CPIM Module 6: Inventory Section B: Inventory and Product Costs, Value, and Metrics

1. Inventory Costs and Risk Pool
1. stypes of inventory and their interactions
1. Item
2. Carrying 
3. Ordering
4. Stock Out
5. Capacity - Related
2. Calculating Carrying Costs
1. Capital Costs
2. Storage Costs
3. Risk Costs
3. Calculating Ordering Cost
4. Tradeoff Calculation
5. Annual Cost Calculations
6. Risk Pooling
2. Basic Accounting and Inventory
1. Financial vs Managerial Accounting
2. Balance Sheet
3. Income Statement
4. Satement of Cashflows
5. Average inventory and Inventory Turnover
6. Days of Supply 
7. FIFO, LIFO, Average Cost, and Specific Identification
8. Standard Cost Accounting
9. Variances and Transfer Pricing
3. Costing
1. Cost Classifications and Their Purposes
2. Manufacturing Costs
1. Direct Material
2. DIrect Labor
3. Overhead
3. Non-Manufacturing Costs
4. Direct and IndIrect Costs
5. When Recognized (Posted) on Income Statement?
6. Variable and Fixed Costs
7. Product Costing Method
8. Absorption and Variable Costing Approaches
9. Job-Order, Process, and Operation Costing
10. Activity-Based Cost Accounting
4. Managing Product Costs
1. Identify Variance in Cost
2. Forms of Waste
1. Overproduction
2. waiting
3. transportation
4. stocks
5. motion
6. make defects
7. processing itself
8. people skill