Programs & Courses 2007
Student Handbook Home: Edition 2

MGMT19125 Inventory Management

Course details

This course is an introduction to inventory management. There may be many inventory managers named as such but there is not a lot of sophisticated professional inventory management. Even where organisations use sophisticated computer systems for inventory management this is no guarantee that inventory management is effective, as with limited skills and knowledge the managers are forced to take a black box approach. This course is designed to increase awareness of good inventory management practices including the use of packaged computer systems, however it does not deal with mathematical models except at the basic level. This course is about getting to know more about inventories i.e. what they are, why they are held, how they behave, and of course how they are managed. The complexity of inventory management should not be underestimated. There are many different inventory situations and each inventory situation requires its own system of management. Also resolving issues in particular inventory situations can become quite difficult, because of the conflicting expectations of the providers and the users of those inventories.


Course at a glance
Career: Undergraduate
Credit points: 6
Requisites: MGMT19118 Procurement and Supply Management
Student Contribution Band: 2
EFTSL: 0.12500
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Course availability
Term Campus
2007 Term Two FLEX ROK
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