Selective Inventory Control Techniques In Supply Chain

Optimizing Supply Chain Efficiency: Mastering Selective Inventory Control Techniques

What you'll learn

Deep understanding of the Inventory management function.

Activities involved in Inventory Management function

Understanding Inventory Costs: A Comprehensive Overview

Need of best inventory management today - From Burden to Opportunity : Unleashing the Hidden Value of Inventory Management

Benefits of well managed inventory - From Chaos to Control Unleashing the Potential of well managed inventory

What is meaning of Selective Inventory Control Methods

9 Selective Inventory Control Methods - Categorization logic & uses (ABC, XYZ, FSN, HML, SDE, VED, S-OS, GOLF, PQR)

Overview & Excel Calculation for ABC, XYZ, HML, FSN, S-OS, VED, SDE, PQR, GOLF Analysis.

Categorizing Selective Inventory Control Methods in Microsoft Excel - Ready sheets for analysis in minutes.

Requirements

English Language

Software used to read PDF documents (Like Adobe)

Microsoft Excel Basic awareness

Learning & attentive mindset

Description

Unlock Your Inventory Optimization through selective inventory control techniques.  Are your supply chain woes keeping you up at night? Unleash the power of strategic inventory management and revolutionize your business operations today!| Master the Art of Inventory Optimization | Boost Efficiency & Reduce Costs | Seamlessly Integrate Supply Chain Tactics |  Elevate Your Career with In-Demand SkillsJoin our exclusive Udemy course and gain the expertise to streamline your inventory processes, enhance customer satisfaction, and supercharge your business growth.What You'll Learn:- Inventory Planning- Inventory Costs and Impact- Selective Inventory control TechniquesEnroll Now and Enjoy:- On-Demand Video Lessons - Learn at Your Pace- Interactive Quizzes - Reinforce Your Knowledge- Lifetime Access - Stay Updated Always- Expert Q&A - Get Your Questions Answered- Certificate of Completion - Showcase Your SkillsInvest in your future. Transform your supply chain. Enroll in "Strategic Inventory Management" now!Background of the courseThis course will help you drastically improve your knowledge and skills in Inventory Management practices through a series of must know concepts, practical cases, calculations, examples and Ready Excel Templates for numerous inventory analysis in few minutes. This course is designed by Academic & Industry experts in the field for everyone who is in Supply Chain / Inventory / Demand planning role or wanted to make their career in the field. This course is designed for Supply Chain Managers, Inventory Managers, Supply Chain Analysts, Buyers, Demand Planners, Inventory planners, Transportation, warehousing & Logistics planners & even supply chain leaders.What this course covers?This course covers extensive content in a simple explanations and covers all must know topics within inventory management practices in five key modules as below.Module 1 - Introduction to Inventory Management· Introductiono What is inventoryo Types and of inventory· Activities involved in Inventory Management function· Understanding Inventory Costs: A Comprehensive Overviewo Ordering Costo Carrying or holding costo Shortage or stock out costo Spoilage costo Other costso Tabular examples of the costs· Need for effective inventory management today - From Burden to Opportunityo Contribution of Inventory in working capitalo Research studies about inventory contribution in company’s working capital.o Inventory contribution in retail, manufacturing and service companies.o Role of inventory holding costo Research studies on contribution of holding cost in inventory costs.· Benefits of well managed inventory - From Chaos to Controlo Cost optimization & Cash flow managemento Customer Satisfactiono Improved supply chain efficiency.o Profit maximizationModule 2 - Selective Inventory control methods & Analysis in Excel· Overview of Selective inventory control· Why Selective inventory control?· What are benefits of selective inventory control?· Overview of ABC Analysis - Meaning, Logics & Uses.· Overview of XYZ Analysis - Meaning, Logics & Uses.· Overview of HML Analysis - Meaning, Logics & Uses.· Overview of FSN Analysis - Meaning, Logics & Uses.· Overview of VED Analysis - Meaning, Logics & Uses.· Overview of SDE Analysis - Meaning, Logics & Uses.· Overview of S-OS Analysis - Meaning, Logics & Uses.· Overview of GOLF Analysis - Meaning, Logics & Uses.· Overview of PQR Analysis - Meaning, Logics & Uses.· Excel Calculation & Automated calculation sheet for ABC, XYZ, HML, FSN, PQR, ABC-XYZ analysis.

Overview

Section 1: Overview on - Inventory Management, Inventory Activities & Inventory Costs

Lecture 1 Introduction to Inventory Management & types of Inventory

Lecture 2 Activities involved in Inventory Management

Lecture 3 Understanding Inventory Costs : Comprehensive Overview

Lecture 4 Need for effective inventory management today - From Burden to Opportunity

Lecture 5 Benefits of well managed inventory - From Chaos to Control

Section 2: Selective Inventory control methods & their categorization steps in Excel

Lecture 6 All about Selective Inventory Control, Its need & Benefit to the business

Lecture 7 9 Selective Inventory Control Techniques widely used - Quick Overview.

Lecture 8 ABC Analysis - Meaning, Logic, Examples and Uses

Lecture 9 ABC Analysis in MS Excel - Ready excel template for ABC analysis in a minute.

Lecture 10 XYZ Analysis - Meaning, Logic, Examples and Uses

Lecture 11 XYZ Analysis in MS Excel - Ready excel template for XYZ analysis in a minute.

Lecture 12 ABC - XYZ Combination Analysis in Excel, Ready excel sheet for ABCXYZ Analysis

Lecture 13 FSN Analysis - Meaning, Logic, Examples and Uses

Lecture 14 HML Analysis - Meaning, Logic, Examples and Uses

Lecture 15 VED Analysis - Meaning, Logic, Examples and Uses

Lecture 16 SDE Analysis - Meaning, Logic, Examples and Uses

Lecture 17 GOLF Analysis - Meaning, Logic, Examples and Uses

Lecture 18 S-OS Analysis - Meaning, Logic, Examples and Uses

Lecture 19 PQR Analysis - Meaning, Logic, Examples and Uses

Lecture 20 HML, PQR Analysis in Excel & Brief on analysis techniques

Section 3: Final Quiz

Professionals - Like Buyers, Demand Planners, Logistics Planners, Inventory Planners, Supply Chain Managers, Supply Chain Analysts.,Professionals looking to make their career or switch their careen in Supply Chain field.