The Controller Function - Inventory Part 1

Overview

This course is one of the courses dedicated to our Controllership series. This series of courses is dedicated to exploring the traditional controller role and stepping out of the box to identify areas where the controller can continue to add strategic value to their organizations. Within this segment of our controllership series, we will discuss the area of inventory. This specific segment in the first part of a two-part series on inventory. We explore how the controller can move these responsibilities into more of a strategic role.

This course takes a look at some of the typical concepts and duties involved in the inventory function that is sometimes viewed as operational roles. We explore how these areas are strongly tied to the importance of the controllership role and how the controller can add value in each area.

 

Prerequisites

None

Objectives

• Explore the basics of inventory
• Identify and understand inventory terms
• Identify and understand the purpose and importance of inventory management systems
  • Advantages
  • Disadvantages
• Explore and examine the controller’s strategic role in inventory
  • Exploring management of metrics

Highlights

• Accounting
• Finance
• Operations