|Course name||Inventory Management|
|Institution||Institute for Supply Management|
|Contact information|| |
Karen Collins, CPSM, C.P.M., A.P.P.
Phone: (800) 888-6276 x3123
|Course objective|| |
You will learn: what to control, how much to order, when to reorder, and how much inventory is enough.
|General course topics||One logistics function in great detail|
|Specific course topics|| |
Inventory segmentation: Inventory classification and categorization , Cycle counting: Identification of errors, corrections of systemic conditional error, high record accuracy, and correct statement of assets, Lot sizing: Demand-rate orientation and discrete lot-sizing , Order point: Two-bin system, visual review, order point system, periodic review system, and MRP/ERP system, Inventory costs: Purchase costs, ordering costs, carrying costs, stockout and customer service costs, and production and capacity-associated costs, Statistical techniques: Statistical process controls, forecasting, and CAM, Service level/safety stock: Competitive environment, cycle time, forecast error, impact of stoppage, and disbursement, Functional inventories: Cycle stock, uncertainly stock, anticipation stock, and transit stock.
|Total time commitment||16|
|Focus commodity||Not indicated|
|Degree name||Certified Professional in Supply Management is possible upon taking a test not specifically associated with the course; may need additional courses or experience to pass the test.|
|Incentives description|| |
|Logistics Topics Coverage % (estimate)||100|
|Pre-requisites description|| |
Please contact the course host for this information.
|Course fee description|| |
Course fee information not provided – please contact the course host for this information.
|Discount description|| |
|Course included in analysis||No|
|Additional comments|| |
This is designed as an onsite course but may be restricted to the US. Request information from ISM for more details.