Inventory Management
Overview
Course name | Inventory Management |
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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. |
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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 |
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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. |