Professional DevelopmentCourse Details

This course introduces essential vocabulary and skills in identifying and applying the basic principles of inventory management. 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.

• Understand inventory management and functions
• Learn fundamentals of order quantities and forecasting
• Discuss perpetual and periodic inventory systems
• Understand warehouse management and distribution requirements planning
• Understand inventory record accuracy, supply chain management, aggregate inventory, and purchasing
• Review Just-In-Time (JIT) and Total Quality Management (TQM) trends