diff --git a/awx/ui_next/src/api/models/Projects.js b/awx/ui_next/src/api/models/Projects.js
index 3761c61961..269ef18f8a 100644
--- a/awx/ui_next/src/api/models/Projects.js
+++ b/awx/ui_next/src/api/models/Projects.js
@@ -11,6 +11,7 @@ class Projects extends SchedulesMixin(
     this.baseUrl = '/api/v2/projects/';
 
     this.readAccessList = this.readAccessList.bind(this);
+    this.readInventories = this.readInventories.bind(this);
     this.readPlaybooks = this.readPlaybooks.bind(this);
     this.readSync = this.readSync.bind(this);
     this.sync = this.sync.bind(this);
@@ -20,6 +21,10 @@ class Projects extends SchedulesMixin(
     return this.http.get(`${this.baseUrl}${id}/access_list/`, { params });
   }
 
+  readInventories(id) {
+    return this.http.get(`${this.baseUrl}${id}/inventories/`);
+  }
+
   readPlaybooks(id) {
     return this.http.get(`${this.baseUrl}${id}/playbooks/`);
   }
diff --git a/awx/ui_next/src/components/Lookup/CredentialLookup.jsx b/awx/ui_next/src/components/Lookup/CredentialLookup.jsx
index 50cf3c27e9..bb4629c697 100644
--- a/awx/ui_next/src/components/Lookup/CredentialLookup.jsx
+++ b/awx/ui_next/src/components/Lookup/CredentialLookup.jsx
@@ -26,6 +26,7 @@ function CredentialLookup({
   onChange,
   required,
   credentialTypeId,
+  credentialTypeKind,
   value,
   history,
   i18n,
@@ -34,13 +35,19 @@ function CredentialLookup({
   const [credentials, setCredentials] = useState([]);
   const [count, setCount] = useState(0);
   const [error, setError] = useState(null);
-
   useEffect(() => {
     (async () => {
       const params = parseQueryString(QS_CONFIG, history.location.search);
+      const typeIdParams = credentialTypeId
+        ? { credential_type: credentialTypeId }
+        : {};
+      const typeKindParams = credentialTypeKind
+        ? { credential_type__kind: credentialTypeKind }
+        : {};
+
       try {
         const { data } = await CredentialsAPI.read(
-          mergeParams(params, { credential_type: credentialTypeId })
+          mergeParams(params, { ...typeIdParams, ...typeKindParams })
         );
         setCredentials(data.results);
         setCount(data.count);
@@ -50,7 +57,7 @@ function CredentialLookup({
         }
       }
     })();
-  }, [credentialTypeId, history.location.search]);
+  }, [credentialTypeId, credentialTypeKind, history.location.search]);
 
   // TODO: replace credential type search with REST-based grabbing of cred types
 
@@ -111,8 +118,29 @@ function CredentialLookup({
   );
 }
 
+function idOrKind(props, propName, componentName) {
+  let error;
+  if (
+    !Object.prototype.hasOwnProperty.call(props, 'credentialTypeId') &&
+    !Object.prototype.hasOwnProperty.call(props, 'credentialTypeKind')
+  )
+    error = new Error(
+      `Either "credentialTypeId" or "credentialTypeKind" is required`
+    );
+  if (
+    !Object.prototype.hasOwnProperty.call(props, 'credentialTypeId') &&
+    typeof props[propName] !== 'string'
+  ) {
+    error = new Error(
+      `Invalid prop '${propName}' '${props[propName]}' supplied to '${componentName}'.`
+    );
+  }
+  return error;
+}
+
 CredentialLookup.propTypes = {
-  credentialTypeId: oneOfType([number, string]).isRequired,
+  credentialTypeId: oneOfType([number, string]),
+  credentialTypeKind: idOrKind,
   helperTextInvalid: node,
   isValid: bool,
   label: string.isRequired,
@@ -123,6 +151,8 @@ CredentialLookup.propTypes = {
 };
 
 CredentialLookup.defaultProps = {
+  credentialTypeId: '',
+  credentialTypeKind: '',
   helperTextInvalid: '',
   isValid: true,
   onBlur: () => {},
diff --git a/awx/ui_next/src/screens/Inventory/Inventories.jsx b/awx/ui_next/src/screens/Inventory/Inventories.jsx
index e93269cf93..a5cedf5897 100644
--- a/awx/ui_next/src/screens/Inventory/Inventories.jsx
+++ b/awx/ui_next/src/screens/Inventory/Inventories.jsx
@@ -37,8 +37,9 @@ class Inventories extends Component {
       inventory.kind === 'smart' ? 'smart_inventory' : 'inventory';
 
     const inventoryPath = `/inventories/${inventoryKind}/${inventory.id}`;
-    const inventoryHostsPath = `/inventories/${inventoryKind}/${inventory.id}/hosts`;
-    const inventoryGroupsPath = `/inventories/${inventoryKind}/${inventory.id}/groups`;
+    const inventoryHostsPath = `${inventoryPath}/hosts`;
+    const inventoryGroupsPath = `${inventoryPath}/groups`;
+    const inventorySourcesPath = `${inventoryPath}/sources`;
 
     const breadcrumbConfig = {
       '/inventories': i18n._(t`Inventories`),
@@ -50,7 +51,6 @@ class Inventories extends Component {
       [`${inventoryPath}/completed_jobs`]: i18n._(t`Completed Jobs`),
       [`${inventoryPath}/details`]: i18n._(t`Details`),
       [`${inventoryPath}/edit`]: i18n._(t`Edit Details`),
-      [`${inventoryPath}/sources`]: i18n._(t`Sources`),
 
       [inventoryHostsPath]: i18n._(t`Hosts`),
       [`${inventoryHostsPath}/add`]: i18n._(t`Create New Host`),
@@ -74,6 +74,9 @@ class Inventories extends Component {
       [`${inventoryGroupsPath}/${nested?.id}/nested_hosts/add`]: i18n._(
         t`Create New Host`
       ),
+
+      [`${inventorySourcesPath}`]: i18n._(t`Sources`),
+      [`${inventorySourcesPath}/add`]: i18n._(t`Create New Source`),
     };
     this.setState({ breadcrumbConfig });
   };
diff --git a/awx/ui_next/src/screens/Inventory/InventorySourceAdd/InventorySourceAdd.jsx b/awx/ui_next/src/screens/Inventory/InventorySourceAdd/InventorySourceAdd.jsx
new file mode 100644
index 0000000000..11cad37c8f
--- /dev/null
+++ b/awx/ui_next/src/screens/Inventory/InventorySourceAdd/InventorySourceAdd.jsx
@@ -0,0 +1,56 @@
+import React, { useCallback, useEffect } from 'react';
+import { useHistory, useParams } from 'react-router-dom';
+import { InventorySourcesAPI } from '@api';
+import useRequest from '@util/useRequest';
+import { Card } from '@patternfly/react-core';
+import { CardBody } from '@components/Card';
+import InventorySourceForm from '../shared/InventorySourceForm';
+
+function InventorySourceAdd() {
+  const history = useHistory();
+  const { id } = useParams();
+
+  const { error, request, result } = useRequest(
+    useCallback(async values => {
+      const { data } = await InventorySourcesAPI.create(values);
+      return data;
+    }, [])
+  );
+
+  useEffect(() => {
+    if (result) {
+      history.push(
+        `/inventories/inventory/${result.inventory}/sources/${result.id}/details`
+      );
+    }
+  }, [result, history]);
+
+  const handleSubmit = async form => {
+    const { credential, source_project, ...remainingForm } = form;
+
+    await request({
+      credential: credential?.id || null,
+      source_project: source_project?.id || null,
+      inventory: id,
+      ...remainingForm,
+    });
+  };
+
+  const handleCancel = () => {
+    history.push(`/inventories/inventory/${id}/sources`);
+  };
+
+  return (
+    <Card>
+      <CardBody>
+        <InventorySourceForm
+          onCancel={handleCancel}
+          onSubmit={handleSubmit}
+          submitError={error}
+        />
+      </CardBody>
+    </Card>
+  );
+}
+
+export default InventorySourceAdd;
diff --git a/awx/ui_next/src/screens/Inventory/InventorySourceAdd/InventorySourceAdd.test.jsx b/awx/ui_next/src/screens/Inventory/InventorySourceAdd/InventorySourceAdd.test.jsx
new file mode 100644
index 0000000000..80bd08c902
--- /dev/null
+++ b/awx/ui_next/src/screens/Inventory/InventorySourceAdd/InventorySourceAdd.test.jsx
@@ -0,0 +1,152 @@
+import React from 'react';
+import { act } from 'react-dom/test-utils';
+import { createMemoryHistory } from 'history';
+import { mountWithContexts } from '@testUtils/enzymeHelpers';
+import InventorySourceAdd from './InventorySourceAdd';
+import { InventorySourcesAPI, ProjectsAPI } from '@api';
+
+jest.mock('@api');
+jest.mock('react-router-dom', () => ({
+  ...jest.requireActual('react-router-dom'),
+  useParams: () => ({
+    id: 111,
+  }),
+}));
+
+describe('<InventorySourceAdd />', () => {
+  let wrapper;
+  const invSourceData = {
+    credential: { id: 222 },
+    description: 'bar',
+    inventory: 111,
+    name: 'foo',
+    overwrite: false,
+    overwrite_vars: false,
+    source: 'scm',
+    source_path: 'mock/file.sh',
+    source_project: { id: 999 },
+    source_vars: '---↵',
+    update_cache_timeout: 0,
+    update_on_launch: false,
+    update_on_project_update: false,
+    verbosity: 1,
+  };
+
+  InventorySourcesAPI.readOptions.mockResolvedValue({
+    data: {
+      actions: {
+        GET: {
+          source: {
+            choices: [
+              ['file', 'File, Directory or Script'],
+              ['scm', 'Sourced from a Project'],
+              ['ec2', 'Amazon EC2'],
+              ['gce', 'Google Compute Engine'],
+              ['azure_rm', 'Microsoft Azure Resource Manager'],
+              ['vmware', 'VMware vCenter'],
+              ['satellite6', 'Red Hat Satellite 6'],
+              ['cloudforms', 'Red Hat CloudForms'],
+              ['openstack', 'OpenStack'],
+              ['rhv', 'Red Hat Virtualization'],
+              ['tower', 'Ansible Tower'],
+              ['custom', 'Custom Script'],
+            ],
+          },
+        },
+      },
+    },
+  });
+
+  ProjectsAPI.readInventories.mockResolvedValue({
+    data: [],
+  });
+
+  afterEach(() => {
+    jest.clearAllMocks();
+    wrapper.unmount();
+  });
+
+  test('new form displays primary form fields', async () => {
+    const config = {
+      custom_virtualenvs: ['venv/foo', 'venv/bar'],
+    };
+    await act(async () => {
+      wrapper = mountWithContexts(<InventorySourceAdd />, {
+        context: { config },
+      });
+    });
+    expect(wrapper.find('FormGroup[label="Name"]')).toHaveLength(1);
+    expect(wrapper.find('FormGroup[label="Description"]')).toHaveLength(1);
+    expect(wrapper.find('FormGroup[label="Source"]')).toHaveLength(1);
+    expect(wrapper.find('FormGroup[label="Ansible Environment"]')).toHaveLength(
+      1
+    );
+  });
+
+  test('should navigate to inventory sources list when cancel is clicked', async () => {
+    const history = createMemoryHistory({});
+    await act(async () => {
+      wrapper = mountWithContexts(<InventorySourceAdd />, {
+        context: { router: { history } },
+      });
+    });
+    await act(async () => {
+      wrapper.find('InventorySourceForm').invoke('onCancel')();
+    });
+    expect(history.location.pathname).toEqual(
+      '/inventories/inventory/111/sources'
+    );
+  });
+
+  test('should post to the api when submit is clicked', async () => {
+    InventorySourcesAPI.create.mockResolvedValueOnce({ data: {} });
+    await act(async () => {
+      wrapper = mountWithContexts(<InventorySourceAdd />);
+    });
+    await act(async () => {
+      wrapper.find('InventorySourceForm').invoke('onSubmit')(invSourceData);
+    });
+    expect(InventorySourcesAPI.create).toHaveBeenCalledTimes(1);
+    expect(InventorySourcesAPI.create).toHaveBeenCalledWith({
+      ...invSourceData,
+      credential: 222,
+      source_project: 999,
+    });
+  });
+
+  test('successful form submission should trigger redirect', async () => {
+    const history = createMemoryHistory({});
+    InventorySourcesAPI.create.mockResolvedValueOnce({
+      data: { id: 123, inventory: 111 },
+    });
+    await act(async () => {
+      wrapper = mountWithContexts(<InventorySourceAdd />, {
+        context: { router: { history } },
+      });
+    });
+    await act(async () => {
+      wrapper.find('InventorySourceForm').invoke('onSubmit')(invSourceData);
+    });
+    expect(history.location.pathname).toEqual(
+      '/inventories/inventory/111/sources/123/details'
+    );
+  });
+
+  test('unsuccessful form submission should show an error message', async () => {
+    const error = {
+      response: {
+        data: { detail: 'An error occurred' },
+      },
+    };
+    InventorySourcesAPI.create.mockImplementation(() => Promise.reject(error));
+    await act(async () => {
+      wrapper = mountWithContexts(<InventorySourceAdd />);
+    });
+    expect(wrapper.find('FormSubmitError').length).toBe(0);
+    await act(async () => {
+      wrapper.find('InventorySourceForm').invoke('onSubmit')({});
+    });
+    wrapper.update();
+    expect(wrapper.find('FormSubmitError').length).toBe(1);
+  });
+});
diff --git a/awx/ui_next/src/screens/Inventory/InventorySourceAdd/index.js b/awx/ui_next/src/screens/Inventory/InventorySourceAdd/index.js
new file mode 100644
index 0000000000..0a3020f194
--- /dev/null
+++ b/awx/ui_next/src/screens/Inventory/InventorySourceAdd/index.js
@@ -0,0 +1 @@
+export { default } from './InventorySourceAdd';
diff --git a/awx/ui_next/src/screens/Inventory/InventorySources/InventorySourceList.jsx b/awx/ui_next/src/screens/Inventory/InventorySources/InventorySourceList.jsx
index 65fe8656f6..0a759b94e6 100644
--- a/awx/ui_next/src/screens/Inventory/InventorySources/InventorySourceList.jsx
+++ b/awx/ui_next/src/screens/Inventory/InventorySources/InventorySourceList.jsx
@@ -88,7 +88,7 @@ function InventorySourceList({ i18n }) {
   const canAdd =
     sourceChoicesOptions &&
     Object.prototype.hasOwnProperty.call(sourceChoicesOptions, 'POST');
-  const detailUrl = `/inventories/${inventoryType}/${id}/sources/`;
+  const listUrl = `/inventories/${inventoryType}/${id}/sources/`;
   return (
     <>
       <PaginatedDataList
@@ -109,7 +109,7 @@ function InventorySourceList({ i18n }) {
             qsConfig={QS_CONFIG}
             additionalControls={[
               ...(canAdd
-                ? [<ToolbarAddButton key="add" linkTo={`${detailUrl}add`} />]
+                ? [<ToolbarAddButton key="add" linkTo={`${listUrl}add`} />]
                 : []),
               <ToolbarDeleteButton
                 key="delete"
@@ -133,7 +133,7 @@ function InventorySourceList({ i18n }) {
               source={inventorySource}
               onSelect={() => handleSelect(inventorySource)}
               label={label}
-              detailUrl={`${detailUrl}${inventorySource.id}`}
+              detailUrl={`${listUrl}${inventorySource.id}`}
               isSelected={selected.some(row => row.id === inventorySource.id)}
             />
           );
diff --git a/awx/ui_next/src/screens/Inventory/InventorySources/InventorySourceList.test.jsx b/awx/ui_next/src/screens/Inventory/InventorySources/InventorySourceList.test.jsx
index b0500e6230..c253f4b83f 100644
--- a/awx/ui_next/src/screens/Inventory/InventorySources/InventorySourceList.test.jsx
+++ b/awx/ui_next/src/screens/Inventory/InventorySources/InventorySourceList.test.jsx
@@ -158,7 +158,7 @@ describe('<InventorySourceList />', () => {
       1
     );
   });
-  test('displays error after unseccessful read sources fetch', async () => {
+  test('displays error after unsuccessful read sources fetch', async () => {
     InventorySourcesAPI.readOptions.mockRejectedValue(
       new Error({
         response: {
@@ -193,7 +193,7 @@ describe('<InventorySourceList />', () => {
     expect(wrapper.find('ContentError').length).toBe(1);
   });
 
-  test('displays error after unseccessful read options fetch', async () => {
+  test('displays error after unsuccessful read options fetch', async () => {
     InventorySourcesAPI.readOptions.mockRejectedValue(
       new Error({
         response: {
diff --git a/awx/ui_next/src/screens/Inventory/InventorySources/InventorySources.jsx b/awx/ui_next/src/screens/Inventory/InventorySources/InventorySources.jsx
index c2455622ad..3fe2cdc1bd 100644
--- a/awx/ui_next/src/screens/Inventory/InventorySources/InventorySources.jsx
+++ b/awx/ui_next/src/screens/Inventory/InventorySources/InventorySources.jsx
@@ -1,11 +1,14 @@
 import React from 'react';
 import { Switch, Route } from 'react-router-dom';
-
+import InventorySourceAdd from '../InventorySourceAdd';
 import InventorySourceList from './InventorySourceList';
 
 function InventorySources() {
   return (
     <Switch>
+      <Route key="add" path="/inventories/inventory/:id/sources/add">
+        <InventorySourceAdd />
+      </Route>
       <Route path="/inventories/:inventoryType/:id/sources">
         <InventorySourceList />
       </Route>
diff --git a/awx/ui_next/src/screens/Inventory/InventorySources/InventorySources.test.jsx b/awx/ui_next/src/screens/Inventory/InventorySources/InventorySources.test.jsx
new file mode 100644
index 0000000000..dba54734da
--- /dev/null
+++ b/awx/ui_next/src/screens/Inventory/InventorySources/InventorySources.test.jsx
@@ -0,0 +1,11 @@
+import React from 'react';
+import { shallow } from 'enzyme';
+import InventorySources from './InventorySources';
+
+describe('<InventorySources />', () => {
+  test('initially renders without crashing', () => {
+    const wrapper = shallow(<InventorySources />);
+    expect(wrapper.length).toBe(1);
+    wrapper.unmount();
+  });
+});
diff --git a/awx/ui_next/src/screens/Inventory/shared/InventoryForm.test.jsx b/awx/ui_next/src/screens/Inventory/shared/InventoryForm.test.jsx
index f0add60fe9..1cc056d5a4 100644
--- a/awx/ui_next/src/screens/Inventory/shared/InventoryForm.test.jsx
+++ b/awx/ui_next/src/screens/Inventory/shared/InventoryForm.test.jsx
@@ -1,9 +1,11 @@
 import React from 'react';
 import { act } from 'react-dom/test-utils';
-import { mountWithContexts } from '@testUtils/enzymeHelpers';
+import { mountWithContexts, waitForElement } from '@testUtils/enzymeHelpers';
 
 import InventoryForm from './InventoryForm';
 
+jest.mock('@api');
+
 const inventory = {
   id: 1,
   type: 'inventory',
@@ -50,22 +52,27 @@ describe('<InventoryForm />', () => {
   let wrapper;
   let onCancel;
   let onSubmit;
-  beforeEach(() => {
+
+  beforeAll(async () => {
     onCancel = jest.fn();
     onSubmit = jest.fn();
-    wrapper = mountWithContexts(
-      <InventoryForm
-        onCancel={onCancel}
-        onSubmit={onSubmit}
-        inventory={inventory}
-        instanceGroups={instanceGroups}
-        credentialTypeId={14}
-      />
-    );
+    await act(async () => {
+      wrapper = mountWithContexts(
+        <InventoryForm
+          onCancel={onCancel}
+          onSubmit={onSubmit}
+          inventory={inventory}
+          instanceGroups={instanceGroups}
+          credentialTypeId={14}
+        />
+      );
+    });
+    await waitForElement(wrapper, 'ContentLoading', el => el.length === 0);
   });
 
-  afterEach(() => {
+  afterAll(() => {
     wrapper.unmount();
+    jest.clearAllMocks();
   });
 
   test('Initially renders successfully', () => {
@@ -83,7 +90,7 @@ describe('<InventoryForm />', () => {
     expect(wrapper.find('VariablesField[label="Variables"]').length).toBe(1);
   });
 
-  test('should update form values', async () => {
+  test('should update form values', () => {
     act(() => {
       wrapper.find('OrganizationLookup').invoke('onBlur')();
       wrapper.find('OrganizationLookup').invoke('onChange')({
diff --git a/awx/ui_next/src/screens/Inventory/shared/InventorySourceForm.jsx b/awx/ui_next/src/screens/Inventory/shared/InventorySourceForm.jsx
new file mode 100644
index 0000000000..eb59ed97c7
--- /dev/null
+++ b/awx/ui_next/src/screens/Inventory/shared/InventorySourceForm.jsx
@@ -0,0 +1,200 @@
+import React, { useEffect, useCallback, useContext } from 'react';
+import { Formik, useField } from 'formik';
+import { withI18n } from '@lingui/react';
+import { t } from '@lingui/macro';
+import { InventorySourcesAPI } from '@api';
+import { ConfigContext } from '@contexts/Config';
+import useRequest from '@util/useRequest';
+import { required } from '@util/validators';
+
+import { Form, FormGroup, Title } from '@patternfly/react-core';
+import AnsibleSelect from '@components/AnsibleSelect';
+import ContentError from '@components/ContentError';
+import ContentLoading from '@components/ContentLoading';
+import FormActionGroup from '@components/FormActionGroup/FormActionGroup';
+import FormField, {
+  FieldTooltip,
+  FormSubmitError,
+} from '@components/FormField';
+import { FormColumnLayout, SubFormLayout } from '@components/FormLayout';
+
+import SCMSubForm from './InventorySourceSubForms';
+
+const InventorySourceFormFields = ({ sourceOptions, i18n }) => {
+  const [sourceField, sourceMeta, sourceHelpers] = useField({
+    name: 'source',
+    validate: required(i18n._(t`Set a value for this field`), i18n),
+  });
+  const { custom_virtualenvs } = useContext(ConfigContext);
+  const [venvField] = useField('custom_virtualenv');
+  const defaultVenv = {
+    label: i18n._(t`Use Default Ansible Environment`),
+    value: '/venv/ansible/',
+    key: 'default',
+  };
+
+  return (
+    <>
+      <FormField
+        id="name"
+        label={i18n._(t`Name`)}
+        name="name"
+        type="text"
+        validate={required(null, i18n)}
+        isRequired
+      />
+      <FormField
+        id="description"
+        label={i18n._(t`Description`)}
+        name="description"
+        type="text"
+      />
+      <FormGroup
+        fieldId="source"
+        helperTextInvalid={sourceMeta.error}
+        isRequired
+        isValid={!sourceMeta.touched || !sourceMeta.error}
+        label={i18n._(t`Source`)}
+      >
+        <AnsibleSelect
+          {...sourceField}
+          id="source"
+          data={[
+            {
+              value: '',
+              key: '',
+              label: i18n._(t`Choose a source`),
+              isDisabled: true,
+            },
+            ...sourceOptions,
+          ]}
+          onChange={(event, value) => {
+            sourceHelpers.setValue(value);
+          }}
+        />
+      </FormGroup>
+      {custom_virtualenvs && custom_virtualenvs.length > 1 && (
+        <FormGroup
+          fieldId="custom-virtualenv"
+          label={i18n._(t`Ansible Environment`)}
+        >
+          <FieldTooltip
+            content={i18n._(t`Select the custom
+            Python virtual environment for this
+            inventory source sync to run on.`)}
+          />
+          <AnsibleSelect
+            id="custom-virtualenv"
+            data={[
+              defaultVenv,
+              ...custom_virtualenvs
+                .filter(value => value !== defaultVenv.value)
+                .map(value => ({ value, label: value, key: value })),
+            ]}
+            {...venvField}
+          />
+        </FormGroup>
+      )}
+
+      {sourceField.value !== '' && (
+        <SubFormLayout>
+          <Title size="md">{i18n._(t`Source details`)}</Title>
+          <FormColumnLayout>
+            {
+              {
+                scm: <SCMSubForm />,
+              }[sourceField.value]
+            }
+          </FormColumnLayout>
+        </SubFormLayout>
+      )}
+    </>
+  );
+};
+
+const InventorySourceForm = ({
+  i18n,
+  onCancel,
+  onSubmit,
+  submitError = null,
+}) => {
+  const initialValues = {
+    credential: null,
+    custom_virtualenv: '',
+    description: '',
+    name: '',
+    overwrite: false,
+    overwrite_vars: false,
+    source: '',
+    source_path: '',
+    source_project: null,
+    source_vars: '---\n',
+    update_cache_timeout: 0,
+    update_on_launch: false,
+    update_on_project_update: false,
+    verbosity: 1,
+  };
+
+  const {
+    isLoading: isSourceOptionsLoading,
+    error: sourceOptionsError,
+    request: fetchSourceOptions,
+    result: sourceOptions,
+  } = useRequest(
+    useCallback(async () => {
+      const { data } = await InventorySourcesAPI.readOptions();
+      const sourceChoices = Object.assign(
+        ...data.actions.GET.source.choices.map(([key, val]) => ({ [key]: val }))
+      );
+      delete sourceChoices.file;
+      return Object.keys(sourceChoices).map(choice => {
+        return {
+          value: choice,
+          key: choice,
+          label: sourceChoices[choice],
+        };
+      });
+    }, []),
+    []
+  );
+
+  useEffect(() => {
+    fetchSourceOptions();
+  }, [fetchSourceOptions]);
+
+  if (isSourceOptionsLoading) {
+    return <ContentLoading />;
+  }
+
+  if (sourceOptionsError) {
+    return <ContentError error={sourceOptionsError} />;
+  }
+
+  return (
+    <Formik
+      initialValues={initialValues}
+      onSubmit={values => {
+        onSubmit(values);
+      }}
+    >
+      {formik => (
+        <Form autoComplete="off" onSubmit={formik.handleSubmit}>
+          <FormColumnLayout>
+            <InventorySourceFormFields
+              formik={formik}
+              i18n={i18n}
+              sourceOptions={sourceOptions}
+            />
+            {submitError && <FormSubmitError error={submitError} />}
+            <FormActionGroup
+              onCancel={onCancel}
+              onSubmit={formik.handleSubmit}
+            />
+          </FormColumnLayout>
+        </Form>
+      )}
+    </Formik>
+  );
+};
+
+export default withI18n()(InventorySourceForm);
diff --git a/awx/ui_next/src/screens/Inventory/shared/InventorySourceForm.test.jsx b/awx/ui_next/src/screens/Inventory/shared/InventorySourceForm.test.jsx
new file mode 100644
index 0000000000..2e3dae5c8d
--- /dev/null
+++ b/awx/ui_next/src/screens/Inventory/shared/InventorySourceForm.test.jsx
@@ -0,0 +1,144 @@
+import React from 'react';
+import { act } from 'react-dom/test-utils';
+import { mountWithContexts, waitForElement } from '@testUtils/enzymeHelpers';
+import InventorySourceForm from './InventorySourceForm';
+import { InventorySourcesAPI, ProjectsAPI, CredentialsAPI } from '@api';
+
+jest.mock('@api/models/Credentials');
+jest.mock('@api/models/InventorySources');
+jest.mock('@api/models/Projects');
+
+describe('<InventorySourceForm />', () => {
+  let wrapper;
+  CredentialsAPI.read.mockResolvedValue({
+    data: { count: 0, results: [] },
+  });
+  ProjectsAPI.readInventories.mockResolvedValue({
+    data: ['foo'],
+  });
+  InventorySourcesAPI.readOptions.mockResolvedValue({
+    data: {
+      actions: {
+        GET: {
+          source: {
+            choices: [
+              ['file', 'File, Directory or Script'],
+              ['scm', 'Sourced from a Project'],
+              ['ec2', 'Amazon EC2'],
+              ['gce', 'Google Compute Engine'],
+              ['azure_rm', 'Microsoft Azure Resource Manager'],
+              ['vmware', 'VMware vCenter'],
+              ['satellite6', 'Red Hat Satellite 6'],
+              ['cloudforms', 'Red Hat CloudForms'],
+              ['openstack', 'OpenStack'],
+              ['rhv', 'Red Hat Virtualization'],
+              ['tower', 'Ansible Tower'],
+              ['custom', 'Custom Script'],
+            ],
+          },
+        },
+      },
+    },
+  });
+
+  describe('Successful form submission', () => {
+    const onSubmit = jest.fn();
+
+    beforeAll(async () => {
+      const config = {
+        custom_virtualenvs: ['venv/foo', 'venv/bar'],
+      };
+      await act(async () => {
+        wrapper = mountWithContexts(
+          <InventorySourceForm onCancel={() => {}} onSubmit={onSubmit} />,
+          {
+            context: { config },
+          }
+        );
+      });
+      await waitForElement(wrapper, 'ContentLoading', el => el.length === 0);
+    });
+
+    afterAll(() => {
+      jest.clearAllMocks();
+      wrapper.unmount();
+    });
+
+    test('should initially display primary form fields', () => {
+      expect(wrapper.find('FormGroup[label="Name"]')).toHaveLength(1);
+      expect(wrapper.find('FormGroup[label="Description"]')).toHaveLength(1);
+      expect(wrapper.find('FormGroup[label="Source"]')).toHaveLength(1);
+      expect(
+        wrapper.find('FormGroup[label="Ansible Environment"]')
+      ).toHaveLength(1);
+    });
+
+    test('should display subform when source dropdown has a value', async () => {
+      await act(async () => {
+        wrapper.find('AnsibleSelect#source').prop('onChange')(null, 'scm');
+      });
+      wrapper.update();
+      expect(wrapper.find('Title').text()).toBe('Source details');
+    });
+
+    test('should show field error when form is invalid', async () => {
+      expect(onSubmit).not.toHaveBeenCalled();
+      await act(async () => {
+        wrapper.find('CredentialLookup').invoke('onChange')({
+          id: 1,
+          name: 'mock cred',
+        });
+        wrapper.find('ProjectLookup').invoke('onChange')({
+          id: 2,
+          name: 'mock proj',
+        });
+        wrapper.find('AnsibleSelect#source_path').prop('onChange')(null, 'foo');
+        wrapper.find('AnsibleSelect#verbosity').prop('onChange')(null, '2');
+        wrapper.find('button[aria-label="Save"]').simulate('click');
+      });
+      wrapper.update();
+      expect(wrapper.find('FormGroup[label="Name"] .pf-m-error')).toHaveLength(
+        1
+      );
+      expect(onSubmit).not.toHaveBeenCalled();
+    });
+
+    test('should call onSubmit when Save button is clicked', async () => {
+      expect(onSubmit).not.toHaveBeenCalled();
+      wrapper.find('input#name').simulate('change', {
+        target: { value: 'new foo', name: 'name' },
+      });
+      await act(async () => {
+        wrapper.find('button[aria-label="Save"]').simulate('click');
+      });
+      wrapper.update();
+      expect(onSubmit).toHaveBeenCalled();
+    });
+  });
+
+  test('should display ContentError on throw', async () => {
+    InventorySourcesAPI.readOptions.mockImplementationOnce(() =>
+      Promise.reject(new Error())
+    );
+    await act(async () => {
+      wrapper = mountWithContexts(
+        <InventorySourceForm onCancel={() => {}} onSubmit={() => {}} />
+      );
+    });
+    await waitForElement(wrapper, 'ContentLoading', el => el.length === 0);
+    expect(wrapper.find('ContentError').length).toBe(1);
+  });
+
+  test('calls "onCancel" when Cancel button is clicked', async () => {
+    const onCancel = jest.fn();
+    await act(async () => {
+      wrapper = mountWithContexts(
+        <InventorySourceForm onCancel={onCancel} onSubmit={() => {}} />
+      );
+    });
+    await waitForElement(wrapper, 'ContentLoading', el => el.length === 0);
+    expect(onCancel).not.toHaveBeenCalled();
+    wrapper.find('button[aria-label="Cancel"]').prop('onClick')();
+    expect(onCancel).toBeCalled();
+  });
+});
diff --git a/awx/ui_next/src/screens/Inventory/shared/InventorySourceSubForms/SCMSubForm.jsx b/awx/ui_next/src/screens/Inventory/shared/InventorySourceSubForms/SCMSubForm.jsx
new file mode 100644
index 0000000000..5160c31de4
--- /dev/null
+++ b/awx/ui_next/src/screens/Inventory/shared/InventorySourceSubForms/SCMSubForm.jsx
@@ -0,0 +1,108 @@
+import React, { useCallback } from 'react';
+import { useField } from 'formik';
+import { withI18n } from '@lingui/react';
+import { t } from '@lingui/macro';
+import { ProjectsAPI } from '@api';
+import useRequest from '@util/useRequest';
+import { required } from '@util/validators';
+
+import { FormGroup } from '@patternfly/react-core';
+import AnsibleSelect from '@components/AnsibleSelect';
+import { FieldTooltip } from '@components/FormField';
+import CredentialLookup from '@components/Lookup/CredentialLookup';
+import ProjectLookup from '@components/Lookup/ProjectLookup';
+import { VerbosityField, OptionsField, SourceVarsField } from './SharedFields';
+
+const SCMSubForm = ({ i18n }) => {
+  const [credentialField, , credentialHelpers] = useField('credential');
+  const [projectField, projectMeta, projectHelpers] = useField({
+    name: 'source_project',
+    validate: required(i18n._(t`Select a value for this field`), i18n),
+  });
+  const [sourcePathField, sourcePathMeta, sourcePathHelpers] = useField({
+    name: 'source_path',
+    validate: required(i18n._(t`Select a value for this field`), i18n),
+  });
+
+  const {
+    error: sourcePathError,
+    request: fetchSourcePath,
+    result: sourcePath,
+  } = useRequest(
+    useCallback(async projectId => {
+      const { data } = await ProjectsAPI.readInventories(projectId);
+      data.push('/ (project root)');
+      return data;
+    }, []),
+    []
+  );
+
+  const handleProjectUpdate = useCallback(
+    value => {
+      projectHelpers.setValue(value);
+      fetchSourcePath(value.id);
+      sourcePathHelpers.setValue('');
+    },
+    [] // eslint-disable-line react-hooks/exhaustive-deps
+  );
+
+  return (
+    <>
+      <CredentialLookup
+        credentialTypeKind="cloud"
+        label={i18n._(t`Credential`)}
+        value={credentialField.value}
+        onChange={value => {
+          credentialHelpers.setValue(value);
+        }}
+      />
+      <ProjectLookup
+        value={projectField.value}
+        isValid={!projectMeta.touched || !projectMeta.error}
+        helperTextInvalid={projectMeta.error}
+        onBlur={() => projectHelpers.setTouched()}
+        onChange={handleProjectUpdate}
+        required
+      />
+      <FormGroup
+        fieldId="source_path"
+        helperTextInvalid={sourcePathError?.message || sourcePathMeta.error}
+        isValid={
+          !sourcePathError?.message ||
+          !sourcePathMeta.error ||
+          !sourcePathMeta.touched
+        }
+        isRequired
+        label={i18n._(t`Inventory file`)}
+      >
+        <FieldTooltip
+          content={i18n._(t`Select the inventory file
+          to be synced by this source. You can select from
+          the dropdown or enter a file within the input.`)}
+        />
+        <AnsibleSelect
+          {...sourcePathField}
+          id="source_path"
+          isValid={!sourcePathMeta.touched || !sourcePathMeta.error}
+          data={[
+            {
+              value: '',
+              key: '',
+              label: i18n._(t`Choose an inventory file`),
+              isDisabled: true,
+            },
+            ...sourcePath.map(value => ({ value, label: value, key: value })),
+          ]}
+          onChange={(event, value) => {
+            sourcePathHelpers.setValue(value);
+          }}
+        />
+      </FormGroup>
+      <VerbosityField />
+      <OptionsField />
+      <SourceVarsField />
+    </>
+  );
+};
+
+export default withI18n()(SCMSubForm);
diff --git a/awx/ui_next/src/screens/Inventory/shared/InventorySourceSubForms/SCMSubForm.test.jsx b/awx/ui_next/src/screens/Inventory/shared/InventorySourceSubForms/SCMSubForm.test.jsx
new file mode 100644
index 0000000000..ad4d71aaf3
--- /dev/null
+++ b/awx/ui_next/src/screens/Inventory/shared/InventorySourceSubForms/SCMSubForm.test.jsx
@@ -0,0 +1,68 @@
+import React from 'react';
+import { act } from 'react-dom/test-utils';
+import { mountWithContexts } from '@testUtils/enzymeHelpers';
+import { Formik } from 'formik';
+import SCMSubForm from './SCMSubForm';
+import { ProjectsAPI } from '@api';
+
+jest.mock('@api/models/Projects');
+
+const initialValues = {
+  credential: null,
+  custom_virtualenv: '',
+  overwrite: false,
+  overwrite_vars: false,
+  source_path: '',
+  source_project: null,
+  source_vars: '---\n',
+  update_cache_timeout: 0,
+  update_on_launch: false,
+  update_on_project_update: false,
+  verbosity: 1,
+};
+
+describe('<SCMSubForm />', () => {
+  let wrapper;
+
+  ProjectsAPI.readInventories.mockResolvedValue({
+    data: ['foo'],
+  });
+
+  beforeAll(async () => {
+    await act(async () => {
+      wrapper = mountWithContexts(
+        <Formik initialValues={initialValues}>
+          <SCMSubForm />
+        </Formik>
+      );
+    });
+  });
+
+  afterAll(() => {
+    jest.clearAllMocks();
+    wrapper.unmount();
+  });
+
+  test('should render subform fields', () => {
+    expect(wrapper.find('FormGroup[label="Credential"]')).toHaveLength(1);
+    expect(wrapper.find('FormGroup[label="Project"]')).toHaveLength(1);
+    expect(wrapper.find('FormGroup[label="Inventory file"]')).toHaveLength(1);
+    expect(wrapper.find('FormGroup[label="Verbosity"]')).toHaveLength(1);
+    expect(wrapper.find('FormGroup[label="Update options"]')).toHaveLength(1);
+    expect(
+      wrapper.find('VariablesField[label="Environment variables"]')
+    ).toHaveLength(1);
+  });
+
+  test('project lookup should fetch project source path list', async () => {
+    expect(ProjectsAPI.readInventories).not.toHaveBeenCalled();
+    await act(async () => {
+      wrapper.find('ProjectLookup').invoke('onChange')({
+        id: 2,
+        name: 'mock proj',
+      });
+      wrapper.find('ProjectLookup').invoke('onBlur')();
+    });
+    expect(ProjectsAPI.readInventories).toHaveBeenCalledWith(2);
+  });
+});
diff --git a/awx/ui_next/src/screens/Inventory/shared/InventorySourceSubForms/SharedFields.jsx b/awx/ui_next/src/screens/Inventory/shared/InventorySourceSubForms/SharedFields.jsx
new file mode 100644
index 0000000000..a0285f51c0
--- /dev/null
+++ b/awx/ui_next/src/screens/Inventory/shared/InventorySourceSubForms/SharedFields.jsx
@@ -0,0 +1,121 @@
+import React from 'react';
+import { withI18n } from '@lingui/react';
+import { t } from '@lingui/macro';
+import { useField } from 'formik';
+import { FormGroup } from '@patternfly/react-core';
+import AnsibleSelect from '@components/AnsibleSelect';
+import { VariablesField } from '@components/CodeMirrorInput';
+import FormField, { CheckboxField, FieldTooltip } from '@components/FormField';
+import {
+  FormFullWidthLayout,
+  FormCheckboxLayout,
+} from '@components/FormLayout';
+
+export const SourceVarsField = withI18n()(({ i18n }) => (
+  <FormFullWidthLayout>
+    <VariablesField
+      id="source_vars"
+      name="source_vars"
+      label={i18n._(t`Environment variables`)}
+    />
+  </FormFullWidthLayout>
+));
+
+export const VerbosityField = withI18n()(({ i18n }) => {
+  const [field, meta, helpers] = useField('verbosity');
+  const isValid = !(meta.touched && meta.error);
+  const options = [
+    { value: '0', key: '0', label: i18n._(t`0 (Warning)`) },
+    { value: '1', key: '1', label: i18n._(t`1 (Info)`) },
+    { value: '2', key: '2', label: i18n._(t`2 (Debug)`) },
+  ];
+  return (
+    <FormGroup
+      fieldId="verbosity"
+      isValid={isValid}
+      label={i18n._(t`Verbosity`)}
+    >
+      <FieldTooltip
+        content={i18n._(t`Control the level of output ansible
+        will produce for inventory source update jobs.`)}
+      />
+      <AnsibleSelect
+        id="verbosity"
+        data={options}
+        {...field}
+        onChange={(event, value) => helpers.setValue(value)}
+      />
+    </FormGroup>
+  );
+});
+
+export const OptionsField = withI18n()(({ i18n }) => {
+  const [updateOnLaunchField] = useField('update_on_launch');
+  return (
+    <>
+      <FormFullWidthLayout>
+        <FormGroup
+          fieldId="option-checkboxes"
+          label={i18n._(t`Update options`)}
+        >
+          <FormCheckboxLayout>
+            <CheckboxField
+              id="overwrite"
+              name="overwrite"
+              label={i18n._(t`Overwrite`)}
+              tooltip={i18n._(t`If checked, any hosts and groups that were
+            previously present on the external source but are now removed
+            will be removed from the Tower inventory. Hosts and groups
+            that were not managed by the inventory source will be promoted
+            to the next manually created group or if there is no manually
+            created group to promote them into, they will be left in the "all"
+            default group for the inventory. When not checked, local child
+            hosts and groups not found on the external source will remain
+            untouched by the inventory update process.`)}
+            />
+            <CheckboxField
+              id="overwrite_vars"
+              name="overwrite_vars"
+              label={i18n._(t`Overwrite variables`)}
+              tooltip={i18n._(t`If checked, all variables for child groups and hosts
+            will be removed and replaced by those found on the external source.
+            When not checked, a merge will be performed, combining local
+            variables with those found on the external source.`)}
+            />
+            <CheckboxField
+              id="update_on_launch"
+              name="update_on_launch"
+              label={i18n._(t`Update on launch`)}
+              tooltip={i18n._(t`Each time a job runs using this inventory,
+            refresh the inventory from the selected source before
+            executing job tasks.`)}
+            />
+            <CheckboxField
+              id="update_on_project_update"
+              name="update_on_project_update"
+              label={i18n._(t`Update on project update`)}
+              tooltip={i18n._(t`After every project update where the SCM revision
+            changes, refresh the inventory from the selected source
+            before executing job tasks. This is intended for static content,
+            like the Ansible inventory .ini file format.`)}
+            />
+          </FormCheckboxLayout>
+        </FormGroup>
+      </FormFullWidthLayout>
+      {updateOnLaunchField.value && (
+        <FormField
+          id="cache-timeout"
+          name="update_cache_timeout"
+          type="number"
+          min="0"
+          label={i18n._(t`Cache timeout (seconds)`)}
+          tooltip={i18n._(t`Time in seconds to consider an inventory sync
+              to be current. During job runs and callbacks the task system will
+              evaluate the timestamp of the latest sync. If it is older than
+              Cache Timeout, it is not considered current, and a new
+              inventory sync will be performed.`)}
+        />
+      )}
+    </>
+  );
+});
diff --git a/awx/ui_next/src/screens/Inventory/shared/InventorySourceSubForms/index.js b/awx/ui_next/src/screens/Inventory/shared/InventorySourceSubForms/index.js
new file mode 100644
index 0000000000..79640d3a4f
--- /dev/null
+++ b/awx/ui_next/src/screens/Inventory/shared/InventorySourceSubForms/index.js
@@ -0,0 +1 @@
+export { default } from './SCMSubForm';