APICS Principles of Inventory Management (PIM)

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Introduction

Participants are introduced to essential vocabulary and skills in identifying and applying the basic principles of inventory management.

The questions of what to stock are addressed through an examination of current and evolving technologies of inventory management.

Objectives

To impart a fundamental knowledge and understanding of inventory management principles and techniques

To provide participants with a greater understanding of their roles and responsibilities in the control of inventory and the impact that inventory can have on a business

  • Operations Management Foundations
  • Fundamentals of Inventory Management
  • Purpose and Function of Inventory
  • Inventory Replenishment Management
  • Additional Inventory Replenishment Techniques and Inventory Performance
  • Lean Inventory – Theory and Practice
  • Fundamentals of Purchasing
  • Sourcing Strategies
  • Purchase Order Management and Performance Measurement

There are mid-term and final exam as a part of this course, but requires additional time for taking in the training. Alternatively it can be given as self-assessment to participants.

  • Business Process Designers and Implementers
  • Consultant in Supply Chain Management
  • Consultants in Logistics Management
  • Consultants in Operations Management
  • Customer Service Managers
  • Demand Managers
  • Distribution Managers
  • ERP Developers
  • ERP Functional Consultants
  • Logistics Managers
  • Maintenance Managers
  • Master Planners and Schedulers
  • Material Managers
  • Material Planners
  • Purchasing Managers
  • Quality Managers
  • Supply Chain Managers
  • Warehouse Managers
  • Approx. 36 hours (4 to 6 days) with case study and examination
  • Approx. 18 hours (3 days) without case study and examination
  • A certification of participation is awarded by APICS after successful completion of this course.
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