Inventory Management: The Nuts and Bolts

Course details

No business can survive long without an active program of controls over the parts and materials which are used in producing or distributing goods and services of the firm. Like many other things that depend on human interpretation, “control” means different things to different individuals.

This Inventory Management: The Nuts and Bolts course will provide you with a solid understanding of the definition of inventory, types of inventory, key players, setting up a warehouse, warehouse inventory cycle, identifying demand, the receiving process, validating inventory, the put-away process, maintain inventory, the outbound process, and industry trends and so on.

Throughout this Inventory Management: The Nuts and Bolts course, you will learn to identify the objectives of inventory management and measure your process against these goals and the parts of the inventory cycle along with calculating safety stock, reorder points, and order quantities. The course is designed to help you to understand terms that are frequently used in warehouse management as well as to evaluate inventory management systems and to offer you better guidance to maintain inventory accuracy. Overall, this course will discuss all aspects of inventory management, including standard terms, the inventory cycle, how to manage inventory accuracy, and what some of the latest trends are.

Why Choose Skill Express

• Instantly accessible CPD Accredited certificate on successful course completion
• 24/7 access to the course for a lifetime
• Free E-Certificate after course completion
• Developed by qualified professionals with updated resources
• Full Tutor support on weekdays (Monday - Friday)
• No hidden fees or exam charges

Course Curriculum
We have divided the Inventory Management: The Nuts and Bolts Course into Thirteen user-friendly modules

Module 01: What is Inventory?

Module 02: Types of Inventory

Module 03: Key Players

Module 04: Setting up the Warehouse

Module 05: What Makes a Good Inventory Management System?

Module 06: The Warehouse Inventory Cycle

Module 07: Identifying Demand

Module 08: The Receiving Process

Module 09: Validating Inventory

Module 10: The Put-Away Process

Module 11: Maintaining Inventory Accuracy

Module 12: The Outbound Process

Module 13: Industry Trends


Certification of Inventory Management: The Nuts and Bolts

After completing the course successfully, the learner will immediately receive an E-Certificate which will be completely free of cost. Also, you can have your printed certificate delivered by post. Although there is no expiry date on the certificate, we do recommend our learners renew the certificate every twelve months.

Assessment

After completing the course successfully, you will be required to pass an automated, multiple-choice questions test which will give you instant results once you finish the exam. And you can get all of these in a one-time payment!
  Updated on 16 February, 2021