Level 5 Purchasing - Inventory - Institute of Supply Chain Management
Tel: +971562670153
Download IoSCM-MENA brochure

Level 5 Purchasing – Inventory

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; increasing operational efficiency; increasing customer service satisfaction

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.

Learn More

Do you want more information?    Download Our Course Brochure