Inventory Management

Standard course duration: 16 hours

This course addresses the major principles of materials management and the functions associated with inventory planning and control. Major topics include: Aggregate Inventory Analysis; ABC Inventory Analysis; Measuring Inventory Performance; Inventory Reporting, Classification and Valuation; Inventory and Production Scheduling; Physical Control of Inventory; Materials Resource Planning; Inventory Cost Consideration; and Visual Management Concepts. It also presents JIT (Just-In-Time) concepts and their application in materials management.

Upon completion of this course participants will have developed an understanding of important techniques of materials management and will have gained experience in applying these techniques in company-specific situations.