


Course Outline - Foundations of Inventory Management
Module 1: Operations Management
- Operations management foundations.
- Operations strategy and value-added activities.
- Ten strategic operations management decisions.
Module 2: Introduction to Inventory Management
- Inventory objectives and classes.
- Inventory levels and supply chain flows.
- Inventory as asset, liability, and financial impact.
Module 3: Purpose and Function of Inventory
- Cycle, safety, and seasonal inventory.
- Inventory ordering, carrying, and stockout costs.
- Inventory valuation and performance measurement.
Module 4: Inventory Replenishment Management
- Replenishment review periods.
- Order point, periodic review, and two-bin systems.
- Safety stock, standard deviation, and EOQ.
Module 5: Additional Inventory Replenishment Techniques and Inventory Performance
- Supplier lead time uncertainty.
- Time-phased order point planning.
- ABC classification and inventory accuracy.
Module 6: Lean Inventory — Theory and Practice
- JIT and lean inventory concepts.
- Waste reduction and pull systems.
- Kanban, 5S, kaizen, and employee involvement.
Module 7: Introduction to Purchasing and Procurement
- Purchasing vs. procurement.
- Tactical buying and strategic sourcing.
- Purchasing cycle and procurement strategy.
Module 8: Sourcing Strategies
- Strategic sourcing process.
- Make-or-buy and spend analysis.
- Supplier relationships and SRM.
Module 9: Purchase Order Management
- Purchase order flow.
- MRP purchase order actions.
- VMI, purchasing methods, and e-SRM tools.
Final Assessment
- Review key concepts from the program.
- Validate understanding through a structured quiz.
- Confirm readiness to apply the learning.
Module 11: Personal Productivity, Creativity, and Professional Relevance
- Identify high-value work as AI automates routine tasks.
- Explore creativity, empathy, judgment, and systems thinking.
- Practice digital knowledge management for modern work.
Final Assessment
- Review key concepts from the program.
- Validate understanding through a structured quiz.
- Confirm readiness to apply the learning.
Learn at your convenience
*Note: These are self-paced courses, allowing learners to study independently at their own pace.
Course Bundle Fees
$0
