Inventory Management Basics: MBA beginners course to your optimize your Purchasing, Logistics, EOQ and Safety Stock
InstructorLaurence GartsideThe curriculum covers specific mathematical approaches for order quantities, including Economic Order Quantity (EOQ), Economic Batch Quantity (EBQ), and the Price Break Model.
Instruction covers calculating safety stock using both simple methods and statistical modeling involving normal distributions and standard deviation.
Editorial course preview
This view highlights a concrete, legible example from the course presentation.
This composite overview displays key course modules including inventory definitions, cost metrics, and specific calculation methods for safety stock and order timing decisions.
Free
The course structure incorporates multiple practice items throughout the modules, such as Little's Law, ABC Classification, and Inventory Position.
One signal suggests the delivery of content can feel too fast, while another indicates a need for more precise or simple examples to ensure full comprehension.
The curriculum aligns with the target audience of supply chain and operations professionals.