LOG2040 Inventory Management 1
Intermediate · 1 credit · TMT - Trades, Manufacturing and Transportation
- Description
- Students identify the role of inventory management and control, and participate in and demonstrate basic abilities to manage and control inventory.
- Prerequisite
- LOG1010: Logistics
- Parameters
- Access to inventory management and control operations.
Outcomes The student will:
1 describe the roles of inventory management and control in logistics
1.1 explain the role of inventory management and control in the logistics process
1.2 explain the purpose of and need for inventory management and control in the following contexts:
1.2.1 security
1.2.2 control
1.2.3 reordering
2 describe and distinguish among methods to classify and categorize materials
2.1 list and describe systems available to manage and control inventory including:
2.1.1 manual
2.1.2 electronic
2.1.3 other
2.2 identify and describe commonly used classification systems such as:
2.2.1 Standard Industrial Classification Code
2.2.2 harmonized system
2.2.3 North Atlantic Treaty Organization
2.2.4 military
2.2.5 federal stock number
2.3 describe the purpose of:
2.3.1 warehouse keeper’s records
2.3.2 cycle count sheets
2.4 demonstrate basic ability to use one or more classification systems
3 identify and describe the purpose of key principles of inventory management and control
3.1 list and describe inventory control principles including:
3.1.1 ABC analysis
3.1.2 minimum/maximum systems
3.1.3 economic order quantity
3.1.4 materials requirements planning
3.1.5 consignment inventory
3.1.6 just-in-time
3.2 explain the purpose of quality control systems
3.3 describe quality control systems and procedures used in inventory management and control operations
4 use basic technology, spreadsheets and databases to input, read and interpret inventory management and control
4.1 demonstrate basic ability to:
4.1.1 access inventory information
4.1.2 input inventory information
4.1.3 interpret information from various databases
5 describe and demonstrate product movement and replenishment strategies
5.1 demonstrate basic inventory management and control procedures; e.g., picking, reordering
6 demonstrate basic competencies
6.1 demonstrate fundamental skills to:
6.1.1 communicate
6.1.2 manage information
6.1.3 use numbers
6.1.4 think and solve problems
6.2 demonstrate personal management skills to:
6.2.1 demonstrate positive attitudes and behaviours
6.2.2 be responsible
6.2.3 be adaptable
6.2.4 learn continuously
6.2.5 work safely
6.3 demonstrate teamwork skills to:
6.3.1 work with others
6.3.2 participate in projects and tasks
7 identify possible life roles related to the skills and content of this cluster
7.1 recognize and then analyze the opportunities and barriers in the immediate environment
7.2 identify potential resources to minimize barriers and maximize opportunities
Program of Studies 2009. Source document, © Alberta Education.