Inventory Control (SCM 204)
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SCM 204 – INVENTORY CONTROL
Module Objective
To develop practical skills for controlling inventory levels, reducing stock losses and ensuring availability of required materials.
Learning Outcomes
Learners should be able to:
1. Develop inventory control systems.
2. Calculate stock requirements.
3. Determine reorder levels.
4. Monitor stock movements.
5. Conduct stock reconciliation.
6. Identify excess inventory.
7. Identify stock-outs.
8. Analyse inventory performance.
9. Reduce inventory losses.
10. Improve stock availability.
Module Content
1. Inventory control
2. Inventory classification
3. ABC analysis
4. Stock levels
5. Minimum stock
6. Maximum stock
7. Reorder point
8. Safety stock
9. Economic Order Quantity
10. Stock turnover
11. Inventory ageing
12. Stock-outs
13. Overstocking
14. Slow-moving stock
15. Obsolete inventory
16. Physical inventory
17. Stock reconciliation
18. Inventory reporting
19. Inventory risks
20. Inventory optimisation
IPSD Contact Information
Mr. Peter Senesie, IPSD Assistant Vice President and Dean
Email: psenesie@pathsu.education
Whats App: +232 76 752525
Dr. Michael Udam, Associate Dean, IPSD
Email: mudam@pathsu.education
Whats App: +234 803 249 6398
IPSD Website: PATHS University IPSD
Admissions: admissions@pathsu.education