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Whole-Life Asset Management

Module
Duration
60hrs
Level
04
Language
english
Reference
L4M7
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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

Syllabus & 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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Last updated June 3, 2026

Part of these programs

This course is a module in our full qualifications

Whole-Life Asset Management in Bahrain | Logic Institute