Level 5 Supply Chain and Operations Management - Inventory - Institute of Supply Chain Management
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Level 5 Supply Chain and Operations Management – Inventory

10 Unit Credit Values

  • Purpose of Inventory Management: Inventory, Inventory management, Competitive advantage
  • Fixed Period and 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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