Inventory Control A: Costs

A study of inventory control concepts and techniques.  Course A in the Inventory Control series provides an overview of logistics and a focus on costs associated with inventory.  Courses A, B, and C in the Inventory Control Series includes cost concepts, determining size and nature of inventory, forecasting, and inventory planning and control.  Also includes ordering methods, controlling pilferage, and matching customer demand with supply.  NOTE: basic math skills for simple computation are used.  Students completing Inventory Control A,B, C may apply for prior learning to earn 3 credits toward certification in logistics.  Logistics Certificate requires completion of Inventory Control, Computerized Logistics, Warehouse Management, Transportation and Traffic Management, Purchasing.

1. Describe common costs associated with inventory.
2. Practice matching customer demand with supply.