Inventory Management Fundamentals
A structured professional course in inventory management fundamentals, combining warehouse concepts, operational controls, work records, workplace cases and self-assessment.
A structured professional course in inventory management fundamentals, combining warehouse concepts, operational controls, work records, workplace cases and self-assessment.
Learning outcomes
- ✓ Explain inventory management fundamentals in operational terms
- ✓ Identify the responsible role, record and control point
- ✓ Recognise common errors and choose the correct escalation
- ✓ Use evidence and a measurable result to close the activity
Prerequisites
WAI-101
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Course lessons
What inventory is and why it is held
This lesson explains what inventory is and why it is held within inventory management fundamentals. It connects the physical warehouse activity to the system transaction, responsible role, supporting record and control point.
Item identity and units of measure
This lesson explains item identity and units of measure within inventory management fundamentals. It connects the physical warehouse activity to the system transaction, responsible role, supporting record and control point.
Inventory status, ownership and availability
This lesson explains inventory status, ownership and availability within inventory management fundamentals. It connects the physical warehouse activity to the system transaction, responsible role, supporting record and control point.
Inventory cost and the risks of excess and shortage
This lesson explains inventory cost and the risks of excess and shortage within inventory management fundamentals. It connects the physical warehouse activity to the system transaction, responsible role, supporting record and control point.