Inventory Control B: forecasting

A study of inventory control concepts and techniques.  Course B in the Inventory Control series provides an overview of the size and nature of inventory, and forecasting appropriate levels.  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. Discuss techniques for determining size and nature of inventory.
2. Compare multiple forecasting methods.