The course “Independent Demand and Inventory Management” is a course only dedicated to inventory management and related topics. Project Managers, Operations Managers, and other managers and people within the company are actively involved in inventory and supply chain management.
Inventory is very important and can lead to high costs and loss of profitability and business opportunities. Managing inventory is an important part of the work of the operations and production managers.
In this course, we introduce the definition of inventory, the different types of inventory, the total value of inventory, cash and cost cycles, cost of inventory, economic order quantity, uneven demand and variability, and safety stock.