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Michael Management
Inventory must be planned and controlled effectively for Customer satisfaction/Company profitability. This course provides knowledge of complex concepts in SAP that help you analyze your inventory to make the right decisions towards optimization.
Inventory is both an investment and a cost to your company. It should be planned and controlled effectively to meet both your customer's satisfaction and your organization's profitability. This course provides a clear understanding of complex inventory concepts so that you may analyze your inventory in detail and implement the right decisions towards optimization.
Register for this course and see more details by visiting:
OpenCourser.com/course/asgxyy/effectively
What's inside
Syllabus
Course Business Case
Looking at the Fundamentals of Inventory
Understanding Concepts in the Planning of Inventory
Working in Inventory Control
Read more
Syllabus
Course Business Case
Looking at the Fundamentals of Inventory
Understanding Concepts in the Planning of Inventory
Working in Inventory Control
Read more
Looking at Inventory Metrics
A Look at Reports
Summary and Appendix
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Suitable for those responsible for inventory planning and control or with responsibilities for ensuring the timely flow of materials and products
Useful even if you are involved in the supply of goods and need to understand inventory optimization
Provides detailed knowledge of inventory concepts, metrics, and reports
Save this course
Save Effectively Optimizing Inventory with SAP to your list so you can find it easily later:
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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 Effectively Optimizing Inventory with SAP with these
activities:
ReviewgetInventoryPlanningAndControlConcepts
Show steps
Reviewing these concepts will refresh your memory and help you better understand the material covered in the course.
Browse courses on
Inventory Planning
Show steps
-
Read through your old notes or textbooks on inventory planning and control.
-
Take some practice quizzes or tests to assess your current understanding.
-
Attend a refresher course or workshop on inventory management.
Find a Mentor in the Inventory Management Field
Show steps
Having a mentor can provide you with guidance, support, and advice as you learn about inventory management.
Show steps
-
Reach out to people in your network who work in inventory management.
-
Attend industry events and conferences to meet potential mentors.
-
Ask your professors or colleagues for recommendations.
-
Once you have found a mentor, meet with them regularly to discuss your progress and get feedback.
Review the Book: Inventory Management by Adam C. Hayes
Show steps
This book provides a comprehensive overview of inventory management concepts and practices.
View
Best Practice Guide on the Control of Iron and...
on Amazon
Show steps
-
Read through the book and take notes on the key concepts.
-
Complete the exercises and case studies at the end of each chapter.
-
Discuss the book with other students or professionals in the field.
Six other activities
Expand to see all activities and additional details
Show all nine activities
Tableau Inventory Percentile Report - Understand inventory planning
Show steps
Practice these exercises to understand the concepts of inventory planning in SAP.
Browse courses on
Inventory Planning
Show steps
-
Navigate to the Tableau Inventory Percentile Report
-
Analyze the report data to identify patterns and trends
-
Develop insights and recommendations for inventory planning
Practice Inventory Calculations
Show steps
Practice your ability to calculate inventory values through repetitive drills.
Show steps
-
Set up a spreadsheet
-
Enter sample data
-
Use formulas to calculate inventory values
Use an Online Inventory Management Tutorial
Show steps
Following a guided tutorial can provide you with a structured and interactive way to learn about inventory management concepts.
Browse courses on
Inventory Management
Show steps
-
Find an online tutorial that covers the topics you want to learn about.
-
Follow the steps in the tutorial and complete the exercises.
-
Review the material you have learned and test your understanding.
Practice Inventory Management Scenarios Using SAP
Show steps
Practicing these scenarios will help you develop the skills needed to manage inventory effectively.
Browse courses on
Inventory Management
Show steps
-
Create a sample inventory database in SAP.
-
Simulate different inventory scenarios, such as stockouts, overstocks, and demand fluctuations.
-
Use the SAP tools to track inventory levels, manage orders, and generate reports.
-
Review your results and identify areas for improvement.
Compile a Glossary of Inventory Management Terms
Show steps
Creating a glossary will help you build your understanding and reinforce the key concepts covered in the course.
Show steps
-
Create a list of all the inventory management terms you encounter in the course.
-
Define each term in your own words.
-
Add examples and illustrations to help you remember the terms.
-
Review your glossary regularly to reinforce your understanding.
Start an Inventory Management Project
Show steps
Completing a project can provide you with practical experience and help you apply the concepts you have learned in the course.
Browse courses on
Inventory Management
Show steps
-
Define the scope of your project, including the goals, objectives, and deliverables.
-
Create a project plan and timeline.
-
Gather the necessary resources, including data, tools, and equipment.
-
Implement your project plan and track your progress.
-
Evaluate the results of your project and identify areas for improvement.
ReviewgetInventoryPlanningAndControlConcepts
Show steps
Reviewing these concepts will refresh your memory and help you better understand the material covered in the course.
Browse courses on
Inventory Planning
Show steps
Show steps
Show steps
- Read through your old notes or textbooks on inventory planning and control.
- Take some practice quizzes or tests to assess your current understanding.
- Attend a refresher course or workshop on inventory management.
Find a Mentor in the Inventory Management Field
Show steps
Having a mentor can provide you with guidance, support, and advice as you learn about inventory management.
Show steps
Show steps
Show steps
- Reach out to people in your network who work in inventory management.
- Attend industry events and conferences to meet potential mentors.
- Ask your professors or colleagues for recommendations.
- Once you have found a mentor, meet with them regularly to discuss your progress and get feedback.
Review the Book: Inventory Management by Adam C. Hayes
Show steps
This book provides a comprehensive overview of inventory management concepts and practices.
View
Best Practice Guide on the Control of Iron and...
on Amazon
Show steps
Show steps
Show steps
- Read through the book and take notes on the key concepts.
- Complete the exercises and case studies at the end of each chapter.
- Discuss the book with other students or professionals in the field.
Six other activities
Expand to see all activities and additional details
Show all nine activities
Tableau Inventory Percentile Report - Understand inventory planning
Show steps
Practice these exercises to understand the concepts of inventory planning in SAP.
Browse courses on
Inventory Planning
Show steps
Show steps
Show steps
- Navigate to the Tableau Inventory Percentile Report
- Analyze the report data to identify patterns and trends
- Develop insights and recommendations for inventory planning
Practice Inventory Calculations
Show steps
Practice your ability to calculate inventory values through repetitive drills.
Show steps
Show steps
Show steps
- Set up a spreadsheet
- Enter sample data
- Use formulas to calculate inventory values
Use an Online Inventory Management Tutorial
Show steps
Following a guided tutorial can provide you with a structured and interactive way to learn about inventory management concepts.
Browse courses on
Inventory Management
Show steps
Show steps
Show steps
- Find an online tutorial that covers the topics you want to learn about.
- Follow the steps in the tutorial and complete the exercises.
- Review the material you have learned and test your understanding.
Practice Inventory Management Scenarios Using SAP
Show steps
Practicing these scenarios will help you develop the skills needed to manage inventory effectively.
Browse courses on
Inventory Management
Show steps
Show steps
Show steps
- Create a sample inventory database in SAP.
- Simulate different inventory scenarios, such as stockouts, overstocks, and demand fluctuations.
- Use the SAP tools to track inventory levels, manage orders, and generate reports.
- Review your results and identify areas for improvement.
Compile a Glossary of Inventory Management Terms
Show steps
Creating a glossary will help you build your understanding and reinforce the key concepts covered in the course.
Show steps
Show steps
Show steps
- Create a list of all the inventory management terms you encounter in the course.
- Define each term in your own words.
- Add examples and illustrations to help you remember the terms.
- Review your glossary regularly to reinforce your understanding.
Start an Inventory Management Project
Show steps
Completing a project can provide you with practical experience and help you apply the concepts you have learned in the course.
Browse courses on
Inventory Management
Show steps
Show steps
Show steps
- Define the scope of your project, including the goals, objectives, and deliverables.
- Create a project plan and timeline.
- Gather the necessary resources, including data, tools, and equipment.
- Implement your project plan and track your progress.
- Evaluate the results of your project and identify areas for improvement.
Career center
Learners who complete Effectively Optimizing Inventory with SAP will develop knowledge and skills
that may be useful to these careers:
Inventory Analyst
Inventory Analyst
Inventory Analysts are responsible for analyzing inventory data to identify trends and patterns. They use this information to develop recommendations for improving inventory management practices. This course is ideal for Inventory Analysts, as it provides a thorough understanding of inventory management concepts and techniques. The course covers topics such as inventory planning, control, and metrics, which are essential for Inventory Analysts to understand in order to perform their jobs effectively.
Inventory Control Analyst
Inventory Control Analyst
Inventory Control Analysts are responsible for analyzing inventory data to identify trends and patterns. They use this information to develop recommendations for improving inventory management practices. This course is ideal for Inventory Control Analysts, as it provides a thorough understanding of inventory management concepts and techniques. The course covers topics such as inventory planning, control, and metrics, which are essential for Inventory Control Analysts to understand in order to perform their jobs effectively.
Supply Chain Manager
Supply Chain Manager
Supply Chain Managers oversee the flow of goods and services from suppliers to customers. They are responsible for planning, implementing, and controlling supply chain operations to ensure that products are delivered to customers in a timely and cost-effective manner. This course is highly relevant to Supply Chain Managers, as it provides a comprehensive overview of inventory management concepts and techniques. The course covers topics such as inventory planning, control, and metrics, which are essential for Supply Chain Managers to understand in order to optimize their supply chains.
Financial Analyst
Financial Analyst
Financial Analysts are responsible for analyzing financial data to make recommendations about investments and other financial decisions. This course may be useful to Financial Analysts who want to improve their understanding of inventory management and how it can impact financial performance. The course covers topics such as inventory planning, control, and metrics, which are all essential for Financial Analysts to understand in order to make informed decisions about investments and other financial decisions.
Logistics Manager
Logistics Manager
Logistics Managers are responsible for planning and coordinating the movement of goods and services. They work with carriers, warehouses, and other logistics providers to ensure that goods are delivered to customers in a timely and cost-effective manner. This course may be useful to Logistics Managers who want to improve their understanding of inventory management and how it can impact logistics operations. The course covers topics such as inventory planning, control, and metrics, which are all essential for Logistics Managers to understand in order to make informed decisions about logistics operations.
Transportation Manager
Transportation Manager
Transportation Managers are responsible for planning and coordinating the transportation of goods and services. They work with carriers, shippers, and other transportation providers to ensure that goods are delivered to customers in a timely and cost-effective manner. This course may be useful to Transportation Managers who want to improve their understanding of inventory management and how it can impact transportation operations. The course covers topics such as inventory planning, control, and metrics, which are all essential for Transportation Managers to understand in order to make informed decisions about transportation operations.
Warehouse Manager
Warehouse Manager
Warehouse Managers are responsible for the day-to-day operations of warehouses. They oversee the receipt, storage, and shipment of goods, and they ensure that the warehouse is operating efficiently. This course may be useful to Warehouse Managers who want to improve their understanding of inventory management and how it can impact warehouse operations. The course covers topics such as inventory planning, control, and metrics, which are all essential for Warehouse Managers to understand in order to make informed decisions about warehouse operations.
Management Consultant
Management Consultant
Management Consultants are responsible for advising businesses on how to improve their operations. This course may be useful to Management Consultants who want to improve their understanding of inventory management and how it can impact business performance. The course covers topics such as inventory planning, control, and metrics, which are all essential for Management Consultants to understand in order to make informed recommendations to their clients.
Purchasing Manager
Purchasing Manager
Purchasing Managers are responsible for managing the procurement of goods and services. They work with suppliers to negotiate prices and delivery terms, and they ensure that the organization has the materials it needs to operate. This course may be useful to Purchasing Managers who want to improve their understanding of inventory management and how it can impact purchasing decisions. The course covers topics such as inventory planning, control, and metrics, which are all essential for Purchasing Managers to understand in order to make informed decisions about purchasing.
Demand Planner
Demand Planner
Demand Planners are responsible for forecasting demand for goods and services. They use historical data, market research, and other information to develop forecasts that are used to make decisions about inventory levels, production levels, and pricing. This course may be useful to Demand Planners who want to improve their understanding of inventory management and how it can impact demand planning. The course covers topics such as inventory planning, control, and metrics, which are all essential for Demand Planners to understand in order to make informed decisions about demand planning.
Production Planner
Production Planner
Production Planners are responsible for planning and scheduling the production of goods and services. They work with other departments, such as sales and marketing, to ensure that production meets customer demand. This course may be useful to Production Planners who want to improve their understanding of inventory management and how it can impact production planning. The course covers topics such as inventory planning, control, and metrics, which are all essential for Production Planners to understand in order to make informed decisions about production levels.
Materials Manager
Materials Manager
Materials Managers are responsible for managing the procurement, storage, and distribution of materials. They work with suppliers, warehouses, and other logistics providers to ensure that the organization has the materials it needs to operate. This course may be useful to Materials Managers who want to improve their understanding of inventory management and how it can impact materials management operations. The course covers topics such as inventory planning, control, and metrics, which are all essential for Materials Managers to understand in order to make informed decisions about materials management operations.
Operations Manager
Operations Manager
Operations Managers are responsible for overseeing the day-to-day operations of a business. This course may be useful to Operations Managers who want to improve their understanding of inventory management and how it can impact business performance. The course covers topics such as inventory planning, control, and metrics, which are all essential for Operations Managers to understand in order to make informed decisions about business operations.
Sales Manager
Sales Manager
Sales Managers lead teams of sales representatives and oversee all aspects of sales operations. They develop sales strategies, set goals, and implement performance improvement plans. This course may be useful to Sales Managers who want to improve their understanding of inventory management and how it can impact sales performance. The course covers topics such as inventory planning, control, and metrics, which are all essential for Sales Managers to understand in order to make informed decisions about product availability and pricing.
Business Analyst
Business Analyst
Business Analysts are responsible for analyzing business processes to identify opportunities for improvement. This course may be useful to Business Analysts who want to improve their understanding of inventory management and how it can impact business performance. The course covers topics such as inventory planning, control, and metrics, which are all essential for Business Analysts to understand in order to make informed recommendations about business processes.
For more career information including salaries, visit:
OpenCourser.com/course/asgxyy/effectively
Reading list
We've selected 11 books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Effectively Optimizing Inventory with SAP.
A comprehensive handbook on inventory management, this book provides a detailed overview of all aspects of the subject. Gives the user a comprehensive reference guide to inventory management.
A classic work on inventory optimization, this book provides a comprehensive treatment of the subject. Gives the user a deep understanding of the underlying theory and practice of inventory management.
Provides a comprehensive overview of inventory management from a systems perspective. Gives the user a good understanding of how to integrate inventory management with other aspects of the supply chain.
Offers a comprehensive guide to inventory management best practices. It covers topics such as inventory forecasting, inventory control, and inventory optimization, providing practical guidance for reducing inventory costs and improving supply chain efficiency.
Provides a detailed overview of lean inventory techniques and how to apply them to your supply chain. Gives the user a good understanding of how to reduce inventory costs and improve customer service.
Save
Provides a comprehensive overview of inventory management from a practical perspective. Gives the user a good understanding of how to apply inventory management principles to real-world situations.
Presents a systems-based approach to inventory planning and control. It covers topics such as inventory modeling, safety stock analysis, and inventory performance measurement, providing a structured framework for understanding inventory management.
A user-friendly guide to inventory management, this book provides a practical overview of the subject. Gives the user a good introduction to the basics of inventory management.
Provides a strategic perspective on supply chain management, covering topics such as inventory planning, forecasting, and risk management. It helps readers understand the broader context of inventory management within the supply chain.
Offers a concise overview of inventory management essentials. It covers basic concepts, inventory planning, inventory control, and inventory performance measurement, providing a foundation for understanding the field.
Provides a simple and straightforward introduction to inventory management concepts. It covers basic principles, inventory control techniques, and inventory performance measurement, making it accessible for beginners.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/asgxyy/effectively
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Time
369 hours
Level
Advanced
Via
Pluralsight
Instructor
Michael Management
Language
English
Good to know
Suitable for those responsible for inventory planning and control or with responsibilities for ensuring the timely flow of materials and products
Useful even if you are involved in the supply of goods and need to understand inventory optimization
Provides detailed knowledge of inventory concepts, metrics, and reports
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