Improve The Safety Stock in Your Supply Chain & Reduce Your Company’s Operating Costs and Risk.
What you will learn
How to use various formulas to compute the level of Safety Stock.
Alternatives to Keeping Safety and Buffer Stock
Supply Chain Management and Logistics
Uncertainty creates a static inventory problem
Select the Most Appropriate Inventory Control System
Methods ranging from the most basic to the most complex
Description
This course will cover what inventory control is, why it’s vital, and how challenging it may be. It will also explain inventory management methods and procedures, as well as provide inventory control tips. Stock control and management are critical to a company’s profitability and overall financial health. Thanks to the application of modern techniques and technology, businesses may now efficiently monitor their operations and manage their stocks by evaluating sales patterns and client preferences.
As a multichannel retailer, wholesaler, or internet brand, keeping track of inventory can be tough. Organizations, on the other hand, can now leverage systems, procedures, and technology to streamline their supply chains. Inventory control software allows you to keep track of your warehouse in an efficient and accurate manner. This guide will teach you everything you need to know about inventory management. The easy-to-understand professional counsel, guidance, equations, methodologies, policy development, and software guidance will benefit any business, large or small.
Optimal Inventory Control and Management Techniques digs into cutting-edge research on corporate stock management and product control. This course is a comprehensive reference source for managers, business people, and warehouses in the fields of logistics, operations management, and retail management. It includes diverse perspectives on the implementation of various optimization techniques, data mining concepts, and research on big data applications for inventory management.
Content