“It explains in brief details the basics of Invetory Management right from the question "What is inventories?". Its reasons, its functions and types of inventories. Moreover, it talks about the differents cost like procurement cost, carrying cost, inventory costs, etc. It gives a glimpse of what formulas, models and strategies are used in management of inventories like JIT, VMI, Kanban system etc. It also highlights the policy guidelines for procurement, maintenance, position and placement with respect to quantity, time and customer service. This online lecture has helped me develop my insights on invetory and its management to a great extent of my knowledge. A good time spent on this training as well. Thank you.
— Nelson VL Hnehpuia