RedVector RV-10003

Inventory Management for Engineers

Inventory Management for Engineers

1 hr. Online Course

Level: Fundamental

Item#: RV-10003

SME: Fikry Markos

This course has been discontinued
 
Companies must ensure they have the correct amount of stock to run their business in an efficient manner, without carrying excess stock that may be prone to spoilage, damage and extra cost.  Proper inventory management requires an effective coding system, management of stock levels, reordering techniques for multiple categories, and cost evaluation.  This one-hour interactive online course deals exclusively with Inventory Management, and discusses the types of management required for different types of stores, with a focus on how to forecast and make available all the stocks needed by the company at the right time with the least total cost.
Course Objectives
At the conclusion of this course, you will have a better understanding of:
  • Inventory Management versus Stores Management
  • How different types of stores require different types of management
  • The Logistics Approach - Moving the stock economically
  • The articles coding system
  • Types of product stocked
  • Types of product consumption
  • The objective of Inventory Control
  • When to stock or not to stock
  • The “Just in time” approach
  • Techniques of Inventory Control
  • Inventory counting
  • Release Orders on Blanket Orders
  • Surplus sales and organization
  • Reporting to management
  • The phases of computerization


State Licenses
AL - Engineer (General - ,)
AR - Engineer (General - ,)
DC - Engineer (General - CE21800018)
DE - Engineer (Business Practice (maximum of 9 hours) - ,)
GA - Engineer (General - ,)
IA - Engineer (General - ,)
ID - Engineer (General - ,)
IL - Engineer, Professional (General - ,)
IL - Engineer, Structural (General - ,)
IN - Engineer (General - Board Approved - CE21800018)
KY - Engineer (General - ,)
LA - Engineer (General - ,)
MD - Engineer (General - ,)
ME - Engineer (General - ,)
MI - Engineer (General - ,)
MN - Engineer (General - ,)
MO - Engineer (General - ,)
MS - Engineer (General - ,)
MT - Engineer (General - ,)
NC - Engineer (General - ,)
ND - Engineer (General - ,)
NH - Engineer (General - ,)
NM - Engineer (General - ,)
NV - Engineer (General - ,)
OH - Engineer (General - ,)
OK - Engineer (General - ,)
OR - Engineer (General - ,)
PR - Engineer (General - ,)
SC - Engineer (General - ,)
SD - Engineer (General - ,)
TN - Engineer (General - ,)
TX - Engineer (General - ,)
UT - Engineer (General - ,)
VA - Engineer (General - ,)
VT - Engineer (General - ,)
WI - Engineer (General - ,)
WV - Engineer (General - ,)
WY - Engineer (General - ,)
Professional Organizations
American Academy of Environmental Engineers - AAEES - Member (General - ,)
Canada - Alberta Engineer (General - ,)
Canada - British Columbia Engineer (General - ,)
Canada - Manitoba Engineer (General - ,)
Canada - New Brunswick Engineer (General - ,)
Canada - Newfoundland and Labrador Engineer (General - ,)
Canada - Northwest Territories and Nunavut Engineer (General - ,)
Canada - Nova Scotia Engineer (General - ,)
Canada - Ontario Engineer (General - ,)
Canada - Quebec Engineer (General - ,)
Canada - Saskatchewan Engineer (General - ,)
Canada - Yukon Engineer (General - ,)
Canadian Registered Safety Professionals - CRSP (General)
National Institute for Certification in Engineering Technologies - NICET (General - ,)
Ontario Association of Certified Engineering Technicians and Technologists - OACETT - Certified Member (Management/Leadership Training)