Inventory Control Strategies for Effective Management
All you need to know about Product Management | Include Free PDF Certificate & Tutor Support
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Summary
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Overview
Embark on a comprehensive journey through the world of Inventory Control with this detailed course. From understanding the basics of inventory dynamics to exploring advanced Product Management techniques, this course offers a deep dive into the essentials of Product Management. Whether you're a novice in inventory control, an experienced Product Management professional, or someone keen on optimizing their stock levels, this Product Management course is tailored to provide you with actionable insights and techniques.
Learning Outcome: Upon completing this Product Management course, participants will:
- Grasp the foundational concepts of Inventory Control and Product Management.
- Develop the ability to design and implement effective Product Management strategies.
- Understand and apply various stock control and Product Management techniques.
- Master the art of safety stock calculations and risk management in Product Management.
- Stay updated with emerging trends and prepare for a career in Product Management.
Certificates
Reed Courses Certificate of Completion
Digital certificate - Included
Will be downloadable when all lectures have been completed.
Curriculum
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Welcome to Inventory Control Course 00:44
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Module 01: What is Inventory Control 09:00
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Module 02: Inventory Dynamics 11:00
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Module 03: Safety Stock Calculations 12:00
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Module 04: Calculating Safety Stock Using Statistics 11:00
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Module 05: Key Limitations of Using Statistical Methods 13:00
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Module 06: Tolerance for Risk in Inventory Control 12:00
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Module 07: Probability of a Stockout Over Time 13:00
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Module 08 Optimising Safety Stock Level 12:00
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Module 09: Advanced Inventory Control Techniques 14:00
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Module 10: Future Trends in Inventory Control 14:00
Course media
Description
Dive deep into the multifaceted world of Inventory Control with this meticulously designed Product Management course. From understanding stock dynamics to exploring future trends in Product Management, this course provides a blend of theoretical knowledge and practical insights. Whether you're looking to optimize your inventory, understand safety stock calculations, or simply deepen your knowledge in Product Management, this course is your ultimate guide.
Course Curriculum:
Module 1: Basics of Inventory Control and Product Management
- Introduction to the world of Product Management.
- Understanding safety and buffer stock in Product Management.
- The role of supply chain trade-offs in Product Management.
- Delving into costs of inventory in Product Management.
Module 2: Inventory Dynamics in Product Management
- Understanding reorder points in Product Management.
- Alternatives to the reorder point in Product Management.
- The role of demand forecasting in Product Management.
- Real-world case studies of Product Management in action.
Module 3: Safety Stock Calculations in Product Management
- Introduction to safety stock calculations in Product Management.
- Detailed guide to calculating safety stock in Product Management.
- Factors influencing safety stock levels in Product Management.
- Adjusting safety stock levels in Product Management based on demand or supply changes.
Module 4: Statistical Methods in Product Management
- Using standard deviation in Product Management safety stock calculation.
- The role of service level in Product Management.
- Troubleshooting common issues in Product Management safety stock calculation.
Module 5: Limitations of Statistical Methods in Product Management
- Understanding assumptions in Product Management safety stock calculation.
- Real-world limitations of statistical methods in Product Management.
- Managing risk with limited data in Product Management.
Module 6: Risk Management in Product Management
- Understanding risk in Product Management.
- Evaluating tolerance for risk in Product Management.
- Tools and techniques for risk assessment in Product Management.
- Case study: Risk management in Product Management in action.
Module 7: Stockout Risk in Product Management
- Understanding the concept of stockout in Product Management.
- The impact of a stockout on businesses in Product Management.
- Evaluating and minimizing stockout risks in Product Management.
Module 8: Optimizing Safety Stock Levels in Product Management
- Techniques for optimizing safety stock levels in Product Management.
- Balancing inventory costs and service levels in Product Management.
- Case study: Successful safety stock optimization in Product Management.
Module 9: Advanced Product Management Techniques
- Introduction to Just-In-Time (JIT) Product Management.
- The role of ABC Analysis in Product Management.
- Vendor Managed Inventory (VMI) in Product Management.
- The role of technology in modern Product Management.
Module 10: Future Trends in Product Management
- The impact of E-commerce on Product Management.
- The growing importance of sustainability in Product Management.
- The role of predictive analytics and big data in Product Management.
- Preparing for the future of Product Management.
Who is this course for?
The Product Management course is suitable for all.
Requirements
This Product ManagementTraining does not have any prerequisites or formal requirements.
Career path
Taking Product Management Course will open up a variety of career options for you.
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Legal information
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.