Principles of Inventory Control

The objective of the class is to 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.

SUMMARY: 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 environment are covered.  The questions of what to stock are addressed through an examination of current and evolving technologies of inventory management. 

This covers 10 areas:

1. Principles of Inventory Management
2. Inventory Functions
3. Order Quantities
4. Perpetual Inventory Systems
5. Periodic Inventory Systems
6. Forecasting
7. Midterm Examination and Case Study
8. Warehousing Management and Distribution Requirements Planning
9. Inventory Record Accuracy, Supply Chain Management, Aggregate Inventory, and Purchasing
10. Just-In-Time (JIT) and Total Quality Management (TQM) --Trends

Course Instructor: Professor Dennis Battistella, MBA, CPIM, CPM 

Below are the dates, times, location and other registration information for this course.

7 weeks (Total 28 hours)

WHAT:                Learn the fundamental knowledge and understanding of inventory management principles and techniques.

WHEN:                Every Monday, February 12 - April 2, 2007

TIME:                    2:00 p.m. - 6:00 p.m.

WHERE:             SFMA Training Room
                       1000 W. McNab Road
                       Pompano Beach, FL 33069
                       954.941.3558

COST:            $795.00 - Members

                      $995.00 - Non-members

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