Video and Multimedia

Click on the following links. Please note these will open in a new window.

Video

Inventory Control
https://www.youtube.com/watch?v=T3XIrUcvqbY
This video from The Home Depot describes how employees in inventory management support the business goals.

Basic EOQ Model
https://www.youtube.com/watch?v=KO84Z8JZD1U
This screencast video shows how to use Excel to set up and solve a problem with the EOQ model.

The EPQ Model
https://www.youtube.com/watch?v=MzAwPwuyWeY
This Excel screencast video shows how to use Excel to find the Economic Production Quantity (EPQ).

Periodic Review
https://www.youtube.com/watch?v=GixNLqJktrQ
This animated video walks through how to determine stock level with periodic review.

Single-Period Inventory
https://www.youtube.com/watch?v=2tKSzKm_N3s
This video uses  the example of a weekly journal publication to explain a single period inventory system.

Web

Quantity Discounts
https://hbr.org/2013/10/when-it-is-wise-to-offer-volume-discounts
This article from HBR suggests situations when volume discounts make the most sense.

The Reorder Point
http://www.danielsoper.com/fincalc/calc.aspx?id=29
This online reorder point calculator allows you to input daily sales, lead time, and safety stock to determine the reorder point.