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Inventory management is an element of supply chain management which includes carious aspects like storage of inventory, controlling and overseeing ordering inventory, and controlling the amount of product for sale etc. It is the management of stocks and inventories for keeping track of company’s stocked goods and monitors their dimensions, weight, amounts and location to represent products, or buy more materials to manufacture them.
Few Topics are:
- perpetual and periodic inventory.
- construct inventory items
- Back ordering
- Purchase stock
- Sell stock
- Perform inventory stocktakes
- Adjust inventory balances
- Transfer inventory items
- Use inventory reports
- Reconcile inventory
Topics for Inventory Management
- Measures in logistics, ABCD analysis, forecasting, operations management, naïve models, averaging methods, simple moving average, weighted moving average, double moving average, Simple regression, Multiple regression
- simple exponential smoothing, double exponential smoothing, Forecasting, Holt’s method, seasonal variation, Winter’s model, optimizing the parameters, Inventory costs, Inventory control modeling, Stochastic demand, Safety stocks
- Single products with time-variable demand, Wagner-Whitin method, Silver-Meal heuristics, Time supply, Part-period balancing, Heuristics, dynamic programming, Multiechelon, Deterministic demand, Probabilistic demand, Arborescent system, Supply chain contracts
- business world and business management ,establishment of a business ,business environment ,general management ,elements of planning ,the business venture organisation,leading people in the organisation ,the management process control
- Corporate social responsibility ,Match supply with demand ,focus on demand,Effectiveness and efficiency in logistics,Forecasting,Stochastic inventory control,News vendor Problem,lot sizing,Yield Management
- Multi echelon inventory control,supply chain,multi period production planning,Inventory and Stores Management ,Materials Handling ,Mercantile Law,Purchasing & Business Management,End User Computing,Inventory and Stores
- Physical Distribution Management,Production Planning and Control,Production Planning ,Scheduling,Demand Forecasting,Matching supply with demand ,,inventory management tools ,Storage management ,Storage facilities and equipment
- Innovative stores operations ,Codification and identification of stock ,storage facility ,Stocktaking,,Measures in logistics,ABCD analysis ,Activity based costing,Du Pont -model,Modelling in logistics,time series models
- Holt’s method,seasonal variation,Stochastic demand,Safety stocks,Single products with time-variable,demand, dynamic programming,Wagner-Whitin method,Silver-Meal heuristics,Time supply,Lot- forlot
- Least unit cost,Part-period balancing,Yield Management Yield Management ,supply chain,Bullwhip effect,Deterministic demand,Probabilistic demand,Arborescent system,Supply chain contracts,Distribution requirements planning,Multi period production planning