Whole-Life Asset Management

60 hours

Level 4

CIPS — Chartered Institute of Procurement & Supply

english

Course Overview

Purchase price is rarely the full cost. This module teaches whole-life costing — capturing acquisition, operation, maintenance, and disposal in a single decision model. Covers inventory classification, control techniques (JIT, MRP, ERP), warehousing fundamentals, and the discipline of running an inventory function.

What you will learn

Build a whole-life cost model for a capital purchase including disposal
Classify inventory by type and ABC priority, and apply appropriate control technique
Choose between JIT, MRP, and ERP approaches based on demand characteristics
Calculate inventory performance measures — service levels, stock turn, stock cover

Course Details

Core module · 6 credits · Objective Response (OR) exam · 1.5-hour duration. The quantitative module on costing assets correctly across their full life. You'll cover whole-life costing models (acquisition + operation + maintenance + disposal), inventory classifications (raw, WIP, finished, ABC), warehousing fundamentals, and modern inventory control techniques (MRP II, ERP, JIT). Includes disposal and end-of-life considerations including closed-loop and triple-bottom-line thinking.

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Pricing

Last updated May 16, 2026

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This course is a module in our full qualifications

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