Inventory Management

Body of Knowledge
By Venkadesh Narayanan, Principal Consultant
Fhyzics Business Consultants Private Limited
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About Fhyzics

Fhyzics specialises in
Business Analysis, Supply Chain
Management and New Product
Development
Consulting and Certifications.

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Why IMBoK?

What are all the things I

should know about
inventory?

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Why IMBoK?

A framework of
reference for SCM
professionals

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Why IMBoK?

A yardstick to measure
inventory professionals

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Why IMBoK?

To demonstrate one's
proficiency to a potential
recruiter or client

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Why IMBoK?

To establish a standard among

inventory professionals

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Module-1: Introduction to Inventory and Types

1
Raw Materials, Work-In-Process,
Finished Goods, Distribution Inventory
and MRO

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Module-2: Functions of Inventory

2
Safety Stock, Cycle Stock, Anticipation
Inventory, Buffer Inventory and Hedge
Inventory

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Module-3: Nature of Demand

3 Independent Demand and

Dependent Demand

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Module-4: Strategic Planning

4
Strategic Planning Process, Corporate
Strategy, Supply Chain Strategy,
Enterprise Inventory Policy

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Module-5: Sales and Operations Planning

5 Establishing Sales and Operations

Planning – Family Level

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Module-6: Master Scheduling

6 How Master Scheduling Works? Rough-

Cut Capacity Planning

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Module-7: Material Requirements Planning

7 MRP Implementation, Logic and

Capacity Requirements Planning

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Module-8: Inventory Costs

8
Identify, understand, analyse and
control the various costs associated with
inventory

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Module-9: Inventory Procurement and Supply Contracts

9
Specification, Procurement to
Pay Process, Procurement
Cycle

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Module-10: Inventory Auditing

10
Why Auditing? Types of
Auditing, Inventory
Accuracy

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Module-11: Inventory Valuation and Movement

11
FIFO, LIFO, Average Cost
Method and Standard
Cost Method

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Module-12: Inventory Analysis Tools, Techniques, Tracking, Process
Improvement and KPIs

12
Microsoft Visio, IBM SPSS
Statistics, SAP MM,
Tableau, Barcode, RFID

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Module-13: Analysis of Financial Statements

13
Balance Sheet, Income
Statement, Cash Flow
Statement – Case Studies

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Inventory Management Body of Knowledge

IMBoK

https://blog.fhyzics.net/IISCM

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CIOP - Certification

Certified Inventory Optimisation Professional

ONLINE COURSE 2 HOURS x 13 RS. 34,450
ON SUNDAY, SESSIONS + Rs. 24,450
JUNE 07, 2020 LMS + GST

Manager–Certifications | 900-304-9000 | Certifications@Fhyzics.net

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Q&A

Tell us what you Join ISCN – INVENTORY

want? LinkedIn Group ANALYSIS
25,000+ members TECHNIQUES

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