
Unit Description: Inventory Management (13 Weeks)
Unit Aim
To equip learners with knowledge, skills, and attitudes necessary for effective inventory planning, control, and optimization in organizational contexts. The unit emphasizes competency-based application, inquiry-driven learning, and values such as accountability, efficiency, and sustainability.
🗓 Weekly Breakdown (13 Weeks)
|
Week |
Topic |
Key Content |
Learning Outcomes |
|
1 |
Introduction to Inventory Management |
Definition, scope, importance, link to supply chain |
Explain the role of inventory in business operations |
|
2 |
Types of Inventory |
Raw materials, WIP, finished goods, MRO |
Differentiate types of inventory with examples |
|
3 |
Inventory Costs |
Ordering, holding, shortage, stockout costs |
Analyze cost implications of inventory decisions |
|
4 |
Inventory Control Systems |
Perpetual vs. periodic, manual vs. automated |
Compare control systems and their applications |
|
5 |
Stock Valuation Methods |
FIFO, LIFO, Weighted Average |
Apply valuation methods to inventory records |
|
6 |
Economic Order Quantity (EOQ) |
EOQ formula, assumptions, limitations |
Calculate EOQ and interpret results |
|
7 |
Reorder Point & Safety Stock |
Lead time, demand variability, buffer stock |
Determine reorder points and safety stock levels |
|
8 |
ABC & VED Analysis |
Classification techniques, prioritization |
Apply ABC/VED analysis to inventory items |
|
9 |
Just-in-Time (JIT) & Lean Systems |
Principles, benefits, challenges |
Evaluate JIT and lean inventory practices |
|
10 |
Warehouse Management |
Layout, storage systems, handling equipment |
Design efficient warehouse layouts |
|
11 |
Technology in Inventory |
ERP, barcoding, RFID, AI applications |
Assess impact of technology on inventory control |
|
12 |
Inventory Auditing & Reporting |
Stocktaking, reconciliation, reporting standards |
Conduct inventory audits and prepare reports |
|
13 |
Sustainable Inventory Practices |
Green supply chains, waste reduction, ethics |
Propose sustainable inventory strategies |
📊 Assessment Structure
- CAT 1 (30 Marks)
- Short test (15 marks)
- Practical exercise: EOQ & stock valuation (15 marks)
- CAT 2 (70 Marks)
- Case study analysis (30 marks)
- Group project: Warehouse design & inventory policy (40 marks)
- Main Exam (100 Marks)
- Section A: Short answer questions (30 marks)
- Section B: Structured problems (40 marks)
- Section C: Essay/application questions (30 marks)
Expected Competencies
- Knowledge: Inventory concepts, valuation methods, control systems.
- Skills: EOQ calculations, ABC analysis, warehouse design, auditing.
- Attitudes: Efficiency, accountability, sustainability in inventory practices.

- Teacher: Admin User