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PSM 312 Inventory Management

HND1 levelManagement & Administration21 topics

PSM 312 covers 21 topics. StudyPath paces them into daily study sessions that finish before your exam date, with practice questions and worked answers for each one.

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Course outline

The topics this course covers, in teaching order.

  1. Concept of inventory and stores management
  2. Duties and responsibilities of inventory management
  3. Types of inventory and stocks
  4. Relationship of stores with other departments
  5. Stores management
  6. Storage facilities
  7. Storehouse versus warehouse
  8. Role of stores in logistics management
  9. Scope of store and warehouse management
  10. Inventory control
  11. Stock control objectives
  12. Reasons for holding stock
  13. Inventory control techniques
  14. Stock valuation and stores accounting
  15. Store design and layout
  16. Operational research in stores
  17. Work study techniques
  18. Stores manual preparation
  19. Store safety procedures
  20. Maintenance practices
  21. Asset replacement

A sample from this course

One topic, as StudyPath teaches it.

Concept of inventory and stores management

The concept of inventory and stores management focuses on the systematic control of goods from acquisition to consumption. Mastering this topic is essential for the NUC CCMAS, NBTE, and NCCE exams because it underpins cost control, service level optimisation and efficient resource utilisation in organisations.

What you get for PSM 312