Inventory management is primarily about specifying the size and placement of stocked goods.   Inventory management is required at different locations within a facility or within multiple locations of a supply network to protect the regular and planned course of production against the random disturbance of running out of materials or goods or overstocking of goods.

Inventory management is primarily about specifying the size and placement of stocked goods.   Inventory management is required at different locations within a facility or within multiple locations of a supply network to protect the regular and planned course of production against the random disturbance of running out of materials or goods or overstocking of goods.

This module covers:

  • Inventory and stock control equipment, software and systems
  • Stock level maintenance
  • Cyclical stock counts
  • Discrepancies are identified
  • Workplace documentation
  • Inventory reports