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Purchasing & Inventory

Inventory Management The Nuts and Bolts (PRI01EO)

Instructor

Savvy

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Course Overview

What Will Students Learn?

  • Understand terms that are frequently used in warehouse management
  • Identify the goals and objectives of inventory management and measure your process against these goals
  • Calculate safety stock, reorder points, and order quantities
  • Evaluate inventory management systems
  • Identify the parts of the inventory cycle
  • Better maintain inventory accuracy

What Topics are Covered?

  • What inventory is and types of inventory
  • Setting up the warehouse
  • What makes a good inventory management system?
  • The warehouse inventory cycle
  • Identifying demand
  • The receiving process and validating inventory
  • The put-away process and maintaining accuracy
  • The outbound process and industry trends

Course Content

  • Academy Topics
    • Course Overview

    • Learning Objectives

    • Pre-Assignment

    • Pre-Course Assessment

    • What is Inventory?

    • Definitions

    • Pre-Assignment Review

    • Types of Inventory

    • Key Players

    • Setting up the Warehouse

    • The Eight Objectives

    • Maintaining Location Accuracy

    • What Makes a Good Inventory Management System?

    • The Warehouse Inventory Cycle

    • Identifying Demand

    • Key Formulas

    • Case Study

    • The Receiving Process

    • Validating Inventory

    • The Put-Away Process

    • Maintaining Inventory Accuracy

    • Maintaining Inventory Accuracy

    • Industry Trends

    • Recommended Reading List

    • Personal Action Plan

    • Post-Course Assessment

Paid
  • Lessons 24
  • Skill Beginner
  • Last Update 27/02/2025