By the end of this course, learners will be able to identify the fundamentals of inventory management, calculate and apply Economic Order Quantity (EOQ), classify items using ABC Analysis, evaluate procurement processes, and compare valuation methods such as FIFO, LIFO, and Average Cost. The course equips participants with practical tools to maintain optimal stock levels, minimize costs, and improve operational efficiency.
Inventory Management: Analyze, Optimize & Control
Gain insight into a topic and learn the fundamentals.
8 hours to complete
Flexible schedule
Learn at your own pace
What you'll learn
Identify inventory fundamentals and apply EOQ & ABC Analysis.
Evaluate procurement, stock control, and JIT practices.
Compare inventory valuation methods: FIFO, LIFO, Avg Cost.
Skills you'll gain
Details to know
Shareable certificate
Add to your LinkedIn profile
Recently updated!
October 2025
Assessments
12 assignments
Taught in English
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There are 3 modules in this course
This module introduces the core principles of inventory management, emphasizing the importance of stock control, cost efficiency, and maintaining smooth business operations. Learners explore stock level types—maximum, minimum, reorder, and safety stock—and understand how these levels ensure operational continuity while minimizing costs.
What's included
11 videos4 assignments1 plugin
This module covers the Economic Order Quantity (EOQ) model and related inventory analysis tools. Learners gain insight into cost optimization, balancing ordering and carrying costs, and applying EOQ in real-world contexts, including discounts, lead times, and ABC Analysis.
What's included
11 videos4 assignments
This module explores procurement processes, supplier evaluation, inventory valuation methods (FIFO, LIFO, and Average), and modern systems like Just-In-Time (JIT). Learners understand procurement’s strategic role, the impact of valuation on financial reporting, and efficiency gains through advanced practices.
What's included
11 videos4 assignments
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