OTHM
Level 4
QN: 610/3503/8
Curriculum Active
OTHM Level 4 Certificate in Inventory Management
Official qualification regulated by Ofqual, awarded by OTHM. Classified as a Vocationally-Related Qualification. Total guided learning hours: 120 hours.
Qualification Level
Level 4
Awarding Body
OTHM
Syllabus Units
4 Units
Guided Hours
120 hrs
Instant access to interactive lessons, quizzes, and spaced revision.
Course Syllabus & Study Modules
Complete breakdown of verified curriculum topics and learning objectives.
1
OTHM Level 4 Certificate in Inventory Management
Managing Inventory Through a Network
Verified
Key Learning Objectives:
- Analyse the impact of inventory centralisation versus decentralisation on lead times and customer service within a supply chain network.
- Evaluate the cost-benefit trade-offs of implementing Distribution Requirements Planning (DRP) in a multi-echelon inventory system.
- Assess the role of collaborative planning, forecasting, and replenishment (CPFR) in reducing network-wide stock levels.
- Apply inventory segmentation techniques (e.g., ABC analysis) across a network to prioritise stock availability.
- Compare the use of push and pull inventory strategies in different network configurations.
- Recommend strategies for minimising safety stock while maintaining service level agreements (SLAs).
2
OTHM Level 4 Certificate in Inventory Management
Current and Emerging Inventory Systems
Verified
Key Learning Objectives:
- Analyse the evolution from traditional to modern inventory control techniques.
- Evaluate the benefits of dynamic stockholding models that incorporate demand forecasts and tracking signals.
- Compare current inventory systems used by organisations and assess their reliance on traditional models.
- Identify and explain the difficulties in developing and maintaining modern inventory control systems.
3
OTHM Level 4 Certificate in Inventory Management
Inventory Control Principals
Verified
Key Learning Objectives:
- Compare and contrast the fixed period and fixed quantity inventory control models.
- Calculate re-order levels incorporating service level targets and lead time variability.
- Analyse the impact of lead time variability on inventory holding costs and stockout risks.
- Critically assess the limitations of traditional order quantity models in modern supply chains.
- Recommend appropriate order quantity models for different inventory scenarios.
4
OTHM Level 4 Certificate in Inventory Management
Introduction to Inventory Management
Verified
Key Learning Objectives:
- Explain the core functions of inventory in meeting customer demand and supporting operations.
- Differentiate between types of inventories including raw materials, WIP, finished goods, and MRO supplies.
- Calculate the total holding costs, including capital, storage, and risk-related expenses.
- Analyse the impact of shrinking service windows on inventory policies such as safety stock levels.
- Assess the role of inventory as a strategic lever for supply chain resilience and efficiency.
Regulatory & Verification Details
- Qualification Number (QN)
- 610/3503/8
- Regulated Status
- Available to learners
- Awarding Body
- OTHM
- Qualification Type
- Vocationally-Related Qualification
- Operational Start
- Dec 2023
- Operational End
- Dec 2033