Apply inventory replenishment and distribution systems US

This unit standard is required by people working in the manufacturing environment and who need to understand the concepts, review methodologies and lot sizing techniques.

People credited with this unit standard are able to:
Determine the re-order point.
Explain the concept Economic Order Quantity (EOQ).
Discuss and apply various order review methodologies.
Demonstrate knowledge and application of a number of lot sizing techniques.
Explain distribution management.
Describe and plan carriers operations.
Discuss factors that determine the location of a facility.
Explain and apply Distribution Requirements Planning (DRP).
Discuss and apply a number of distribution ordering models.