Wilson Model Course
Gain expertise in the Wilson Model, also known as EOQ, to minimise inventory costs, avoid shortages, and improve service reliability. The course provides a detailed walkthrough of calculating EOQ, safety stock, reorder points, and practical modifications suited for logistics and electronics supply chains, ensuring participants can apply these concepts effectively in real-world scenarios.

from 4 to 360h flexible workload
valid certificate in your country
What will I learn?
This course offers a straightforward guide to mastering the Wilson Model for EOQ and effective inventory management. Participants will learn to categorise products, determine ideal order amounts, establish reorder levels, and calculate safety stock with practical examples and basic methods. It covers handling discounts, limitations, and varying demand, culminating in clear reports that reduce expenses, maintain service quality, and inform procurement decisions.
Elevify advantages
Develop skills
- Master EOQ calculations to determine optimal order quantities quickly for logistics applications.
- Optimise 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.
- Analyse real logistics data to estimate demand, costs, and lead times accurately.
- Perform scenario analysis with EOQ models to support inventory policy decisions with 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 say
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