Inventory Control and Materials Management (OPMT 1220)
This course provides the students with the knowledge and skills to delve into effective inventory management strategies within complex supply chains. Topics include the role of safety inventory in risk mitigation, impact of supply uncertainty, multi-echelon management strategies, various inventory control methods, lean practices for efficiency, and accurate inventory auditing techniques.
Course code: OPMT 1220
Credits: 3.0
Tuition: $0
Length: 45.0 hours
Course outline:
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https://www.vcc.ca/vccphp/courseoutline?subject=OPMT&number=1220
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Additional Information
- Inventory Management in Supply Chains
The role of safety inventory in a supply chain
The impact of supply uncertainty on safety inventory
The impact of aggregation on safety inventory
Managing safety inventory in a multi-echelon supply chain
Inventory control methods (e.g., FIFO, LIFO)
Lean Inventory Practices
Inventory Auditing and Accuracy
Materials Requirement Planning (MRP)
Inventory Control Models
Supplier Relationship Management
KPIs for inventory control
Inventory management technology (Inventory management software, IoT in inventory management, etc.)
This course is offered as part of a VCC program only.
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* The amount shown is the approximate cost of tuition (for courses with tuition) or fees (for courses that do not have tuition).
Tuition and Fees are approximate and subject to change. Students are required to pay any applicable fee increases. Fees listed are for domestic students. For international programs, visit VCC International.
† This information is intended as a guideline only. Program and course details are subject to change with the approval of VCC's Board of Governors.