eLearnAfrica
Inventory Management and Economic Order Quantity
Coventry University
  • Start Date: 08 Feb, 2021
  • 2 weeks
  • Study Content: Videos


Explore the key principles of inventory management and discover savings and efficiencies through better inventory management.

Course Fee: Free
Certificate Cost: See Fees and Eligibility
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Course Description

This course is made available through the eLearnAfrica and FutureLearn partnership.

Analyse inventory management and learn about the economic order quantity


On this two-week course, you’ll learn key inventory concepts including their classification, costs, and benefits.


You’ll also learn about the ABC analysis and how this crucial technique can help in your inventory management.


Explore the Economic Order Quantity and the bullwhip effect


Understanding the concept of the Economic Order Quantity (EOQ) method will help you minimise inventory costs such as order costs and holding costs.


You’ll be introduced to the EOQ concept as well as the bullwhip effect. You’ll analyse the drivers and results of these concepts and learn how the bullwhip effect can help you reduce the impacts it can cause throughout your supply chain.


Identify the challenges of Vendor Managed Inventory and Efficient Consumer Response


You’ll also explore Vendor Managed Inventory (VMI) and the Efficient Consumer Response (ECR).


You’ll explore the challenges of using them in-depth and learn how to develop a customer-orientated approach to your supply chain.


By the end of the course, you’ll be confident in inventory management techniques and how to apply them to your supply chain to deliver the best outcomes.


This course is designed for practitioners looking to develop their understanding of international logistics and its concepts.


This course from Coventry University is part of the International Logistics ExpertTrack, exploring the importance of international logistics from a strategic perspective.


Certificate cost may vary. You will be redirected to the host page for cost and payment options.

Coventry University

This university is part of the partnership between eLearnAfrica and FutureLearn.

This institution is available on eLearnAfrica through partnership with FutureLearn.

You may be able to download course materials after enrolling in this course. If not, all of the necessary course materials provided by the course instructor will be available on the provider's course page.
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