Course

Competency Module: Asset and Inventory Management

  • Date: 05/03/2024
  • Start Time: 1:00 PM Eastern Time
  • End Time: 5:00 PM Eastern Time
  • Instructor: Mr. Michael B. Gustafson, NIGP-CPP, CPPO, CPPB, MBA
    NIGP MASTER INSTRUCTOR
    Mr. Michael B. Gustafson, NIGP-CPP, CPPO, CPPB, MBA

    Mike retired from the Commonwealth of Kentucky in August 2016. While he was with the State, Mike was in the Office of Procurement Services (OPS) in the Finance and Administration Cabinet (FAC) where he was a Strategic Procurement Specialist II.

    Mike began his procurement career with the State in April 2000. During this time, he had the responsibility of creating and administering the Master Agreement Contracts for many of the transportation related items - fleet vehicles, school buses, tires, tractors, mowers, backhoes, all-terrain vehicles, boats, aircraft, fleet fuel, diesel and propane fuels. Mike was also the subject matter expert on all types of insurance, advertising, marketing, and digital media services, office supplies, and public safety and law enforcement items.

    He worked with many State Agency representatives in the development of Request for Bids (RFBs) and Request for Proposals (RFPs) which resulted in Contracts and Master Agreement Contracts for their use. These were for the use of many of the State Agencies, local governments (cities and counties), schools, and universities. He also worked closely with those he supported on their Procurement Buying Plans and Spend Analysis.

    In addition to Mike’s State procurement-related experience, Mike has management supervisory experience. His supervisory responsibility and accountability were for various size U.S. Army active-duty units (as a Platoon Leader for a 35-person platoon (at Ft Campbell, KY) and as a Battery Commander for a 150-person Air Defense Artillery battery (at Spangdahlem Air Force Base, Germany.) He had responsibility for office staff management in logistical and supply-related active and reserve-duty offices. Mike served as a military Instructor as well as a Regional Coordinator for 6 years in the Command and General Staff Officer College (CGSOC) and taught numerous strategic and logistical courses to military personnel. Mike retired from the US Army Reserves with 28 years of service.

    Mike served as the supervisor for the procurement office / warehouse in an automotive Tier 1 parts supplier. Mike insured that the procurement and warehousing activities were accomplished in a timely manner to allow for uninterrupted automotive parts production and delivery. He was also responsible for all operational and maintenance related procurements for the production facility.

    Mike received his NIGP-Certified Procurement Professional (NIGP-CPP) certification in May 2021, his Certified Public Procurement Officer (CPPO) certification in November 2008, and his Certified Professional Public Buyer (CPPB) certification in April 2002. Prior to his retirement, Mike served as a member of the NIGP Chapter - Kentucky Public Procurement Association (KPPA) Board of Directors and was the Chairperson of the Education, Professional Development, and Certification Committee. Mike was honored to be selected as the recipient of the KPPA Betty Bingham Lifetime Achievement Award in October 2017.

    In his much-awaited role as retired, Mike plans to continue facilitating NIGP courses and to travel as much as possible.

    Contact information:

    Email: mikegustafson54@gmail.com

    Cell: (502) 680-2671

    Currently on the NIGP Faculty for the following courses:

    • Contract Administration
    • Legal Aspects of Public Procurement
    • Risk Management in Public Contracting
    • Sourcing and Solicitation
    • Specialization Certificate - Construction Procurement
    • Core Certificate - Foundations of Planning and Analysis
    • Core Certificate - Foundations of Strategy and Policy
    • Competency Module - Cost, Price, and Value Analysis
    • Competency Module - Economics, Budget, Financial Management, and Accounting
    • Competency Module - Ethics, Integrity, and Transparency
    • Competency Module - Marketing Analysis and Forecasting
    • Competency Module - Negotiations
    • Competency Module - Requirements, Planning, and Understanding
    • Competency Module - Specification Development
    • Competency Module - Standardization
    • CPPB Prep Class
    • CPPO Prep Class

    Previously on the Faculty for NIGP courses prior to the beginning of the Pathways program:

    • Contract Administration in the Public Sector
    • Developing and Managing Requests For Proposals in the Public Sector
    • Introduction to Public Procurement
    • Risk Management
    • Sourcing in the Public Sector
    • Strategic Procurement Planning
    • The Legal Aspects of Public Purchasing
  • Level: Foundation
  • Format: Virtual Instructor-Led
  • Contact Hours: 4
  • CEUs: 0.4

The effective oversight and control of inventory can help minimize not only the excess spend but also optimize the availability of resources for the entity. In order to accomplish this goal, procurement professionals must identify and overcome various logistical concerns at the strategic level, ensuring that they address material concerns to best meet entity needs.

Pricing:
PriceCostBeginsEnds
Competency Module: Asset and Inventory Management (Member: Standard) $165.0003/04/202405/02/2024
Competency Module: Asset and Inventory Management (Non-Member: Standard)$265.00 05/02/2024
Competency Module: Asset and Inventory Management (Member: Standard) $165.00
Competency Module: Asset and Inventory Management (Member: Early) $132.00
Competency Module: Asset and Inventory Management (Non-Member: Standard) $265.00
(prices valid until May 2, 2024)
Spots available: 17

Objectives

NIGP’s Asset and Inventory Management course creates a dedicated learning experience where students leave with the ability to:

  • Identify warehousing and logistics issues or concerns, to include the storage, movement, and delivery of materials throughout the life of their usage in order to best meet entity needs.
  • Discuss various techniques for safely and effectively managing inventories and optimizing inventory supply services to stakeholders.

Intended Audience

This offering is targeted to individuals who meet or exceed the following professional demographics:  

  • Entry-level public procurement and central warehouse professionals who serve as assistants, coordinators, buyers, or equivalent functions within their respective entities.   

  • Non-procurement managers and supervisors who are responsible for either the procurement function or staff who provide procurement functions under delegated authority.   

  • Professionals who are employed by governing entities and special authorities (such as K-12 and higher education, publicly-owned utilities, transportation providers, and other publicly-funded or created organizations) that either serve within or manage the procurement function.  

  • Suppliers or representatives of suppliers seeking to understand the public procurement function from a holistic level, including the policies, standards, and procedures by which public entities must function.  


Completion Requirements

In order to successfully earn a digital badge in the Asset and Inventory Management competency, learners must:

  • Complete any pre-work materials provided prior to the course start date.
  • Attend and participate in the entirety of the instructional event.
  • Complete the post-course evaluation survey available in Aspire.
  • Complete the final assessment examination with a score of 80% or higher

Competency Alignment

Get a Core Certificate: Foundations of Warehousing and Inventory Management by adding these competency modules:

  • Logistics and Transportation
  • Surplus, Disposal, and Closeout
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Sessions

Cancellation Policy

Registration and payment must be received 24 hours prior to the course start date. After this time, registrations will be based on space availability.  A full refund, less a $75 administrative fee will be given for cancellations made in writing 31+ days prior to the seminar date by emailing RegistrationInfo@nigp.org. No refunds are given for cancellations received within 24 hours of the seminar start date. There are no refunds for no-shows. If the seminar is cancelled for any reason, NIGP's liability is limited to the registration fee only.  

Attendee substitutions within the same agency may be done at any time with email notification to NIGP. If attending via scholarship, please provide documentation verifying the scholarship issuer's name and contact information in lieu of payment information. 

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Competency Module: Asset and Inventory Management

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