Inventory Management

The subject will impart an operational knowledge and understanding of inventory management principles and techniques, roles and responsibilities, and the impact that inventory can have on a business. This subject covers topics such as inventory management fundamentals, ordering fulfillment and production planning. 

Objectives

The aims of this subject are to provide students with:

  1. Methods to evaluate the value of stocks in an organisation.
  2. Tools to determine optimum order quantities under differing demand and lead time condition.
  3. Methods for forecasting demand in inventory management.

For course details, click here.

Course Outline

  1. Describe the general features of stocks, their purpose and importance.
  2. Analyse the Economic Order Quantity (EOQ) that minimises costs.
  3. Analyse the best order size when model variables are known with certainty.
  4. Analyse the best order size when model variables are not known with certainty.
  5. Distinguish the different approaches to forecasting.
  6. Apply material requirements planning (MRP) to schedule orders and operations.

Modes of Assessment

Continual Assessment 100%

Certification

Upon successful completion of the modular unit, students will be awarded a Statement of Result which can count towards the attainment of the Diploma in Engineering (Operations & Systems Management).

Minimum Entry Requirements

Applicants applying for modular units which are drawn from existing full diploma or post-diploma programmes will have the same minimum entry requirements as the full qualifications.

To find out the minimum entry requirements specific to this modular course, please click here.

Apply Now

Application Procedures

Submit on-line application via: https://bluesky.tp.edu.sg/PTOAS.aspx

Steps to follow in your application:

Step 1 - Enter NRIC/ Passport No

Step 2 - Select UEF – Modular - Engineering (Operations & Systems Management) and course commencement date.

Step 3 - Enter personal, qualification, employment and sponsoring details (if applicable).

Step 4 - Select, rank your preference for the selected subject(s) and indicate the number of subject(s) you wish to take. Please note that the subject start date(s) denotes the semester start date.

Step 5: Make declaration and submit online application

Enquiries

Temasek SkillsFuture Academy
Temasek Polytechnic
East Wing Block 1A, Level 3, Unit 81
21 Tampines Ave 1
Singapore 529757

Opening Hours
8.30 am to 7.00 pm (Mon to Fri)
Closed on Sat, Sun & Public Holidays

Contact Details
6788 1212
tsa@tp.edu.sg
  http://www.tp.edu.sg/tsa

Temasek Polytechnic reserves the right to alter the course, modify the scale of fee, amend any other information or cancel course with low enrolment.

Last updated 25 April 2017


 
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