Mastering Inventory Management in Supply Chain World

[BaDshaH]

Published 7/2023
Created by Sitmi Academy
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz, 2 Ch
Genre: eLearning | Language: English | Duration: 42 Lectures ( 3h 58m ) | Size: 3.33 GB

Unlocking Efficiency through Strategic Inventory Control with READY EXCEL templates for inventory Analysis !

[b]What you'll learn[/b]
Deep understanding of the Inventory management function.
Activities involved in Inventory Management function
Understanding Inventory Costs: A Comprehensive Overview
Need of best inventory management today - From Burden to Opportunity : Unleashing the Hidden Value of Inventory Management
Benefits of well managed inventory - From Chaos to Control Unleashing the Potential of well managed inventory
What is meaning of Selective Inventory Control Methods
9 Selective Inventory Control Methods - Categorization logic & uses (ABC, XYZ, FSN, HML, SDE, VED, S-OS, GOLF, PQR)
Overview & Excel Calculation for ABC, XYZ, HML, FSN, S-OS, VED, SDE, PQR, GOLF Analysis.
Categorizing Selective Inventory Control Methods in Microsoft Excel - Ready sheets for analysis in minutes.
Inventory Replenishment planning methods
Four Inventory replenishment Methods
What is Safety Stock, Why it is needed?
Calculation of Safety Stock in Excel & Ready excel sheet for quick calculation
Calculation of Reorder Point (ROP) in Excel & Ready excel sheet for quick calculation
Calculation of Economic Order Quantity (EOQ) in Excel & Ready excel sheet for quick calculation
Calculation of Min Max levels in Excel & Ready excel sheet for quick calculation
Planning strategies in Business environments - All about MTO, MTS ATO & ETO.
Vendor Managed Inventory, VMI Vs traditional methods, Process Flow, Benefits of VMI, Top Companies using VMI
VMI Case study of big retail giant Wal-Mart (Unlocking Efficiency & Profits)
Inventory Performance Management through Metrics
Overview of Average inventory - Meaning, Calculation & Example
Overview of Cost of Goods Sold (COGS) - Meaning, Calculation & Example, Exclusion & Inclusions in COGS costs.
Overview of Inventory turnover ratio (ITR)- Meaning, Calculation & Example
Overview of Days on Hand (DOH)- Meaning, Calculation & Example
Overview of Inventory Accuracy - Meaning, Calculation & Example
Overview of Gross Margin return on inventory investment (GMROII)- Meaning, Calculation & Example.
Overview of Days of Sales (DOS)- Meaning, Calculation & Example.
Overview of Excess & Obsolete Inventory (E&O) - Meaning, Calculation & Example.
Overview of on time delivery (OTD) - Meaning, Calculation & Example.
Overview of on time in full (OTIF) - Meaning, Calculation & Example.
Excel calculation & ready template for calculation of average inventory, ITR, DOH, DOS, GMROII, E&O, OTD & OTIF
Bonus Module: Supply Chain Planning processes that deals with Inventory Control
Master Production Schedule (MPS), Interlink with demand plan , Inputs & Outputs to MPS, BOM
Materials Requirement Planning (MRP), Interlink with MPS, Inputs & Outputs of MRP, Example & Calculation of MRP with examples
MPS Vs MRP

[b]Requirements[/b]
English Language
Software used to read PDF documents (Like Adobe)
Microsoft Excel Basic awareness
Learning & attentive mindset

[b]Description[/b]
Background of the courseThis course will help you drastically improve your knowledge and skills in Inventory Management practices through a series of must know concepts, practical cases, case studies, calculations, examples and Ready Excel Templates for numerous inventory analysis in few minutes. This course is designed by Academic & Industry experts in the field for everyone who is in Supply Chain / Inventory / Demand planning role or wanted to make their career in the field. This course is designed for Supply Chain Managers, Inventory Managers, Supply Chain Analysts, Buyers, Demand Planners, Inventory planners, Transportation, warehousing & Logistics planners & even supply chain leaders.What this course covers?This course covers extensive content in a simple explanations and covers all must know topics within inventory management practices in five key modules as below.Module 1 - Introduction to Inventory Management· Introductiono What is inventoryo Types and of inventory· Activities involved in Inventory Management function· Understanding Inventory Costs: A Comprehensive Overviewo Ordering Costo Carrying or holding costo Shortage or stock out costo Spoilage costo Other costso Tabular examples of the costs· Need for effective inventory management today - From Burden to Opportunityo Contribution of Inventory in working capitalo Research studies about inventory contribution in company's working capital.o Inventory contribution in retail, manufacturing and service companies.o Role of inventory holding costo Research studies on contribution of holding cost in inventory costs.· Benefits of well managed inventory - From Chaos to Controlo Cost optimization & Cash flow managemento Customer Satisfactiono Improved supply chain efficiency.o Profit maximizationModule 2 - Selective Inventory control methods & Analysis in Excel· Overview of Selective inventory control· Why Selective inventory control?· What are benefits of selective inventory control?· Overview of ABC Analysis - Meaning, Logics & Uses.· Overview of XYZ Analysis - Meaning, Logics & Uses.· Overview of HML Analysis - Meaning, Logics & Uses.· Overview of FSN Analysis - Meaning, Logics & Uses.· Overview of VED Analysis - Meaning, Logics & Uses.· Overview of SDE Analysis - Meaning, Logics & Uses.· Overview of S-OS Analysis - Meaning, Logics & Uses.· Overview of GOLF Analysis - Meaning, Logics & Uses.· Overview of PQR Analysis - Meaning, Logics & Uses.· Excel Calculation & Automated calculation sheet for ABC, XYZ, HML, FSN, PQR, ABC-XYZ analysis.Module 3- Inventory Replenishment planning methods· Four Inventory replenishment Methods· What is Safety Stock, Why it is needed?· Calculation of Safety Stock in Excel & Ready excel sheet for quick calculation· Calculation of Reorder Point (ROP) in Excel & Ready excel sheet for quick calculation· Calculation of Economic Order Quantity (EOQ) in Excel & Ready excel sheet for quick calculation· Calculation of Min Max levels in Excel & Ready excel sheet for quick calculation· Planning strategies in Business environments - All about MTO, MTS ATO & ETO.· Vendor Managed Inventoryo What is VMIo How it is different from traditional inventory replenishmento Process flow in VMI & traditional inventory replenishmento Benefits of VMIo Top Companies who uses VMI in their businesses· VMI Case study of big retail giant Wal-Mart (Unlocking Efficiency & Profits)Module 4 - Inventory Performance Management through Metrics· Overview of Average inventory - Meaning, Calculation & Example· Overview of Cost of Goods Sold (COGS) - Meaning, Calculation & Exampleo Exclusion & Inclusions in COGS costs.· Overview of Inventory turnover ratio (ITR)- Meaning, Calculation & Example· Overview of Days on Hand (DOH)- Meaning, Calculation & Example· Overview of Inventory Accuracy - Meaning, Calculation & Example· Overview of Gross Margin return on inventory investment (GMROII)- Meaning, Calculation & Example.· Overview of Days of Sales (DOS)- Meaning, Calculation & Example.· Overview of Excess & Obsolete Inventory (E&O) - Meaning, Calculation & Example.· Overview of on time delivery (OTD) - Meaning, Calculation & Example.· Overview of on time in full (OTIF) - Meaning, Calculation & Example.· Excel calculation & ready template for calculation of average inventory, ITR, DOH, DOS, GMROII· Excel calculation & ready template for E&O Inventory· Excel calculation & ready template for OTD & OTIFModule 5 - Bonus Module: Supply Chain Planning processes that deals with Inventory Control· Master Production Schedule (MPS)o What is MPS , Its interlink with Demand Plano Example how to run MPSo Inputs & Outputs of MPSo Bill of Material & Example.· Materials Requirement Planning (MRP)o What is MRP , Its interlink with MPSo Objectives of MRPo Inputs & Outputs of MRPo Example & Calculation of MRP with examples· MPS Vs MRPo Dependent demand Vs Independent demando Difference between MPS & MRP.

Who this course is for
Professionals - Like Buyers, Demand Planners, Logistics Planners, Inventory Planners, Supply Chain Managers, Supply Chain Analysts.
Professionals looking to make their career or switch their careen in Supply Chain field.

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