Fundamentals of Inventory Control (FOIC)
Page Updated Saturday, July 15, 2006
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imparts a basic 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.

Introduces participants 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 environments are covered. The questions of what to stock are addressed through an examination of current and evolving technologies of inventory management.

Fundamentals of Inventory Control Stock number 01802

SESSION 1: Fundamentals of Inventory Management
SESSION 2: Inventory Functions
SESSION 3: Order Quantities
SESSION 4: Perpetual Inventory Systems
SESSION 5: Periodic Inventory Systems
SESSION 6: Forecasting
SESSION 7: Midterm and Case Study Exam (Optional)
SESSION 8: Warehousing Management and Distribution Requirements Planning
SESSION 9: Inventory Record Accuracy, Supply Chain Management, Aggregate Inventory, and Purchasing
SESSION 10: Just -In-Time (JIT) and Total Quality Management (TQM) - Trends in In Inventory Management
SESSION 11: Case Study and Final Exam Review (Optional)
SESSION 12: Final Examination (Optional)

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