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Each of the
three related courses in this course block provides essential
information for effectively managing inventory. The three courses
in the block are: An Overview of Inventory Management, Purchasing,
and Monitoring and Measuring. |
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The content for this
course is provided by Grant Howard, president of Grant Howard
& Associates. |
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On completion of the
course block the student will be able to: |
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Use appropriate measures to
determine inventory management effectiveness |
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Set and track inventory management
objectives. |
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Calculate the usage rate for
any item. |
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Determine appropriate safety
levels for stock items. |
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Use appropriate techniques
for restrictive and nonrestrictive purchasing. |
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Identify and deal with excess
inventory. |
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