BUS 056 - Inventory Management

Institution:

Illinois Central College

Subject:

Description:

Prerequisite: None This course is designed for people already in a small business or for those committed to starting one. The purpose of controlling inventory is to provide maximum service to customers at the lowest cost to the business. Entrepreneurs should aim for rapid turnover of inventory to avoid tying up too much capital and space and to avoid making too many markdowns. With proper planning, business owners can concentrate on the fastest moving and most profitable product lines, prevent cutbacks and layoffs, obtain quantity discounts, ensure timely delivery of orders, and maximize costs, interest charges and theft losses. Usually taught in five three-hour sessions or equivalent. (formerly BUS 023)

Credits:

1.00 - 3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.icc.edu

Phone Number:

(309) 694-5422

Regional Accreditation:

North Central Association of Colleges and Schools

Calendar System:

Semester

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