Inventory Control and Stock Management

Keeping the right parts on the shelf without tying up cash: stocking, ordering, counts and inventory metrics.

APT-210 12 lessons planned ▶ Video lessons coming soon

Offered by HSM University · Parts Technician

Course content

  1. 1Why inventory control mattersComing
  2. 2Bin locations and stock layoutComing
  3. 3Stock levels, reorder points and lead timesComing
  4. 4Ordering: stock orders and emergency ordersComing
  5. 5Inventory turns and carrying costComing
  6. 6Obsolete stock and returns to suppliersComing
  7. 7Cycle counts and physical inventoriesComing
  8. 8Shrinkage and loss preventionComing
  9. 9Inventory software and reportsComing
  10. 10Seasonal and special-order partsComing
  11. 11Calculating inventory metricsComing
  12. 12Fixing a struggling parts department's stockComing

Requirements

Recommended background. You can start any course at any time.

Description

Keeping the right parts on the shelf without tying up cash: stocking, ordering, counts and inventory metrics.