Bolts course, you will learn to identify the objectives of inventory management and measure your process against these goals and the parts of the inventory cycle along with calculating safety stock, reorder points, and order quantities. The course is designed to help you to understand terms that are frequently used in warehouse management as well as to evaluate inventory management systems and to offer you a better guidance to maintain inventory accuracy. Overall, this course will discuss all aspects of inventory management, including standard terms, the inventory cycle, how to manage inventory accuracy, and what some of the latest trends are.