Material Management and Cost Control
Unlock the secrets of effective material management to optimize your inventory and enhance operational efficiency.
4.20 (5 reviews)
1,029
students
2 hours
content
Oct 2024
last update
$44.99
regular price
What you will learn
Fundamentals of Material Management: Gain a foundational understanding of material management concepts, principles, and practices essentials.
Stock Level Management: Understand how to determine optimal stock levels and manage material flows to prevent stockouts and reduce excess inventory.
Economic Order Quantity (EOQ): Learn the EOQ model and its applications, including calculations using various inventory methods like FIFO, LIFO.
Material Pricing Issues: Explore various pricing methods for materials, including FIFO, LIFO, simple average, weighted average, standard price.
Material Management Techniques: Analyze real-world examples of material management and develop skills to address common challenges and issues.
Cost Control: Understand the relationship between effective material management and cost control, emphasizing the impact on overall business performance.
Practical Applications: Engage in practical exercises and case studies to reinforce theoretical knowledge and apply concepts to real-world scenarios.
Strategic Decision-Making: Develop critical thinking and analytical skills to make informed decisions regarding material sourcing, pricing.
By the end of the course, students will be equipped with the skills and knowledge to implement effective material management practices.
6242351
udemy ID
10/18/2024
course created date
10/26/2024
course indexed date
Angelcrc Seven
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