Unit 9 Operation Research 08 | UGTRB | PGTRB | TNPSC(CTS) | TNSET | CSIR-NET | BSC(MATHS)

Unit 9 Operation Research 08 | UGTRB | PGTRB | TNPSC(CTS) | TNSET | CSIR-NET | BSC(MATHS) ‪@inficoaching‬

#operationsresearch #operationresearch #competitiveexams #tnset #tnpsc #education #pgtrb

*Title:* Understanding Inventory Models: A Comprehensive Guide

*Description:*
Welcome to INFI COACHING CENTER! In this video, we dive deep into the fascinating world of **Inventory Models**—a critical concept in operations management, supply chain optimization, and business strategy. Whether you’re a student, a professional, or just curious about how businesses manage stock and resources effectively, this video is designed for you.

📌 *What You'll Learn in This Video:*
1️⃣ *What Are Inventory Models?*
Gain a solid understanding of inventory models and their importance in decision-making. We'll cover how businesses use these models to balance cost, demand, and supply.

2️⃣ *Types of Inventory Models*
*Economic Order Quantity (EOQ):* Learn the basics of EOQ, how it's calculated, and why it's crucial for minimizing inventory costs.
*Reorder Point Model:* Understand how businesses determine when to replenish stock to avoid shortages.
*ABC Analysis:* Discover how inventory is categorized based on its value and impact on the overall business.
*Just-In-Time (JIT):* Explore how this model minimizes waste and keeps inventory levels lean.
*Periodic Review System:* Learn how businesses review inventory at set intervals to make replenishment decisions.
*Continuous Review System:* Delve into how stock levels are monitored constantly for immediate action.

3️⃣ *Key Concepts in Inventory Management*
Lead time and its role in inventory planning.
Safety stock and how it prevents disruptions.
Trade-offs between holding costs, ordering costs, and stockout costs.

4️⃣ *Real-Life Applications*
Discover how inventory models are applied in industries like retail, manufacturing, e-commerce, and healthcare. Real-world examples illustrate how these concepts help businesses save money and improve efficiency.

🔍 *Why This Video Is Important*
Efficient inventory management is essential for any business aiming to thrive in today’s competitive landscape. By mastering these concepts, you’ll gain insights into strategies that reduce costs, improve customer satisfaction, and optimize resources.

💡 *Who Is This Video For?*
*Students and Educators:* Learn the foundational theories and practical applications of inventory management.
*Supply Chain Professionals:* Enhance your expertise and stay ahead in your field.
*Business Owners and Entrepreneurs:* Discover how to manage your inventory effectively and make data-driven decisions.
*Curious Minds:* Anyone interested in understanding how businesses manage the flow of goods and materials.

📚 *Additional Resources*
Want to dive deeper into inventory models? Check out these resources:
*Books:*
"Production and Operations Analysis" by Steven Nahmias
"Inventory Management Explained" by David J. Piasecki
*Online Tools and Calculators:* Explore EOQ calculators and inventory planning tools online.
*Research Papers:* Dive into academic journals for a more detailed understanding.

🔗 *Related Videos on Our Channel*
If you enjoyed this video, check out our other videos on operations management and supply chain strategies:
Unit 9 operation research 01
Unit 9 operation research 02
Unit 9 operation research 03
-Unit 9 operation research 04
-Unit 9 operation research 05
-Unit 9 operation research 06
-Unit 9 operation research 07

📱 *Connect With Us*
Stay updated and never miss our latest content!
*Subscribe to Our Channel:* ‪@inficoaching‬
*Webpage:* https://infisivakasi.blogspot.com/

*Follow Us on Social Media:*
-**Mail: [email protected]
-**Facebook:   / coaching.infi  
-**Instagram:   / inficoachingcenter  
-**Telegram**: https://t.me/inficoaching
*Join Our Community:* [Insert Link to Forum, Group, or Newsletter]

🎥 *About INFI COACHING CENTER*
At INFI COACHING CENTER, our mission is to simplify complex topics in business, management, and strategy. We create educational content to empower individuals and organizations with the tools they need to succeed.

✨ *Call to Action*
If you found this video helpful, please:
✅ Like the video
✅ Subscribe to our channel for more content
✅ Share this video with friends and colleagues
✅ Comment below with your thoughts or questions—we’d love to hear from you!