{"id":8,"date":"2025-03-10T16:28:38","date_gmt":"2025-03-10T20:28:38","guid":{"rendered":"https:\/\/community.mis.temple.edu\/rwesterman\/blog\/points\/inventory-management-foundations\/"},"modified":"2025-03-10T16:28:38","modified_gmt":"2025-03-10T20:28:38","slug":"inventory-management-foundations","status":"publish","type":"points","link":"https:\/\/community.mis.temple.edu\/rwesterman\/points\/inventory-management-foundations\/","title":{"rendered":"Inventory Management Foundations"},"content":{"rendered":"<div class=\"ember-view classroom-layout-panel-layout-main__module\">\n<div class=\"classroom-workspace-overview__description\n\n                  _bodyText_1e5nen _default_1i6ulk _sizeMedium_1e5nen\n                  \"><\/p>\n<div>The success of a business can hinge on how its inventory is managed. There are costs to having too little\u2014or too much\u2014inventory on hand. In this course, instructor Steven Brown equips you with tools and strategies that can help you get inventory control right. Steven begins by going over the different types of inventories and highlighting both the traditional and hidden costs of inventory. He then dives into inventory management, discussing reasons to hold inventory, as well as how to approach production inventory, finished goods inventory, and service inventory. He also goes over control systems and shares tools and management methods that can help you effectively analyze and control your inventory.<\/div>\n<\/div>\n<\/div>\n<div class=\"ember-view classroom-layout-panel-layout-main__module\">\n<h2 class=\"classroom-workspace-overview__header _headingText_e3b563 _default_1i6ulk _sizeLarge_e3b563\">Learning objectives<\/h2>\n<ul class=\"classroom-workspace-overview__learning-objective-list _bodyText_1e5nen _default_1i6ulk _sizeMedium_1e5nen\">\n<li>Describe what takt time is and why it\u2019s used.<\/li>\n<li>Explain how using standardized parts reduces costs.<\/li>\n<li>Summarize the importance of quality at the source.<\/li>\n<li>Cite who should manage lean inventory.<\/li>\n<li>Describe how to create a lean culture in your business.<\/li>\n<\/ul>\n<\/div>\n","protected":false},"author":28830,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-8","points","type-points","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/community.mis.temple.edu\/rwesterman\/wp-json\/wp\/v2\/points\/8","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/community.mis.temple.edu\/rwesterman\/wp-json\/wp\/v2\/points"}],"about":[{"href":"https:\/\/community.mis.temple.edu\/rwesterman\/wp-json\/wp\/v2\/types\/points"}],"author":[{"embeddable":true,"href":"https:\/\/community.mis.temple.edu\/rwesterman\/wp-json\/wp\/v2\/users\/28830"}],"replies":[{"embeddable":true,"href":"https:\/\/community.mis.temple.edu\/rwesterman\/wp-json\/wp\/v2\/comments?post=8"}],"version-history":[{"count":0,"href":"https:\/\/community.mis.temple.edu\/rwesterman\/wp-json\/wp\/v2\/points\/8\/revisions"}],"wp:attachment":[{"href":"https:\/\/community.mis.temple.edu\/rwesterman\/wp-json\/wp\/v2\/media?parent=8"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}