Principles of Inventory Management

This course provides participants with an operational knowledge and understanding of inventory management principles and techniques. Among the topics presented are inventory management fundamentals, ordering techniques, replenishment policies, purchasing management, and inventory performance measurement. Basic methods of planning and controlling inventory in manufacturing, institutional, distribution, and retail environments are covered. The questions of what to stock are addressed through an examination of current and evolving technologies of inventory management.

Sessions

  • Operations Management - Foundations
  • Fundamentals of Inventory Management
  • Purpose and Function of Inventory
  • Inventory Replenishment Management
  • Additional Inventory Management Techniques and Inventory Performance
  • Mid-Term Examination
  • Lean Inventory - Concept and Practice
  • Fundamentals of Purchasing
  • Sourcing Strategies
  • PO Management and Performance Measurement
  • Final Exam