Inventory Replenishment and Ordering Decision

Learn to manage your inventory more efficiently!

This short course covers the basics in inventory management, replenishment planning and ordering techniques.

In addition, participants will be introduced to inventory review systems, Economic Order Quantity (EOQ) models and its various modified forms.

Learning Objectives

By the end of the course, participants will be able to:

  • state the assumptions of the Economic Order Quantity (EOQ) model

  • perform EOQ calculations to determine the EOQ, Reorder Point, Average Inventory Level and Total Inventory Costs

  • describe the various continuous and periodic inventory review systems

  • perform safety stock calculation for periodic and continuous review systems at specified customer service levels

  • select and apply periodic and continuous review systems appropriately to specified products

Who should attend?

This course is suitable for business professionals and individuals who are keen to learn inventory management techniques, systems, and models. 

Certification

Participants will be awarded the Certificate of Attendance issued by Republic Polytechnic

Course Dates

28 January 2019

Course Duration

1 day

Course Venue

Republic Polytechnic @ Woodlands

Full Course Fee (Others) Workfare Training Scheme (WTS) Singapore Citizens aged 40 & above SME-employed Singapore Citizens & SPR Singapore Citizens aged below 40 OR Singapore PR
$288.90
$19.17
$28.89
$32.67
$86.67

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Last updated on 16 Jul 2019

Need more help?

If you are still unsure about which course to pursue, please contact our Academy for Continuing Education.  

Fees quoted are inclusive of GST. Republic Polytechnic reserves the right to make changes to the course fees and application closing dates without prior notice. The commencement of each course is subject to a sufficient number of participants. All information is accurate at time of publishing.