Inventory and Portfolio Management from edX

Inventory is also company money, materialized in supplies towards the elaboration of products in-process, finished and for sale.

Keeping an organized and updated inventory will allow you to save time and resources. Also, knowing that type of product you have available and what state it is in helps in organizing what you already have, so you will not have waste and you will be able to sell as you produce.

Inventory is a hidden treasure for companies. In this online course you will learn to properly manage it and meet your clients’ expectations while optimizing time, money, avoid waste and make the right decisions on your investments.

Portfolio and inventory management is very important, regardless if your organization is a Micro, Small, Medium or Large company.

What you'll learn

What will you learn?

Defining key concepts for inventory management and apply them on different company products.
Correctly relating different stages of the products and the company in order to adequately manage them into the inventory and reduce costs and time.
Identifying the most important points of inventory management to guarantee product visibility along the value network and the logistical process.
Getting to know technological tools that facilitate a quick inventory management in order to efficiently meet the client’s requirements.

What's inside

Syllabus

Module 0: Welcome

Inventory and portfolio management

Module 1: Designing a product portfolio

What is a product portfolio?

Product segmentation

Planning product demand

Module 2: Inventory management

How to manage inventory?

Inventory strategies

Calculating policies and inventory curves

Module 3: Collaboration and technology in inventories

Collaboration in inventories

Vendor Managed Inventory - VMI

Collaborative planning, replenishment and forecasting – CPRF

Electronic product and data interchange – EDI

Product preparation

Module 4: Storage management

Managing a storage

Layout

How to perform Slotting?

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Introduces learners to the field of inventory management by defining key concepts and providing practical examples

Teaches learners how to design and manage a product portfolio, which is essential for businesses of all sizes

Covers essential inventory management strategies, including calculating policies and inventory curves, to help learners optimize their inventory levels

Emphasizes the importance of collaboration and technology in inventory management, which can help learners improve efficiency and accuracy

Provides practical guidance on storage management, including layout and slotting techniques, to help learners optimize their storage space

Requires learners to have some prior knowledge of inventory management concepts and practices, which may not be suitable for complete beginners

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Inventory and Portfolio Management with these activities:

Review Inventory Management Concepts

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Review the fundamentals of inventory management

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Go over your notes or textbooks
Take practice quizzes or exams
Attend a review session

Review Inventory Management Techniques

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Learn the fundamentals of inventory management to prepare for this course

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Review the different types of inventory management techniques
Identify the benefits and drawbacks of each technique
Apply these techniques to real-world scenarios

Follow Tutorials on Inventory Management Best Practices

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Stay up-to-date on the latest inventory management trends

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Identify reputable sources for inventory management tutorials
Select tutorials that align with your learning goals
Follow the tutorials and apply the concepts to your own work

Six other activities

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Solve Inventory Management Problems

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Practice solving inventory management problems to reinforce course concepts

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Analyze real-world inventory management case studies
Develop and implement inventory management solutions
Evaluate the effectiveness of different inventory management strategies

Attend an Inventory Management Workshop

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Engage with experts and practitioners in the field of inventory management

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Identify and register for an inventory management workshop
Attend the workshop and actively participate in discussions
Network with other professionals in the field

Create an Inventory Management Plan

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Develop an inventory management plan to apply course concepts in a practical setting

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Identify the inventory management goals and objectives
Develop an inventory management strategy
Implement the inventory management plan
Monitor and evaluate the effectiveness of the inventory management plan

Participate in an Inventory Management Competition

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Test your skills and benchmark yourself against other professionals

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Identify and register for an inventory management competition
Prepare for the competition by studying and practicing
Participate in the competition and give your best effort

Mentor Junior Professionals in Inventory Management

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Consolidate your understanding by sharing your knowledge with others

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Identify opportunities to mentor junior professionals
Develop a mentoring plan
Meet regularly with your mentees and provide guidance and support

Implement an Inventory Management System

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Apply your learning by implementing an inventory management system

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Identify the business requirements for the inventory management system
Design and develop the inventory management system
Implement the inventory management system
Monitor and evaluate the effectiveness of the inventory management system

Career center

Learners who complete Inventory and Portfolio Management will develop knowledge and skills that may be useful to these careers:

Portfolio Manager

A Portfolio Manager manages investments for clients. They use their knowledge of inventory management to understand how a client's portfolio is performing. This course may be helpful for Portfolio Managers because it teaches them how to manage inventory, which is a key part of portfolio management. The course also teaches how to use technology to manage inventory, which is important for Portfolio Managers who want to be efficient in their work.

See salaries and explore the career path for Portfolio Manager

Inventory Control Analyst

An Inventory Control Analyst manages an organization's inventory. They track the flow of inventory, from the time it is purchased to the time it is sold. They also develop and implement inventory management systems. This course may be useful for Inventory Control Analysts because it teaches them how to manage inventory, which is a key part of their job. The course also teaches how to use technology to manage inventory, which is important for Inventory Control Analysts who want to be efficient in their work.

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Supply Chain Manager

A Supply Chain Manager plans and manages the flow of goods and materials for an organization. They use their knowledge of inventory management to ensure that the organization has the resources it needs to meet customer demand. This course may be helpful for Supply Chain Managers because it teaches them how to manage inventory, which is a key part of supply chain management. The course also teaches how to collaborate with others on inventory management, which is important for Supply Chain Managers who work with other departments in the organization.

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Product Manager

A Product Manager develops and manages products. They use their knowledge of inventory management to ensure that the product is available to customers when they want it. This course may be helpful for Product Managers because it teaches them how to manage inventory, which is a key part of product management. The course also teaches how to collaborate with others on inventory management, which is important for Product Managers who work with other departments in the organization.

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Logistics Manager

A Logistics Manager plans and coordinates the movement of goods and materials. They use their knowledge of inventory management to ensure that the right products are delivered to the right place at the right time. This course may be helpful for Logistics Managers because it teaches them how to manage inventory, which is a key part of logistics management. The course also teaches how to collaborate with others on inventory management, which is important for Logistics Managers who work with other departments in the organization.

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Procurement Manager

A Procurement Manager oversees the purchasing of goods and services for an organization. They use their knowledge of inventory management to ensure that the organization gets the best possible prices on the goods and services it needs. This course may be helpful for Procurement Managers because it teaches them how to manage inventory, which is a key part of procurement management. The course also teaches how to collaborate with others on inventory management, which is important for Procurement Managers who work with other departments in the organization.

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Purchasing Manager

A Purchasing Manager oversees the purchasing of goods and services for an organization. They use their knowledge of inventory management to ensure that the organization gets the best possible prices on the goods and services it needs. This course may be helpful for Purchasing Managers because it teaches them how to manage inventory, which is a key part of purchasing management. The course also teaches how to collaborate with others on inventory management, which is important for Purchasing Managers who work with other departments in the organization.

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Production Manager

A Production Manager oversees the production of goods and services for an organization. They use their knowledge of inventory management to ensure that the organization has the resources it needs to produce the goods and services it needs. This course may be helpful for Production Managers because it teaches them how to manage inventory, which is a key part of production management. The course also teaches how to collaborate with others on inventory management, which is important for Production Managers who work with other departments in the organization.

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Operations Manager

An Operations Manager oversees the day-to-day operations of a business. They use their knowledge of inventory management to ensure that the business has the resources it needs to operate efficiently. This course may be helpful for Operations Managers because it teaches them how to manage inventory, which is a key part of operations management. The course also teaches how to collaborate with others on inventory management, which is important for Operations Managers who work with other departments in the organization.

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Quality Control Manager

A Quality Control Manager ensures that the products and services of an organization meet quality standards. They use their knowledge of inventory management to make sure that the organization has the resources it needs to produce quality products and services. This course may be helpful for Quality Control Managers because it teaches them how to manage inventory, which is a key part of quality control management. The course also teaches how to collaborate with others on inventory management, which is important for Quality Control Managers who work with other departments in the organization.

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Project Manager

A Project Manager plans and executes projects. They use their knowledge of inventory management to ensure that the project has the resources it needs to be successful. This course may be helpful for Project Managers because it teaches them how to manage inventory, which is a key part of project management. The course also teaches how to collaborate with others on inventory management, which is important for Project Managers who work with other departments in the organization.

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Risk Manager

A Risk Manager identifies and manages risks for an organization. They use their knowledge of inventory management to understand how risks can affect the organization's inventory. This course may be helpful for Risk Managers because it teaches them how to manage inventory, which is a key part of risk management. The course also teaches how to collaborate with others on inventory management, which is important for Risk Managers who work with other departments in the organization.

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Financial Analyst

A Financial Analyst analyzes financial data to make recommendations about investments. They use their knowledge of inventory management to understand how a company's inventory affects its financial performance. This course may be helpful for Financial Analysts because it teaches them how to manage inventory, which is a key part of financial analysis. The course also teaches how to use technology to manage inventory, which is important for Financial Analysts who want to be efficient in their work.

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Cost Estimator

A Cost Estimator calculates how much it will cost to produce a product or service. They use their knowledge of inventory management to estimate the cost of materials and other resources. This course may be useful for Cost Estimators because it teaches them how to manage inventory, which is a key part of cost estimating. The course also teaches how to use technology to manage inventory, which is important for Cost Estimators who want to be efficient in their work.

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Budget Analyst

A Budget Analyst studies how an organization spends its money. They analyze current inventory and spending habits to predict future spending needs. They use this information to create reports and recommendations for the organization's leadership. This course may be helpful for Budget Analysts because it teaches them how to manage inventory, which is a key part of budgeting. The course also teaches how to collaborate with others on inventory management, which is important for Budget Analysts who work with other departments in the organization.

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Inventory and Portfolio Management

What you'll learn

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What's inside

Syllabus

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