Course details

This module covers the fundamental principles of inventory management. In Singapore, the term often used is stock control. Inventory management measurements and techniques will be explained. Inventory management is concerned with minimising the total cost of inventory. Therefore, the financial importance of inventory management and its relationship to company financial statement will be reviewed. Understanding of these techniques will allow inventory management professionals and their managers to grasp the technical details of inventory management and apply it to understand the role of inventory management in supporting the supply chain process.

Why This Course

  • Designed specifically based on local industry demand
  • Highly practical and intensive
  • Latest knowledge and up-to-date technology
  • Case studies highlighting industrial application
  • Expert trainers in the field with industrial experience

What You Will Learn

  • Principles of Inventory Control and Management
  • Inventory Planning & Decision Models and Techniques
Updated on 08 November, 2015

About Singapore Institute of Manufacturing Technology

SIMTech’s Knowledge Transfer Office (KTO) has been established to provide unique technology and case study-based training for manufacturing specialists, engineers, managers, as well as other industry professionals and executives. All our training courses, conducted in close collaboration with the Singapore Workforce Development Agency (WDA), draw extensively on our in-house cutting-edge manufacturing knowledge, established through years of industrial collaborations, industry experience and research, backed by state-of-the art manufacturing facilities. In recognition of our outstanding contribution to the development and expansion of the Singapore’s Workforce Skills Qualifications (WSQ) system, the WDA has awarded SIMTech with the WSQ Distinguished Partner Accolade.

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