About this course:

Inventory management refers to the process of ordering, storing, using, and selling a company’s inventory. This includesthe management of raw materials, components, and finished products, as well as warehousing and processing of such items.There are different types of inventory management, each with its pros and cons, depending on a company’s needs.

Welcome to our comprehensive online course on Inventory Management, a crucial cog in the wheel of any company’s supplychain process. This course provides a deep dive into the multifaceted aspects of inventory management and control.Throughout the course, you’ll investigate various factors that shape inventory management, explore an array of tools andtechniques to optimize costs, and gain insight into forecasting and planning strategies. You will explore moderninventory systems and technologies, learning the differences between centralized and decentralized control of inventory.As we delve deeper, you’ll encounter warehouse management, layout optimization, and warehouse management systems tofurther enhance your understanding of the supply chain. This course concludes with a comprehensive look at supply chainmanagement, incorporating all the knowledge you’ve gained throughout.

What Will You Learn?

• Have a full understanding of the role and key objectives of the Inventory Manager
• Be able to categorise Stock Keeping Units (SKUs) / parts effectively to prioritise their activity
• Recognise that suppliers and supplier relationships are critical to success and to understand what they require fromsuppliers to optimise their position
• Gain a total overview of Inventory Management for your Manufacturing or Service business