Inventory Management Basic Awareness On-Line Training - IMBAOL
Suitable For
The Course is designed for learners who are: a. New to Inventory Management, and should be completed within two months of being in post, and prior to attending the Inventory Management Practitioner - Basic Workshop; b. Existing Inventory Managers who wish to refresh their knowledge; c. Those who wish to raise their awareness of Inventory Management, irrespective of role.
Course Aim
To provide a basic awareness to Inventory Management for those new to the role.
Course Essentials
College
Category
Business Benefits
Entry Requirements
Duration Details
Course Price
Delivery Method
Course Contact Details
Related Courses
Inventory Management Practitioner - Basic (IMPB)
Inventory Management Advanced Practitioner (IMPA)
Course Objectives
By the end of the course, learners will be able to:
- Describe the Inventory Management Function;
- Identify key interfaces into Inventory Management;
- Recognise the key stakeholders in Inventory Management;
- Understand basic principles of roles and functions that interface with Inventory Management.
Course Components
The course covers the following subjects, each of which is a separate topic requiring approximately 15 to 20 minutes of study.
-Introduction to Inventory Management
-The CADMID Cycle
-Ranging and Scaling
-Codification and Initial Provisioning
-ILS in Inventory Management
-Contribution to Equipment Availability
-Supplier Management
-Inventory Management in a CLS environment
-Information Systems used in Inventory Management
-Inventory Plan
-Inventory Optimisation
-Re-Provisioning
-Inventory Management Financial Awareness
-Commercial Awareness
-Demand Management and Feedback
-Integrated Project Team (IPT) Relationships
-Warehousing, Storage and Distribution
-Disposals
Accreditation/Assessment
Assessment: The Course is assessed on-line, through end of module tests (post-tests). The tests are multiple-choice and comprise a selection of questions covering all objectives within the module. A question comprises a single correct answer and two wrong answers (distracters) and you have only one attempt to answer each question. To complete the course you have to pass both modules. Successful completion of the end of module tests is dependent on: Achieving or exceeding the pass mark for each of the 18 topics. If you do not pass an end of module test, you will be required to retake it. This is likely to involve going through one or more topics again prior to retaking the test. Summary of Learning: On completion of a test (whether or not you pass) you will be given access to a Summary of Learning, which provides a complete breakdown of your performance in the module. This will identify the topics that you need to retake and any that you are recommended to revise. You are strongly encouraged to share this Summary of Learning with your Line Manager/Mentor.
Further Information
Download Course Flyer (PDF)
In order to complete this course, please visit the Acquisition eLearning Portal.
