Operations Management Graduate MBA Course Lectures - Lecture 13 Inventory Management

Operations Management Chapter 13: Inventory Management This lecture explores: Types of Inventory Objectives of Inventory Control Inventory Counting Systems Inventory Counting Technologies The Inventory Cycle Safety Stock Nature and Importance of Inventories Requirements for Effective Inventory Management Radio Frequency Identification (RFID) Inventory Ordering Policies How Much to Order: Economic Order Quantity Models Reorder Point Ordering How Much to Order: Fixed-Order-Interval Model The Single-Period Model Operations Strategy This lecture is ideal for MBA students, business majors, and professionals seeking a clear, structured introduction to how operations support organizational strategy and leadership. 📚 Whether you’re preparing for an exam, teaching a course, or strengthening your leadership toolkit, this session provides a practical and conceptual foundation for managing operations in today’s complex environment. The textbook for this course is Operations Management by William J. Stevenson: https://amzn.to/4ruYWF5 https://amzn.to/3ZNxFkR https://amzn.to/3MJ5KiZ https://amzn.to/4at9s9J As an Amazon Associate, I earn from qualifying purchases. If you found this helpful, please like, subscribe, and share with others studying business and leadership. 0:00 Introduction 0:07 Types of Inventory 1:25 Objectives of Inventory Control 2:18 Inventory Counting Systems 4:21 Inventory Counting Technologies 6:33 The Inventory Cycle 8:52 Safety Stock 9:26 Summary