Welcome to the “Inventory Management” lesson that outlines the inventory life cycle and inventory management best practices. This lesson is the last of five in the “Procurement Basics” course, which explores how procurement should meet the needs of the business and the processes that surround production and inventory planning. After viewing this lesson, learners will understand the importance of an inventory management program, tracking product information, auditing inventory, and ordering their own restocks.
Overview
COURSE DIFFICULTY
COURSE DURATION
7m
Skills Learned
After completing this online training course, students will be able to:
Understand the Fundamentals of Inventory Management
Identify Key Inventory Control Techniques
Analyze Inventory Levels and Reorder Points
Implement Best Practices for Inventory Procurement
Evaluate Supplier Performance and Relationships
Procurement Professionals, Inventory Managers, Supply Chain Analysts, New Professionals in Procurement
None
01. Introduction to Procurement and Inventory Management
02. Inventory Control Techniques
03. Reorder Points and Safety Stock
04. Best Practices in Inventory Procurement
05. Supplier Performance Evaluation
SKILLS LEARNED
Skills Learned
After completing this online training course, students will be able to:
Understand the Fundamentals of Inventory Management
Identify Key Inventory Control Techniques
Analyze Inventory Levels and Reorder Points
Implement Best Practices for Inventory Procurement
Evaluate Supplier Performance and Relationships
WHO SHOULD ATTEND
Procurement Professionals, Inventory Managers, Supply Chain Analysts, New Professionals in Procurement
PREREQUISITES
None
COURSE OUTLINE
01. Introduction to Procurement and Inventory Management
02. Inventory Control Techniques
03. Reorder Points and Safety Stock
04. Best Practices in Inventory Procurement
05. Supplier Performance Evaluation
