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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

APICS, Inc. | Evaluated Learning Experience

Return to APICS, Inc.

Inventory Management

Location: 
Proficiency examination program administered by the national offices of APICS.
Length: 
Variable, depending upon the individual's preparation needs.
Dates: 
Version 1: September 1983 - February 1992. Version 2: March 1992 - December 1998. Version 3: January 1999 - May 2000.
Instructional delivery format: 
Proficiency exam
Learner Outcomes: 

Version 1: Organize and utilize information to manage inventories and to determine future requirements in manufacturing organizations; analyze appropriateness of decisions resulting from application of automatic program decisions in the inventory environment. Version 2 and 3: Organize and utilize the appropriate principles, concepts, and techniques to manage inventories in manufacturing organizations; determine what items to order, how much to order, when they are needed, when to order, and how and where to store them in order to optimize customer service, manufacturing, purchasing, and distribution operations, and return on investment.

Instruction: 

Version 1: Three-hour, 100-item examination, covering the principles and techniques related to the following content areas: General Management -inventory objectives and policy development, accounting and control, inventory management and other business functions; Inventory Management Systems -system development, lot-size inventory models, independent and dependent demand systems, Just-In-Time; Distribution Resource Management -objectives and planning, distribution network inventory planning and control. Version 2: Three-hour, 100-item examination, covering the principles, concepts, and techniques related to the following content areas: Objectives and Policies -objectives and performance measures of inventory management, functions of inventory, and factors affecting inventory; Inventory Systems -independent demand systems, dependent demand systems, environmental factors, subsystem relationships, and information system considerations; Techniques -aggregate methods, multi-item methods, item-level management, inventory accounting, and physical control; Distribution Inventory Planning and Control -management considerations, techniques, transportation and physical distribution, JIT distribution, and distribution network structure. Version 3: Three-hour, 100-item examination, covering the principles, concepts, and techniques related to the following content areas: Objectives and Policies -objectives and performance measures of inventory management, functions of inventory, factors affecting inventory, and categories of inventory; Inventory Systems -independent demand systems, dependent demand systems, subsystem relationships, and strategies and choices; Techniques -aggregate methods, item-level management, inventory accounting, physical control, and electronic commerce; Distribution Inventory Planning and Control -strategies/policies, techniques, storage and transportation, controls, and international distribution.

Credit recommendation: 

Version 1, 2, and 3: For this examination, paired with any other examination in the program, in the upper division baccalaureate degree category, 3 semester hours in Production/Operations Management, Manufacturing Management, or Production Planning and Inventory Control (11/88) (6/93 revalidation) (8/99 revalidation). NOTE: Two examinations must be successfully completed to benefit from the credit recommendation. NOTE: The maximum credit recommendation for the successful completion of all six examinations is 9 semester hours.

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