SCML 159 — Inventory Management
Fundamental principles of inventory control; inventory classifications – raw materials, work-in-process, finished goods and maintenance, repair and operations inventory. Using Pareto analysis (80/20 rule) and ABC classifications; importance of inventory record accuracy; inventory turnover and other inventory measurements; principles of Enterprise Resource Planning (ERP), Material Requirements Planning (MRP) and Manufacturing Resource Planning (MRP II); inventory control systems; internal and external lead time and cumulative lead time; excess and obsolete inventory; role of inventory control in the logistics process and organization; physical inventories and cycle counting; and scheduling techniques. Writing assignments, as appropriate to the discipline, are part of the course.
Part of
- Supply Chain Management and Logistics, Associate in Applied Science Print Options Apply Now Request Information College(s): Olive-Harvey Program Code: 0737
- Supply Chain Management and Logistics, Advanced Certificate Print Options Apply Now Request Information College(s): Olive-Harvey Program Code: 0738