San Fernando Valley APICS
PO Box 802977
Valencia, CA 91380-2977
818 850-6575
Principles of Inventory Management
This course provides participants with an operational knowledge and understanding of inventory management principles and techniques. Among the topics presented are inventory management fundamentals, ordering procedures, replenishment policies, purchasing management, Just-in-Time and lean methodologies, and inventory performance measurement. 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.
Objectives:
The objectives of the course are to provide participants with a fundamental understanding of inventory management principles and techniques. Included will be an examination of inventory control roles and responsibilities and their impact on a business
Sessions:
Operation Management Foundations
Fundamentals of Inventory Management
Purpose and Function of Inventory
Inventory Replenishment Management
Advanced Inventory Management Techniques and Inventory Performance
Midterm Exam
Lean Inventory Concepts and Practice
Fundamentals of Purchasing
Sourcing Strategies
Purchase Order Management and Performance Measurement
