Inventory Management A-Z: Supply Chain & Business Operations

Inventory Management Basics: MBA beginners course to your optimize your Purchasing, Logistics, EOQ and Safety Stock

4.62 (5684 reviews)

Udemy

platform

English

language

Operations

What you will learn

Become the Inventory Guru in your team! Master this essential area of Supply Chain Management

Gain a total overview of Inventory Management for your Manufacturing or Service business

Little's Law - calculate required inventory using Little's Law

Economic Order Quantity - formula to calculate how much to order

Price Break Model - advanced EOQ when prices vary with order quantity

Inventory Dynamics - how to study inventory levels over time to make better decisions

ABC Analysis - classify and group your inventory to prioritise attention

Performance Metrics - use the essential KPIs to keep your "finger on the pulse"

Safety Stock level calculations - simple method and using statistics modelling step by step

Increase profitability, improve delivery and use your resources more efficiently

Boost your career: increase your confidence to see and lead change , impress your own boss and become a better manager

Course Gallery

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Inventory Management A-Z: Supply Chain & Business Operations – Screenshot 3 — Screenshot 3 – Inventory Management A-Z: Supply Chain & Business Operations

Inventory Management A-Z: Supply Chain & Business Operations – Screenshot 4 — Screenshot 4 – Inventory Management A-Z: Supply Chain & Business Operations

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Comidoc Review

Our Verdict

As an instructor, Laurence delivers a solid foundational course in Inventory Management A-Z, striking a balance between theory and practical examples. While minor calculation errors and the need for more complex case studies slightly detract from the overall experience, the well-structured content, engaging teaching style, and valuable quizzes make this an excellent starting point for beginners seeking to understand inventory management basics. The course's strengths in connecting high-level concepts with real-life applications allow learners to grasp critical principles effectively, establishing a solid foundation for further learning and exploration.

What We Liked

Comprehensive high-level introduction to Inventory Management (IM) with real-life examples, suitable for both beginners and those looking to refresh their knowledge.
Well-structured course covering key concepts such as Little's Law, Economic Order Quantity, ABC Analysis, Performance Metrics, Safety Stock level calculations, and more.
The instructor effectively connects theoretical concepts with practical examples, making the learning process enjoyable and engaging.
Includes valuable quizzes that help reinforce understanding of different inventory management concepts

Potential Drawbacks

A few minor calculation errors were noticeable but not significant enough to detract from the overall learning experience.
The course could benefit from more complex real-world case studies and practical templates for better application of theoretical knowledge.
Limited focus on operational aspects of inventory management that might be crucial in some industries.
Additional visual elements, such as real-world dashboards and tool examples, would enhance understanding.