Module 6: Inventory Management
■ Understanding inventory management, planning, and control
■ Contrasting stakeholder expectations for inventory management
■ Summarizing the different functions or purposes inventory serves in a business
■ Illustrating the major types of inventory costs
■ Differentiating approaches to safety stock and determinations of when to order
■ Performing calculations related to standard deviation, economic order quantity, and reorder points
■ Describing lean, just-in-time, ABC, vendor-managed inventory, and other alternative approaches
■ Listing common performance metrics