Coventry University - Inventory Management and Economic Order Quantity
- Offered byFutureLearn
Inventory Management and Economic Order Quantity at FutureLearn Overview
Inventory Management and Economic Order Quantity
at FutureLearn
Duration | 2 weeks |
Total fee | ₹900 |
Mode of learning | Online |
Official Website | Go to Website  |
Credential | Certificate |
Inventory Management and Economic Order Quantity at FutureLearn Highlights
Inventory Management and Economic Order Quantity
at FutureLearn
- Duration 2 weeks
- Weekly study 5 hours
- 100% online Learn at your own pace
Inventory Management and Economic Order Quantity at FutureLearn Course details
Inventory Management and Economic Order Quantity
at FutureLearn
Skills you will learn
More about this course
- On this two-week course, you'll learn key inventory concepts including their classification, costs, and benefits.
- You'll also learn about the ABC analysis and how this crucial technique can help in your inventory management.
- Understanding the concept of the Economic Order Quantity (EOQ) method will help you minimise inventory costs such as order costs and holding costs.
- You'll be introduced to the EOQ concept as well as the bullwhip effect. You'll analyze the drivers and results of these concepts and learn how the bullwhip effect can help you reduce the impacts it can cause throughout your supply chain.
- You'll also explore Vendor Managed Inventory (VMI) and the Efficient Consumer Response (ECR).
- You'll explore the challenges of using them in-depth and learn how to develop a customer-orientated approach to your supply chain.
- By the end of the course, you'll be confident in inventory management techniques and how to apply them to your supply chain to deliver the best outcomes.
Inventory Management and Economic Order Quantity at FutureLearn Curriculum
Inventory Management and Economic Order Quantity
at FutureLearn
Inventory management
Welcome to Short Course 3
Introduction to inventory
Principles of inventory management
A summary of the week
Economic Ordering
Welcome back
Economic Order Quantity
Review systems and the Bullwhip Effect
VMI and ECR
Test your understanding
Summary of the week
Other courses offered by FutureLearn
₹1.81 K
2 weeks
– / –
₹89.23 K
12 weeks
– / –
View Other 1956 Courses
Inventory Management and Economic Order Quantity
at FutureLearn
Student Forum
Anything you would want to ask experts?