Inventory Management Concepts Examples and Solved Problems

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Link to problems solved in the video: https://goo.gl/QUK511 • Covers following topics, • 00:00 Overview • 00:37 Inventory • 01:14 Types of inventories • 02:15 Functions of inventory • 04:38 Objective of inventory control • 06:23 Effective inventory management • 08:07 Inventory counting system • 11:46 Key inventory terms • 12:56 ABC classification system • 15:02 Cycle counting • 16:46 Economic Order Quantity (EOQ) models • 17:17 Assumptions of EOQ model • 18:05 Inventory cycle • 19:34 Total cost calculation • 20:52 Cost minimization goal • 22:13 Deriving the EOQ • 23:10 Economic Production Quantity (EPQ) • 23:42 Economic Run Size • 26:30 Quantity discounts • 27:18 Total costs with PD • 27:56 Total costs with quantity discounts • 28:16 Problems and worked out solution • 32:27 When to reorder with EOQ ordering? • 33:10 Safety stock • 33:45 Reorder point • 34:39 Fixed order interval model • 36:19 Single period model • 37:47 Worked out problem • 38:54 Discrete stocking levels

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