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Managing Inventory

Ed-next

Course

Online

£ 21 + VAT

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Description

  • Type

    Course

  • Methodology

    Online

Regardless of the type of operation being managed, chances are that a company needs to keep supplies on hand that allows operations management to occur. Inventory is the amount and number of raw materials, parts, and finished products that an organization has in its possession at any given time. Four kinds of inventory are kept by companies: raw materials, component parts, work-in-process inventories, and finished goods. Uncontrolled inventory can lead to huge costs for a company, so managers need to measure their inventory well to prevent inventory costs from becoming too large.  Managers have a lot of responsibilities: leading people, serving customers, maintaining internal controls, satisfying stakeholders, and driving profitability.Throughout all these responsibilities, managers must always strive to manage worker productivity and product quality. This course discusses how inventory is managed towards these ends. 

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Subjects

  • Management
  • Operations Management
  • Benefits
  • IT
  • Quality
  • Inventory Management
  • Driving
  • Materials
  • Product Quality
  • IT Management

Course programme

By the end of this course the learner will be able to:

  • State why inventory management is important for company operations

  • Describe several types of inventories

  • Summarize several inventory measurement methods

  • Explain the types of inventory costs companies incur

  • List ways inventory can be managed




ed-next is the distance e-learning provider of choice. We’re affiliated to acknowledged online e-learning providers and we deliver over 500 academic, vocational and professional development courses. A recent and very exciting move has been our partnership with the University of Derby to enrol students on its highly respected undergraduate and postgraduate degree courses. As it’s so expensive ed-next’s comprehensive portfolio of courses addresses a huge range of work-based situations and skill levels, as well as academic content where relevant, and we cover all levels and all types of organisation, so there’s sure to be something in our collection that meets your needs. So why not come with us on an exciting journey of discovery, challenge, and personal improvement, with benefits for you, your career and your organisation.

Additional information

All materials are included in this course.

See related categories

Managing Inventory

£ 21 + VAT

The best Supply Chain courses

See all

See all