Wilson Model Course
Gain expertise in the Wilson Model, also known as EOQ, to optimize inventory management in logistics and electronics distribution. The course covers calculating economic order quantities, safety stock, and reorder points step by step. It includes practical adjustments for real-world scenarios like discounts, constraints, and demand variability, helping you minimize costs, avoid stockouts, and improve service levels through data-driven decisions and stakeholder-ready reports.
4 to 360h flexible workload
certificate valid in your country
What will I learn?
This course provides a practical guide to mastering the Wilson Model for EOQ and effective inventory management. Participants will learn to classify inventory items, compute optimal order quantities, establish reorder points, and determine safety stock levels using real-world data and straightforward methods. The program covers handling discounts, constraints, and demand fluctuations, culminating in the creation of clear reports that reduce costs, maintain service levels, and inform purchasing decisions.
Elevify advantages
Develop skills
- Master EOQ calculations to determine optimal order quantities quickly for logistics scenarios.
- Optimize costs by balancing ordering, holding, and shortage expenses using the Wilson Model.
- Design reorder systems with EOQ, ROP, and safety stock to achieve desired service levels.
- Estimate key inputs like demand, costs, and lead times from actual logistics datasets.
- Perform scenario analysis with EOQ models to validate inventory strategies for stakeholders.
Suggested summary
Before starting, you can change the chapters and the workload. Choose which chapter to start with. Add or remove chapters. Increase or decrease the course workload.What our students are saying
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