Categories
Disclaimer: Some of the links on this website are affiliate links, meaning we may earn a commission if you click through and make a purchase. This comes at no additional cost to you.
By clicking the button above, you acknowledge that you will be redirected to a third-party website and agree to their terms and conditions.
Log in to manage favorites.
Applied Electricity
Applied Operations Management - Inventory Models
This course will first introduce you to inventories and inventory models. You will study materials management and how to store the material for subsequent use. The course will then discuss the two important questions to ask when ordering materials as well as talk about the classification of inventory models and the three classifications of demand. You will also look into costs the components of order cost and the components of backorder or cost of shortage.The course will then discuss the Economic Order Quantity (EOQ) model. Here you will learn how to minimize total inventory holding costs and ordering costs. You will study the EOQ model developed by Mr. Pankaj Mane which includes backordering costs and multiple items. The course will show you how the EOQ model solves the how much and when aspects of ordering inventory and overviews core assumptions about inventories.Inventory management is essential to any business that needs to prevent stockouts manage multiple locations and ensure accurate recordkeeping. The key to proper inventory control is having a strong understanding of your customers' demand for your products. By taking this free online Inventory Management course and learning the basics of inventory management and its concepts you will be able to strike a balance between your organization's stocks and output. This is a powerful set of business knowledge.
Disclaimer: Product information, including title, description, and images, is sourced/provided by our affiliate partner, Alison US CA.
Disclaimer: Some of the links on this website are affiliate links, meaning we may earn a commission if you click through and make a purchase. This comes at no additional cost to you.
By clicking the button above, you acknowledge that you will be redirected to a third-party website and agree to their terms and conditions.
Product information, including title, description, and images, is sourced/provided by our affiliate partner, Alison US CA.
Share this product with a friend:
Refer a friend and earn 0.05 CEC when they click the link, plus an additional 1.00 CEC if they register. Share this Product and boost your earnings together!
Log in to manage favorites.
Similar Products
Share this product with a friend:
Refer a friend and earn 0.05 CEC when they click the link, plus an additional 1.00 CEC if they register. Share this Product and boost your earnings together!