Certificate Number: AC-1440-13951510

This is to certify that the management of Alison awarded Fareed Khan the certificate of completion in Applied
Operations Management - Inventory Models - Revised under the category Management and Administration on
11th September 2019.

Validation: You can check authenticity of this certificate by visiting the following link:
https://alison.com/certification/check/%242y%2410%244xr5vmHnwcS3CV76ivg5u60TUAKgz1uYAYRpRVim2xCYk9O2aG

Name: Fareed Khan

Email: nuricon.fareed@gmail.com

Country: Pakistan

Certificate Details

Applied Operations Management - Inventory Models - Revised [Score: 80]

Course Details

This course will first introduce you to inventories and inventory models. You will study materials management
and how to store the material for subsequent use. The course will then discuss the two important questions to
ask when ordering materials, as well as talk about the classification of inventory models and the three
classifications of demand. You will also look into costs, the components of order cost, and the components of
backorder or cost of shortage.The course will then discuss the Economic Order Quantity (EOQ) model. Here,
you will learn how to minimize total inventory holding costs and ordering costs. You will study the EOQ model
developed by Mr. Pankaj Mane, which includes backordering costs and multiple items. The course will show
you how the EOQ model solves the "how much" and "when" aspects of ordering inventory and overviews core
assumptions about inventories.Inventory management is essential to any business that needs to prevent
stockouts, manage multiple locations, and ensure accurate recordkeeping.
Modules Studied

Introduction to Inventory Models Understanding Eoq Model Course assessment