Business / Inventory Management / Management · December 22, 2022

Strategic Inventory Management by Eric Yeboah Udemy

Download: Strategic Inventory Management by Eric Yeboah

Strategic Inventory Management is the course offered by udemy for all those who want to know more about this topic.

Inventory analysis, Inventory storage, Inventory forecasting, Inventory accounting, Multichannel inventory tracking etc

Surely some are looking for a free course on this subject; However, we can assure you that the most important teachers in the field have rated this udemy course as one of the best for how concrete and explanatory it is.

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The course professor Eric Yeboah

The Strategic Inventory Management course is taught by Eric Yeboah. For those who do not know, this author is one of the best trained on this subject. He has lectured many times, taught at major institutes, and enjoys a high reputation from his colleagues.

Learn more about Eric Yeboah:

My education is centered on business and marketing, I have studied with Chartered Institute of Marketing ( C.I.M-UK) from certificate in marketing, advance certificate in marketing to post graduate diploma in marketing. I proceeded to do master of business administration from central university graduate business school.

Strategic Inventory Management

Description about Strategic Inventory Management

Inventory management is the process of ordering, handling, storing, and using a company’s non-capitalized assets. For some business, this involves raw materials and components, whiles others may only deal with finished stock items ready for sale. Either way, inventory management all comes down to balance- having the right amount of stock, in the right place, at the right time. Finished goods are products that are complete and ready for sales. These may have been manufactured by the business itself, or purchase as a whole, finished product from a supplier. Most retailers will either purchase whole, finished products from a supplier, or have custom product manufactured for them by a third-party. Finished goods are therefore often ( but not always) one of the only types of inventory needing to be handled within retail inventory management. Raw materials are any items used to manufacture finished products, or the individual components that go into them. These can be produced or sourced by a business itself or purchase from a supplier. For example: A business that makes its own bespoke furniture may purchase materials from a supplier. While a small business supplying herbs may actually grow these itself. Inventory forecasting is essentially making an informed projection on how much stock will be needed to satisfy demand over a given time period. It starts with a simple demand forecast, then what’s already in stock to plan how much inventory is required going forward.

Score according to professionals: 3.9

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