Inventory Management

About Course

Inventory management program is designed to meet the skills desired in managing complex and scientific methods to meet the right quality, right quantity of supplies at right time. Having good inventory control and adopting sound methods of inventory replenishment and disposal will improve the efficiency of the organization.

Who needs this qualification?

This program is aimed at Fresh Graduates, SCM practitioners, Entrepreneurs and Professionals seeking International Certification in industry. Best practices and skills are needed for sound inventory control techniques with advanced concepts in inventory management.

Prospective Job Roles

Inventory Manager
Inventory Analyst
SCM Analyst
Inventory Controller

Course Content

Introduction - Definitions
Material handling
Types of Inventory
Concepts in Inventory Management
Cost of Inventory
Stock Counting and Valuation
Inventory Replenishment – formulae for max, min and reorder level
Inventory Forecasting
Optimum Inventory Levels – EOQ
Inventory Control & Analysis
Inventory Classifications

Course Duration & Mode of Course Delivery

Course Duration: 15 hrs
Mode of Delivery: Classroom & Web based Training

Assessment & Certification

The assessment will happen in 2 steps:
1. Objective Test : Max. Marks 100 = > Passing Marks 45%
2. Project Submission : Max. Marks 100 = > Passing Marks 50%

The candidate has the option to get the Certification from the below listed International bodies:
National Institute of Business Management, USA
http://nibm.us/