Inventory management in operations management refers to the process of ordering, storing, and using a company’s inventory: raw materials, components and finished products. The goal of inventory management is to balance the cost of ordering and storing material with the cost of not having that material available when it is needed. Effective inventory management combines elements of accounting, sales, and operations management
Course Content
Module 1: Types of Inventory
You don't currently have access to this content
Module 2: Independent vs Dependent Demand
You don't currently have access to this content
Module 4: Economic Order Quantity
You don't currently have access to this content
Module 5: Reorder Point Inventory Control
You don't currently have access to this content
Module 6: Periodic and Perpetual Inventory System
You don't currently have access to this content
Inventory and Supply Chain Management
You don't currently have access to this content
