Inventory Management


Course name Inventory Management
Institution Institute for Supply Management
Location Any location
Language English
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.

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


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


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.

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