Inventory Management Skills

NQF Level

3

Credits

Minimum 49

Estimated Days

25

SP 0735/13-17

Accrediting Body

MERSETA

This programme is well suited to people working in a manufacturing environment who need to understand the importance of inventory in a manufacturing environment; distribution management and required functions; as well as the importance of relating inventory to customer service.

Entry Level Requirements

Communication at NQF Level 3 Mathematical Literacy at NQF Level 3 KVR Pre-assessment

Course Outcomes

This programme will provide learners with knowledge and skills to manage inventory effectively and will be introduced to various inventory management techniques, review methodologies and lot sizing techniques to facilitate this process. Learners will be able to demonstrate an understanding of the impact of ordering costs and perform inventory valuations.
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