Business Analytics · Intermediate level

Intermediate level · Module 3 of 6 · 15 guided hours

Operations and Inventory Analytics

Focus stock control with ABC analysis, set reorder points and measure service and efficiency.

Learning objectives

  • Classify stock with ABC analysis
  • Calculate reorder points and safety stock
  • Measure operational efficiency and service levels

Topics

  • ABC analysis
  • stock turnover
  • reorder point
  • safety stock
  • service level
  • process efficiency metrics

Lessons

  1. Lesson 1 ABC Analysis

    Rank stock by value so control effort goes to the items that matter most.

    ABC analysisannual consumption valuecumulative sharecontrol policy

  2. Lesson 2 Reorder Points and Safety Stock

    Decide when to reorder so stock arrives before it runs out.

    lead timedaily demandreorder pointsafety stock

  3. Lesson 3 Service and Efficiency Metrics

    Measure how well operations serve customers and use resources.

    service levelturnaround timestock turnoverbottleneck

Practical activity

Classify a pharmacy's stock with ABC analysis and set reorder points for its A items.

Expected outcomes

  • Stock control focused where it matters
  • Fewer stock-outs and less waste

Assessment

ABC classification and reorder plan, marked on accuracy and practicality.

Taught live by an instructor — online or in person. Free course lessons are for self-study and do not lead to a certificate — see registration options.