Specialized Math: 03. Inventory Basics

Learn how to manage inventory successfully with our Specialized Math: 03. Inventory Basics elearning course. We’ll begin by defining the term inventory management and explain why it’s an important function for your business. From there, we’ll discuss why ordering the right inventory for the right location at the right time for the right cost is so important. We’ll also provide tools and strategies you can use to manage your inventory successfully, including how to accurately calculate your economic order quantity, safety stock and reorder point.

This course features a video presentation, downloadable supplementary resources and a short quiz to assess your knowledge.