The free online course on the inventory control and management, as well as material requirements planning (MRP) systems. This free online fundamental of operations planning and MRP systems will teach you about the single-period model which is known as the Newsboy problem, as well as the requirements for effective inventory control and management. You will also learn about the concept of material requirements planning (MRP), as well as the various types of improvements in the MRP system and lot-sizing models. The course will also teach you about aggregate sales.
| Course Category | Business |
| Course Qualification | CPD Certificate |
| Course Duration | 4-5 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | What You Will Learn In This Free Course • Discuss the single-period model or newsboy problem • Explain the concept of discrete and continuous stocking levels • Identify the requirements for effective inventory management • Discuss the concept of material requirements planning and MRP inputs • Identify the terms used in MRP processing • Explain the concept of lot sizing and various models of lot sizing • Discuss intermediate planning and aggregate planning in perspective • Identify the supply chain and various demand options • Discuss the basic strategies for meeting uneven demands |
| Course Code | 2310 |
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