Strategic Inventory Management

Inventory analysis, Inventory storage, Inventory forecasting, Inventory accounting, Multichannel inventory tracking etc

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