British Columbia Institute of


OPMT 1192 - Inventory Planning and Control

Operations Management Part-time Studies Course

School of Business

Course Details

This course presents and examines inventory concepts as applied in manufacturing and distribution environments and the inter-relationships between them. It covers objectives, planning levels, demand types, forecasting, order point systems, MRP, different costing types, ABC analysis, order quantities, purchasing, capacity, DRP and warehouse control. Students will be encouraged to apply these concepts at their workplace.



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Learning Outcomes

Upon successful completion of the course, the student will be able to:

  • Have a basic understanding of the conflicts between marketing, finance, and production when controlling supply, manufacturing planning, and physical distribution.
  • Know the basis of planning systems, achieving forecasts, and keeping desired inventory levels.
  • Apply a master production schedule (MPS) to form the link between production planning and manufacturing.
  • Establish a materials requirements plan (MRP) using lead time and capacities.
  • Recognize the importance of capacity management.
  • Use the master production schedule and the materials requirements plan to release orders through production activity control.
  • Know how and when to purchase at the right time and the right place.
  • Understand the fundamentals of forecasting techniques.
  • Recognize the importance of inventory management.
  • Analyze the requirements for effective warehouse management.

Effective as of Fall 2005

Related Programs

OPMT 1192 is offered as a part of the following programs:

School of Business

  1. Operations Management (Industrial Engineering Option)
    Part-time   Certificate
  2. Operations Management (Materials Management Option)
    Part-time   Certificate
  3. Operations Management (Quality Management Option)
    Part-time   Certificate

School of Health Sciences

  1. Food Safety
    Part-time   Associate Certificate


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