Inventory

10 Unit Credit Values

• Strategic Role of Inventories: Inventory supports the following organisation objectives; quality, speed, dependability, flexibility and cost
• Inventory Cost on Business Performance: Types of inventory buffer, Costs of placing orders
• Managing Order Levels: Reorder point and re-order level, economic order quantity and economic batch quantity/lot size
• Inventory Control: Continuous and periodic review models; time interval model, make to order, assemble to order, make to stock, independent and dependant demand

The above is the unit content for the Inventory unit found in the Level 6 qualification. To view more units, click here and select the “Units” tab.