Inventory Management
Overview
| Course name | Inventory Management |
|---|---|
| Institution | Institute for Supply Management |
| Location | Any location |
| Website | www.ism.ws |
| Language | English |
| Contact information | Karen Collins, CPSM, C.P.M., A.P.P. Email: kcollins@ism.ws Phone: (800) 888-6276 x3123 |
Details
| Course objective | You will learn: what to control, how much to order, when to reorder, and how much inventory is enough. |
|---|---|
| Sector | Private |
| 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 |
| Accredited | No |
| Accredited by | N/A |
| Certificate name | Certificate |
| 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. |
| Attendance mode | In-person |
| Incentives | Not Specified |
| Incentives description | N/A |
| Logistics Topics Coverage % (estimate) | 100 |
| Audience | Facility Manager |
| Pre-requisites | Not Indicated |
| 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 available | No |
| Discount description | N/A |
| 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. |