Inventory and Quality Management

Name: Inventory and Quality Management
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A free online course on inventory and quality management best practices that can help you reach your business goals.

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Learning Outcomes

In this free course, you will learn how to:

Outline inventory and explain the four types of inventory
State the goals of inventory management in an organization
Explain how the just-in-time (JIT) production method can help control inventory
Describe the different costs that are associated with inventory, such as holding, carrying and purchasing costs
Calculate economic order quantity (EOQ)
Describe the dangers involved in inventory management
Explain the concept of 'quality management' and why it is important
Explain the three basic principles of the total quality management philosophy of doing business
Describe how statistical process control (SPC) helps ensure quality during the production process

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