This module provides students with the fundamental knowledge in inventory management and basic applications used in the industry. It introduces the principles, processes and methods of managing the different types of inventory in a scientific and systematic way. The main topics include Economic Order Quantity (EOQ) model, inventory review systems, inventory control practices such as Material Resource Planning (MRP) and Vendor-Managed-Inventory (VMI), and the essential applications to support these practices such as Enterprise Resource Planning (ERP) systems. The hands-on practices allows students to understand the strategic role of inventory management and appreciate the technologies associated with inventory management.