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Course Overview

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 fulfilment and production planning.

 

 

Objectives

 

The aims of this subject are to provide students with:

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

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.

What You'll Learn

 

  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).

For more information on course fee / schedule, or to apply,
CLICK HERE

Course Contact

  • 67881212

  • Monday - Thursday: 8:30am - 6:00pm
    Friday: 8:30am - 5:30pm
     
    Closed during lunchtime, 12:00pm - 1:00pm
    and on weekends and public holidays.
  • https://www.tp.edu.sg/tsa

  • Temasek SkillsFuture Academy (TSA)
    Temasek Polytechnic
    East Wing, Block 1A, Level 3, Unit 109
    21 Tampines Ave 1
    Singapore 529757

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

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