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Summary | Inventory Management

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Inventory Management Topics

Related Courses

Accounting for Inventory

Inventory Management

How to Audit Inventory

Podcasts

  • Cycle counting

  • Inventory controls

  • Inventory metrics

  • Inventory record accuracy

  • Obsolete inventory

Inventory Record Keeping

  • Cycle counting

  • How to improve inventory record accuracy

  • How to reconcile inventory

  • Inventory control

  • Inventory self-auditing

  • Material requisition form

  • Stock taking

  • Stores requisition

  • Two-bin inventory control

Inventory Reduction Topics

  • How to reduce inventory

  • Inventory risk pooling

  • Just-in-time inventory

  • Reduce product options

  • Service parts inventory

  • The advantages and disadvantages of just-in-time inventory

Inventory Analysis Topics

  • ABC analysis

  • ABC inventory system

  • ABC method

  • Average age of inventory

  • Buffer stock

  • Cost to store inventory

  • Days' sales in inventory

  • Economic lot size

  • EOQ reorder point

  • Holding costs

  • How to calculate inventory purchases

  • How to identify obsolete inventory

  • Inventory analysis

  • Inventory carrying cost

  • Inventory conversion period

  • Inventory turnover

  • Inventory velocity

  • Maximum stock level

  • Period order quantity

  • Reorder point

  • Shortage costs

  • Stockout cost

Miscellaneous Inventory Management Topics

  • High turnover inventory systems

  • Inventory picking procedure

  • Just-in-time production

  • Receiving procedure

  • Safety stock

  • The difference between work in process and work in progress

  • When inventory ownership occurs under FOB terms

  • Zone picking

Related Definitions

  • Back order

  • Base stock

  • Obsolete inventory

  • Ordering costs

  • Out of stock

  • Raw materials

  • Stockout

  • Stores

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