This is the eBook version of the study guide for the core module Inventory, Logistics and Expediting (L2M5) which forms part of the CIPS Level 2 Certificate in Procurement and Supply Operations qualification.
Inventories can account for a significant cost for many organisations. This module has been designed to enable learners to appreciate the concept of inventory and to explain contemporary methods for reviewing and planning effective inventory control. The module also focuses on the logistics challenge and on effective logistics control measures. Finally, learners will be able to explain how effective expediting can be achieved in procurement and supply through effective planning and processing.