Certified Inventory Manager

Inventory Management

• Introduction To Inventory Systems
• Functions Of Inventory
• Classification Of Inventory Systems
• Selective inventory management
• Exchange curve and aggregate inventory planning
• Deterministic Inventory Models
• Probabilistic Inventory Models
• Inventory Control Of Slow Moving Items
• Recent Developments In Inventory Management

Stores Management

• Introduction
• Stores Functions
• Stores Organization
• Stores Systems And Procedures
• Stores Accounting And Verification Systems
• Stores Address System
• Store Location And Layout
• Store Equipment
• Automated Storage/Retrieval

Standardisation, Codification And Variety Reduction

• Introduction
• Classification Of Materials
• Codification
• Standardisation and Variety Reduction

Facilities Location

• Introduction
• When Does A Location Decision Arise?
• Steps In The Facility Location Study
• Subjective, Qualitative And Semi-Quantitative Techniques
• Locational Break-Even Analysis
• Some Quantitative Models For Facility
• Some Case Examples

Facilities Layout And Materials Handling

• Introduction
• Basic Types Of Plant Layouts
• Plant Layout Factors
• Layout Design Procedure
• Flow And Activity Analysis
• Space Determination And ’Area Allocation
• Computerised Layout Planning
• Evaluation, Specification, Presentation And Implementation
• Materials Handling Systems
• Materials Handling Equipment

Purchase System And Procedure

• Introduction: Role Of Purchasing Function
• Inputs
• Restraints And Factors
• Purchasing Decisions
• Purchasing Organization
• Procedures, Forms, Records And Reports
• Evolution Of Departmental Procedures And Vendors
• Vendor Evaluation And Rating
• Computerised Purchasing System
• Purchasing In Government Organizations

Forecasting Demand

• Methods of Forecasting
• Judgmental Forecasts
• Time Series
• Causal Forecasting
• Planning Forecasts

Just-in-time

• Principles of just-in-time
• Achieving just-in-time operations
• JIT Implementation Design
• Benefits and Disadvantages
• Extending JIT
• Comparisons With Other Methods