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RTMG201 - Retail Inventory Management

Course Details

Course Code: RTMG201 Course ID: 4142 Credit Hours: 3 Level: Undergraduate

Retail inventory management is a strategic factor in retail environment success. In this course students review Retail inventory management processes and methods used to keep track of stock. These methods control ordering, shipping, receiving, tracking inventory, retail turn-over, and storage. Retail inventory management is a significant factor in managing a business’ profits at a steady margin as well as reducing theft and loss of inventory. Many retail businesses lose money every year because they do not have a successful inventory management system in place. Students will review the following functions for a retail business: Tracking and managing the inventory for the business to keep up with store markdowns; Evaluating how well groups of products perform in sales; Provides analysis for comparison shopping with competitors; Collecting data on the sales and inventory of individual stores using SKU; and Methods to accurately review inventory. Students will distinguish between large and small retail organizations, and variations in inventory management based upon the nature of the inventory (perishable, seasonal, fashion, etc) An analysis of skills, tools, and resources required for effective inventory management will be reviewed, as well as strategies for keeping inventory current and ways to identify and mitigate inventory management challenges and risks in order to support retail organization profitability.





Course Schedule

Registration Dates Course Dates Session Weeks
06/24/19 - 11/29/19 12/02/19 - 01/26/20 Fall 2019 Session D 8 Week session
08/26/19 - 01/31/20 02/03/20 - 03/29/20 Winter 2020 Session I 8 Week session

Current Syllabi

After successfully completing this course, you will be able to:
1.Define the basics of retail inventory management functions and principles within a small/large organization.
2.Examine the skills required of retail inventory managers to maintain a strategic capacity level.
3.Assess the impact poor inventory management can have on an organization’s bottom line.
4.Evaluate various retail inventory management methods or approaches to production process mapping.
5.Compare the relationship between global sourcing and logistics distribution.
6.Analyze total quality management and how quality is measured.
7.Critique the reasons an organization might outsource inventory capabilities.
8.Recall important attributes of a lean retail inventory management supply chain.

NameGrade %
Forums 40.00 %
Introduction 4.44 %
Wk 1 - Retail Inventory Management Environment 4.44 %
Wk 2 - Strategy & Strategic Capacity 4.44 %
Wk 3 - Production & Service Processes 4.44 %
Wk 4 - Quality, Six Sigma, & Projects 4.44 %
Wk 5 - Global Sourcing & Logistics Distribution 4.44 %
Wk 6 - Lean Supply & Demand Management 4.44 %
Wk 7 - Sales & Ops Planning 4.44 %
Wk 8 - Inventory Control & MRP 4.44 %
Assignments 60.00 %
Assignment 1: Dead Stock Proposal (Due Week Two) 15.00 %
Assignment 2: Inventory Management Power Point (Week 4) 15.00 %
Assignment 3: Outsourcing Essay (Due Week 6) 15.00 %
Assignment 4: Retail Inventory Management Essay (Due Week 8) 15.00 %

Required Readings

See Lessons area for additional reading requirements.

Additional Resources

See Lessons area for additional resources.

Book Title:Essentials of Inventory Management, 2nd ed.-E-book available in the APUS online library. Link provided in the classroom lessons section.
ISBN:9780814416556
Publication Info:American Management Association
Author:Muller, Max
Unit Cost:$28.85

Previous Syllabi

Not current for future courses.