SCMT 380 - Inventory Control

3 Credits
Students will explore methodologies for the forecasting of raw materials and goods. Focus of the course will be on purchasing cycles, warehousing requirements, and commodities planning to maximize access to materials/goods while minimizing inventory cost.

Prerequisite(s): MGMT 357
Course Learning Outcomes:
1. Justify the demand forecasting model for a given procurement scenario.
2. Assess the tactics for holding inventory in an organization.
3. Evaluate models for known demand and uncertain demand.
4. Explain the purpose of using simulation to analyze inventory systems.