Inventory Management Skills Programme 

What is the purpose of this course?


242815 – Apply the organisation’s code of conduct in a work environment

This Unit Standard is intended for learners in a work environment. It is designed to raise moral standards as a counter to potential or real corruption within a work environment. The focus is on ethics and the learner and does not include corporate governance.

 

242821 – Identify responsibilities of a team leader in ensuring that organisational standards are met

This unit standard explores the role of the team leader in ensuring that the team meets organisational or required standards.

 

242822 – Employ a systematic approach to achieving objectives

The person completing this Unit Standard should be able to adopt a systematic approach to achieving objectives.

 

242829 – Monitor the level of service to a range of customers

The purpose of this unit standard is to encompass the skills needed to monitor the level of service between an organisation and its customers, both internal and external.

 

377361 – Understand the role of inventory and ordering costs

This unit standard is required by people working in the manufacturing environment and tasked with inventory management. The learner will understand and apply the various concepts associated with inventory, will obtain knowledge of ordering cost and perform inventory valuations.

 

377363 – Apply inventory replenishment and distribution systems

This unit standard is required by people working in the manufacturing environment and who need to understand the concepts, review methodologies and lot sizing techniques.

 

377364 – Discuss the role of inventory in a manufacturing environment

This unit standard is required by people working in the manufacturing environment who need to understand the importance of inventory in a manufacturing environment; distribution management and required functions; the importance to relate inventory to customer service.



What will I learn?


Qualifying learners will be able to:

242815 – Apply the organisation’s code of conduct in a work environment

  • Explaining the concept of personal ethics in relation to the moral compass.

  • Describing the role of a code of conduct in a work environment, according to ethical principles.

  • Upholding the code of conduct within the work team.

 

242821 – Identify responsibilities of a team leader in ensuring that organisational standards are met

  • Explaining the role of a team leader.

  • Explaining the purpose of a team.

  • Contracting with a team to obtain commitment.

  • Monitoring the achievement of team objectives. 

 

242822 – Employ a systematic approach to achieving objectives

  • Specifying objectives.

  • Formulating a plan.

  • Co-ordinating people and other resources.

  • Implementing the plan to meet objectives.

  • Evaluating results and making corrections and improvements.  

 

242829 – Monitor the level of service to a range of customers

  • Identifying internal and external customers, where applicable.

  • Explaining standards of customer service expected by the organisation.

  • Measuring customer satisfaction on an ongoing basis.

  • Recommending corrective action.

 

377361 – Understand the role of inventory and ordering costs

  • Explain the role of inventory in manufacturing and distribution.

  • Discuss and apply various concepts of ABC analysis.

  • Discuss the elements of ordering costs.

  • Perform inventory valuation.

  • Demonstrate an understanding of financial accounts as they relate to inventory management. 

 

377363 – Apply inventory replenishment and distribution systems

  • Determine the re-order point.

  • Explain the concept Economic Order Quantity (EOQ).

  • Discuss and apply various order review methodologies.

  • Demonstrate knowledge and application of a number of lot sizing techniques.

  • Explain distribution management.

  • Describe and plan carriers’ operations.

  • Discuss factors that determine the location of a facility.

  • Explain and apply Distribution Requirements Planning (DRP).

  • Discuss and apply a number of distribution ordering models.  

 

377364 – Discuss the role of inventory in a manufacturing environment

  • Discuss the concept of an inventory.

  • Explain and perform ABC analysis of inventory.

  • Explain purchasing and manufacturing lead time.

  • Calculate relevant inventory costs.

  • Compare order quantity cost.

  • Explain the concept of safety stock.

  • Explain distribution management and required functions.

  • Relate inventory to customer service.

  • Discuss factors that determine the location of a facility.

  • Explain Distribution Requirements Planning (DRP).

  • Discuss a number of distribution ordering models using given examples.



What is the pre-requisite for this course?


It is assumed that you are competent in:

  • Communication at NQF Level 3. 

  • Mathematical literacy at NQF Level 3. 



How long will it take me?


490 Notional hours

(49 Credits. Each credit = 10 hours)



What do I get?


A certificate of competence and your results will be uploaded on the NLRD (National Learner Database)



SAQA QUAL ID:  SP 0735/13-17

NQF Level:  3 & 4 (Combination)

Credits: 49

SETA:  merSETA

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