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inventory management 3

Inventory Management: Study Session 1, Introduction to Inventory Management, cscr

$69.00

Course Length: 4 Weeks

Course Hours: 8

Course Overview

Inventory Management is an important function of the overall supply chain processes of an organization. Inventory is often obtained from suppliers in the form of raw materials and other goods and materials through the procurement department. Inventory management also includes understanding costs benefits, work in process and finished products from manufacturing operations.

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Effective inventory management is a key factor in the success of any organization. Companies are increasingly looking to provide improved customer service levels at reduced costs; the amount, type, and cost of inventory within a company has direct impacts on both service levels and the profitability associated with those service levels.

It is important to understand what inventory is, the various types of inventory that exist, how inventory is managed, and employee roles in managing inventory.

Inventory is important because in many ways it is the lifeblood of the supply chain. Examples that show the impact of insufficient inventory include the following:

 

  • Lost sales to customers
  • Equipment downtime due to lack of spare parts
  • A complete lack or limited amount of components and raw materials to assemble products

Learning Objectives

Upon completing this Study Session, the learner will be able to:

  • Understand the role and importance of inventory
  • Discuss the main reasons for carrying inventory
  • Describe the main approaches to managing inventory
  • Outline how inventory items can be classified
  • Explain the key roles and responsibilities for managing inventory at distribution centers (DCs)
  • Discuss the ways inventory management functions with other processes in a company

Outline

Study Session 1: Introduction to Inventory Management

Unit 1: Inventory Basics

Unit 2: The Necessity of Inventory

Unit 3: Functional Types of Inventory

Unit 4: Managing Inventory

Unit 5: Inventory Management Jobs

Study Session 1 Summary

Study Session 1 Practice Questions

Instructor(s)

Steven L. Clerkley

Customer Supply Chain Resource

  • Experience leading Supply Chain Alignment activities supporting internal and/or external customer or customers in the Retail, Wholesale, Restaurants and Inventory servicing markets.
  • Recognized professional whose skills have been tested and proven while working with Fortune 500 companies.
  • A true practitioner of the Logistics Industry with comprehensive knowledge in all 8 cornerstones of Supply Chain.
  • Throughout his career Steven has spoken at 4 universities and a number of high schools promoting academic readiness and the benefits of Supply Chain Knowledge.

Customer Supply Chain Resource (cscr™) Background:

Steve’s supply chain career spans over twenty-five years of experience leading supply chain and logistics efforts to enable fulfillment success within company upstream & downstream boundaries in alignment with customer capabilities improving cost-to-serve models. Following a number of years with progressive leadership responsibilities in Operations, Product Supply and Vender Managed Inventory, Steve held Senior Leadership roles with Southwest Traders, Inc. and Daymon Worldwide/Club Demonstrations driving accountability solutions. He is affectionately known as a ‘Capability Builder’.

Steve has been decorated with a number of awards and achievements throughout his career, but he is most appreciative of the awards and achievements gained while working supply chain efforts through his teams:

  • Capability Builder Manager of The Year (Procter & Gamble)/[Employee’s Choice]
  • North America Value Chain IMPACT AWARD (Gillette)
  • Supply Chain Partnership Award from Edgell Communications/Ralston Purina
  • Baby Global Business Unit (First Moment of Truth) Award (Procter & Gamble)
  • Vendor of the Year Awards – Kmart, Target, Dollar General, Family Dollar and Rite Aid
  • Target Award of Excellence

Certificate Requirements

Course Length  4 Weeks
Course Effort  2-3 Hours per Week
Total Course Hours  8
Languages English
Video Transcripts  No

System Requirements

Internet Connection

  • Broadband or High-Speed – DSL, Cable, and Wireless Connections

*Dial-Up internet connections will result in a diminished online experience. Classroom pages may load slowly and viewing large audio and video files may not be possible.

Hardware Requirements

  • Processor – 2GHz Processor or Higher
  • Memory – 1 GB RAM Minimum Recommended

While our courses are accessible through multiple mobile learning platforms, some courses may include a CD or DVD with the Textbook, so you may need access to a computer with CD-ROM or DVD Drive.

 

PC Software Requirements

  • Operating Systems – Windows 7 or higher
  • Microsoft Office 2007 or higher. Also, you could use a general Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
  • Internet Browsers – Google Chrome is highly recommended
    • Cookies MUST be enabled
    • Pop-ups MUST be allowed (Pop-up Blocker disabled)
  • Kindle Reader App is needed for many of our courses (No special equipment needed. This can be downloaded for FREE onto your computer.)
  • PowerPoint Viewer (if you do not have PowerPoint)
  • Adobe PDF Reader
  • QuickTime, Windows Media Player &/or Real Player

MAC Software Requirements

  • Operating Systems – Mac OS x 10 or higher with Windows
  • Mac office programs or a Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
  • Internet Browsers- Google Chrome is highly recommended
    • Cookies MUST be enabled
    • Pop-ups MUST be allowed (Pop-up Blocker disabled)
  • Kindle Reader App is needed for many of our courses (No special equipment needed. This can be downloaded for FREE onto your computer.)
  • PowerPoint Viewer (if you do not have PowerPoint)
  • Adobe PDF Reader
  • Apple QuickTime Media Player
  • Courses that include a CD-ROM or DVD may require an external drive and Parallels software to view.

FAQs

How long does it take to complete a course?

When you register for a course(s), you will receive a start date and the time frame it takes to complete the program.  Once the course begins, each course is self-paced, so you can start and stop each learning module at your own pace. However, you must complete the course within the time frame to receive a certification.

What happens if I do not have enough time to complete the course within the time frame provided?

If you don’t finish the course in the time frame, you will not receive a certification. The time frame allotted to complete each course has been based on each learner giving a concerted effort to complete the course, plus the number of hours it takes to learn the information and obtain the certification.  Therefore, the time frame for each course has been calculated to ensure successful completion of the course. However, if for some reason a learner is unable to complete the course, you will have to re-enroll in the course and you will be required to pay the course price in effect at the time of re-enrollment.

Once enrolled in the course, and I realize that I can’t complete the course can I get a refund?

There are NO REFUNDS once you enroll in a course. However, if you are suddenly deployed while pursuing a certification course, we will work with you to ensure you complete your studies.  Learners who need to delay their course for medical reasons, may be eligible to transfer their course(s) to a future term.  A medical withdrawal will be considered only if accompanied by:

A written verification and phone verification from a medical doctor stating the student cannot complete the course due to illness or disability.  Please not the doctor’s note must be in English to be considered.

You can contact our office at: info@aperionglobalinstitute.com

Are there any additional materials and/or books I am required to buy for a course?

No, everything you need is included in the course.  Some courses will suggest additional materials/books that can help you grasp the information better, or expand your knowledge about a topic. However, you are not required to purchase the additional information.

 Are there exams I will have to take in a course?

Yes, there are exams in each course to access your knowledge of the material. You will be required to pass those exams to successful complete the course. The type of exams you will take vary. They can range from multiple choice questions, essays, short answers, and/or video/audio submissions. If you diligently study and complete the assignments for each course, you will be prepared to pass the exams in the course(s).

Can I get financial assistance?

Aperion Global Institute (AGI) courses are non-credit courses, so they do not qualify for federal assistance in the United States, and AGI does not provide financial assistance.  In some states, a vocational program, military program, or workforce development program will pay for qualified learners to take courses. You will be responsible for qualifying for financial assistance through those agencies and/or programs.  For international students, you will also have to follow the guidelines and requirements regarding financial assistance at your institution or program.

What happens when I complete a course?

Upon successful completion of a course, within three (3) days you will receive a certification by email. You are free to save and print the certification for your educational and career needs. If for some reason you do not receive the certification, or can’t save or print the certification please contact our office at: info@aperionglobalinstitute.com

Once I provide an employer with the certification, am I guaranteed a job?

AGI does not provide direct job placement services after successfully completing a course. However, the certification you receive informs a potential employer that you have acquired the skills and knowledge to obtain employment, in most cases.  We recommend that learners conduct research on the job market to make sure you have the required job skills and expertise.

What software or hardware do I need, and what are the system requirements to take courses?

To take our courses, you must have access to a computer and the internet.  You can use a Mac and/or PC., tablet, phone.  You don’t have to use the same device to log-in for the course(s).  We recommend that you have a word-processing program (Microsoft Word is the best), Abode Player, and the latest version of a free web browser such as Chrome, Firefox, Internet Explorer, Microsoft Edge, etc.

When can I start the courses?

You can start the courses on the start date only. Once the course starts, you are free to access the course anytime, anywhere, and as many times as you want with an internet connection. Please note: There are no refunds once you enroll in a course(s).

Can I receive CEU credit for courses that I successfully complete?

Please do not assume that all courses that you take and successfully complete are eligible for CEU certification. If you are seeking CEU certification for a course, we strongly recommend that you contact your institution and establish eligibility for the courses you plan to take BEFORE you enroll in a course.  Although we provide you with a certificate for successfully completing a course, it is solely your responsibility to ensure that the course you enroll in and the certificate meets CEU requirements for your profession.

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