Master Inventory Management: In-depth Guide to Reducing Costs and Optimizing Supply Chain

In this video, Ryan Chan, CEO and Founder of UpKeep, deep dives into the complexities of Inventory Management, an essential aspect of Facilities Management.
Topics covered in the video include:
- Understanding the basics of Inventory Management
- The difference between Just-In-Time inventory method and Materials Requirements Planning system
- Explanation of Inventory Control and its significance
- The impact of Quality Control on Inventory Management
- The importance of Organizational Control in managing stock levels
- An overview of reordering and economic order quantity formulas
- The benefits of an Inventory Control System
- Different types of Inventory Management Systems: Manual, Periodic & Perpetual
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