Level 5 Logistics and Transport – Inventory - Institute of Supply Chain Management
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Level 5 Logistics and Transport – Inventory

10 Unit Credit Values

  • Purpose of Inventory Management: inventory; inventory management; competitive advantage
  • Fixed Period & Fixed Quantity Models: plan inventory requirements; forecasting; qualitative & quantitative techniques; fixed order or continuous review system; order quantity models; economic ordering quantity
  • Effect of Inventory Management on Supply Chain: A-B-C approach; Economic Ordering Quantity model; fixed order or continuous review system; quantity discount model; continuous inventory systems; periodic inventory systems; quantitative and qualitative forecasting
  • Modern Inventory Systems: inventory control systems; contemporary logistics strategies; performance indicators; increase operational efficiency; increase customer service satisfaction
  • Minimising Stock Level: inventory allocation; material requirements planning; distribution requirements planning; single period/multi period inventory systems

The above is the unit content for the Inventory unit found in the Level 5 qualification. To view more units, click here and select the “Units” tab.

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