Fundamentals of Inventory Control- APICS

Course Description:

Participants are introduced to essential vocabulary and skills in identifying and applying the basic principles of inventory management. 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.
Fundamentals of Inventory Control is a core course in the APICS Fundamentals of Materials and Operations Management
Series.

Attendees will learn:
This course teaches basic concepts of inventory control.
The sessions include:
• Fundamentals of Inventory Management
• Inventory Functions
• Order Quantities
• Perpetual Inventory Systems
• Periodic Inventory Systems
• Forecasting
• Midterm Examination and Case Study Presentation
• Warehouse Management and Distribution
• Requirements and Planning
• Inventory Record Accuracy, Supply Chain Management, Aggregate Inventory, and Purchasing
• Just-in-Time (JIT) and Total Quality Management (TQM)-Trends in Inventory Management
• Case Study and Final Examination Review
• Final Examination

Benefits:
This course will impart a fundamental knowledge and understanding of inventory management principles and techniques, providing participants with a greater understanding of their roles and responsibilities in the control of inventory and the impact that inventory can have on a business.

Intended Audience:
Front line and management staff who desire to understand the body of knowledge in the following areas: operations management, including; production, inventory, supply chain, materials management, purchasing, and logistics.

Anyone seeking to expand their job possibilities, job training, and professional development. Dislocated Workers facing career changes, WIA, NEG, TAA, and Veteran funded students supported.

PDUs/Educational Hours
21