Inventory Management Training and Certification
Course Overview
- Course Rating 4.6/5
Overview
Inventory Management is the skill to manage the storage of goods in stock as per the demand and supply in a business.
refer: Wikipedia
The Inventory Management and Warehousing Training focuses on the management in the balance of demand and supply along with coping with the forward and reverse flows in the supply chain..
Inventory Management corporate training and certification oriented remote program aims to upskill you with Control the Inventory Management, Improve Business Operations, Fundamentals of Inventory Management, Essential Analysis, Calculation and Optimisation
Currently due to Covid19 outbreak, the course is available remote and however it can also be accessed online via your nearby Prog360 centre based on local availability.
Course Prerequisites
This Course is for Supply Chain Managers, Logistic Managers, Purchasing or Procurement Specialists, Business Owners and Operation Managers
Course Content
- Introduction
- What is Inventory Management?
- Importance of Inventory Management
- What comes under Inventory?
- Types of Inventory
- Why is Inventory Needed?
- How to Calculate Cost of Inventory
- Financial View
- Operational Costs
- Scottish Whisky SCM Case Study
- How to Measure Performance?
- Inventory Metrics
- Business Perspective on Inventory Performance
- Inventory Turns
- Control Charts
- Other Metrics
- ABC Analysis : Runners, Repeaters and Strangers
- Independant vs Dependent Demand
- Bill of Material and Material Requirement Planning
- Concepts of Inventory Dynamics
- Introduction to Economic Order Quantity
- Examples of EOQ
- Senstivity and Limitations
- Batch Sizes and WIP
- Economic Batch Quantity (EBQ)
- Price Break Model of EOQ
- Introduction to Order Timing and Inventory Control
- When to Order?
- Tracking System
- Passive Inventory Control
- Inventory Position
- Safety Stock Calculation
- Normal Distributions
- Standard Deviation
- Choosing Service Level
- Vendor Managed Inventory
- Case Study Examples
- Prog360 Assessment
- Prog360 Certification
Inventory Management Certifications
Inventory Management course delivery involves case studies, examples, discussions and exercises to enhance the learning experience.
At the end of the training the participants will be awarded Course Completion Certificates on Inventory Management.
Post Course Evaluation
You may chose to enroll for a post course evaluation to analyse your knowledge metrics. The post course evaluation would cover the topics related to the training delivered over the period of the complete session, like:
- Types of Inventory
- Why is Inventory Needed?
- How to Calculate Cost of Inventory
- How to Measure Performance?
- ABC Analysis : Runners, Repeaters and Strangers
- Independant vs Dependent Demand
- Bill of Material and Material Requirement Planning
- Concepts of Inventory Dynamics
- Introduction to Economic Order Quantity
- Price Break Model of EOQ
- Introduction to Order Timing and Inventory Control
- Safety Stock Calculation
- Calculate Cost of Inventory
- Measuring Performance?
- ABC Analysis : Runners, Repeaters and Strangers
- Independant vs Dependent Demand
- Bill of Material and Material Requirement Planning
- Concepts of Inventory Dynamics
- Economic Order Quantity
- Price Break Model of EOQ
- Order Timing and Inventory Control
Inventory Management Corporate Training
Prog360 offers on-demand corporate learning and development solutions around Inventory Management that can be delivered both onsite and remote (based on availability). With Prog360, you can train your employees with our 360 Approach which not only enhance professional skills but also improvise inter-personal development. Please feel free to inquire further. We are open to discuss your requirement to provide you more customized solution specific to your needs. We will evaluate the skillset, analyze the business requirement and post that provide customized training solutions as per your business needs. Our corporate team for Inventory Management training is based across the globe hence you can reach us nearby your region as well. For general training inquiries you can contact us at training@prog360.com.
Inventory Management Consultation
If you have already up-skilled your team and have started implementing Inventory Management, but are still facing challenges, Prog360 can still help you. Our SMEs can get on a call with you to understand the situation and provide you a plan involving the next steps covering both audit and implementation based on your problem statement. Our corporate team for Inventory Management consultation is based across the globe hence you can reach us nearby your region as well. For general consultation inquiries you can contact us at consult@prog360.com . For more nearby inquiries you can reach your nearby team.
South East Asia and Oceania
Oceania: Melbourne, Australia: 152 Elizabeth St,Melbourne,VIC,Melbourne,
Corporate Training: training.au@prog360.com
Consulting Services: consult.au@prog360.com
South East Asia: Singapore: 5, Temasek Boulevard, Singapore, Central Region, 03898, Singapore
Corporate Training: training.sg@prog360.com
Consulting Services: consult.sg@prog360.com
Contact Number :- +61 3 9015 4952
South Asia and Middle East
South Asia: Bengaluru, India: No. 78, Next to KR Puram Tin Factory, Old Madras Road, Bangalore – Mahadevapura, Bengaluru, Karnataka, 560016
Corporate Training: training.southasia@prog360.com
Consulting Services: consult.southasia@prog360.com
Middle East:- Dubai, UAE: The Offices 4, One Central Dubai World Trade Center, Dubai, Dubai, 00000, UAE
Corporate Training: training.ae@prog360.com
Consulting Services: consult.ae@prog360.com
Contact Number :- +91 9810 643 989