PAB-A  

Pamela A Brewer & Associates

1017 Inventory and Scheduling Techniques

Price $14.95

This course is designed to help you, as owner and manager of a small business enterprise, develop greater skills in the inventory management part of your work.

This course should help you to:

1. Gain a better understanding of inventory management tools and concepts to help you have the correct amount of material in stock at all times. Such tools and concepts include:

-- Reserve stock and reorder point - how much reserve stock you should have and when to reorder.

-- Economic order quantity (EOQ) - the amount of raw material to purchase or to put into production which will maximize profits.

-- ABC classification - an inventory control method giving maximum attention to items which use the bulk of resources, i.e., money, space and effort.

-- Taking a physical inventory - a method of documenting the amount of inventory being carried and assigning a value to the stock.

2. Gain a better understanding of scheduling tools and concepts to help you use your time, employees, and materials in the most efficient way.

3. Apply these inventory tools and scheduling techniques to your business.