CZRM 920 - Inventory Management
Course Description
This course delivers a focused introduction to essential inventory control concepts such as stock optimization, shrinkage reduction, and simple demand forecasting. You will gain practical experience using fundamental formulas to calculate reorder points, balance stock levels, and maintain accurate replenishment cycles. By the end of this course, learners will know how to prevent basic stockouts and keep everyday inventory moving efficiently without complex technical setup.
Learner Outcomes
You will learn to:
- Calculate core inventory formulas, including safety stock, reorder points, and inventory turnover rates.
- Identify common causes of shrinkage and execute basic daily stock audit procedures.
- Use basic historical sales averages to make immediate, short-term stock replenishment decisions.
What to Expect
Develop practical, career-ready skills through a focused learning experience designed around real-world application.
You’ll work through practical activities and workplace-relevant scenarios that help you apply inventory management concepts to situations you may encounter on the job. You’ll also benefit from the expertise and guidance of an experienced instructor as you progress through the course.
Rather than simply testing what you know, the course gives you the opportunity to demonstrate what you can do through a practical, competency-based assessment built around a realistic work scenario.
Earn a Microcredential
Demonstrate your skills and earn a Curv microcredential.
A microcredential recognizes your ability to apply specific knowledge and skills to a defined standard. As part of this course, you will have the opportunity to demonstrate your competency through a practical, workplace-relevant assessment.
In this course, you will demonstrate your ability to manage inventory using fundamental inventory control practices to maintain appropriate stock levels and support efficient replenishment.
Successfully demonstrate the required competency and you will earn a Curv microcredential from The Chang School, a recognized credential that validates your skills and can be showcased to employers across your professional networks.
Notes
This course is offered in an online, primarily asynchronous format.
Asynchronous learning means that you will not typically have to be online at specific times. You will engage with course material through online content and activities that you can work through independently. You will have deadlines for assignment and assessment submissions.
Your instructor may also include occasional scheduled sessions for Q&As or discussion activities using web-conferencing tools such as Zoom or Google Meet. Details will be included in your course outline, which will be available on the first day of class.
If you have questions about enrolling in a course or need assistance, contact ce@torontomu.ca.
Relevant Programs
Introduction to Retail Analytics
Store Operations & Planning