What you'll learn
Learn about inventory forcasting
Inventory planning and replenishment
Buying and purchasing inventory
Inventory storage
Lean about inventory analysis
Inventory management techniques
Learn about inventory accounting
Inventory management systems
Requirements
No requirement
Description
Inventory management is the process of ordering, handling, storing, and using a company's non-capitalized assets. For some business, this involves raw materials and components, whiles others may only deal with finished stock items ready for sale. Either way, inventory management all comes down to balance- having the right amount of stock, in the right place, at the right time. Finished goods are products that are complete and ready for sales. These may have been manufactured by the business itself, or purchase as a whole, finished product from a supplier. Most retailers will either purchase whole, finished products from a supplier, or have custom product manufactured for them by a third-party. Finished goods are therefore often ( but not always) one of the only types of inventory needing to be handled within retail inventory management.Raw materials are any items used to manufacture finished products, or the individual components that go into them. These can be produced or sourced by a business itself or purchase from a supplier. For example: A business that makes its own bespoke furniture may purchase materials from a supplier. While a small business supplying herbs may actually grow these itself. Inventory forecasting is essentially making an informed projection on how much stock will be needed to satisfy demand over a given time period. It starts with a simple demand forecast, then what's already in stock to plan how much inventory is required going forward.
Overview
Section 1: Introduction
Lecture 1 Introduction
Lecture 2 What is inventory management
Lecture 3 Types of inventory management
Section 2: Inventory Forecasting
Lecture 4 Setting forecasting boundaries
Lecture 5 Incorporate trends and variables
Lecture 6 Forecasting for new product
Lecture 7 Inventory planning and replenishment
Lecture 8 Automated inventory forecasting
Section 3: Buying And Purchasing Inventory
Lecture 9 Method of purchasing inventory
Lecture 10 When to order new inventory
Lecture 11 How much new inventory to order
Lecture 12 Automated inventory purchasing
Lecture 13 Common purchasing questions
Section 4: Inventory Storage
Lecture 14 Inventory storage options
Lecture 15 Setting up your inventory warehouse
Lecture 16 Inventory storage equipment
Section 5: Inventory Analysis
Lecture 17 The goals inventory analysis
Lecture 18 ABC analysis
Lecture 19 Inventory analysis metrics
Lecture 20 Conducting inventory analysis
Section 6: Inventory Management Techniques
Lecture 21 Choose a fulfilment option
Lecture 22 Take forecast seriously
Lecture 23 et recorder points for each product
Lecture 24 Gives each variant a dedicated warehouse bin
Lecture 25 Prioritize with ABC analysis
Lecture 26 Verify accuracy with regular counts
Section 7: Multichannel Inventory Tracking
Lecture 27 Inventory tracking via spreadsheet
Lecture 28 Inventory tracking via automated system
Lecture 29 Automated versus manual inventory tracking
Section 8: Inventory Accounting
Lecture 30 Cost of goods sold / ending inventory
Lecture 31 Inventory valuation methods
Lecture 32 Using inventory accounting software
Section 9: Inventory Management System
Lecture 33 Key inventory management system features
Lecture 34 Additional features for retailers
Lecture 35 Choosing inventory management systems
everybody, inventory managers, warehouse workers, inventory consultants, non profit organizations, managers, consultants, Brand managers,students, donors, directors etc


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