Inventory Management Online Training

The Inventory Management Online Training is an in-depth and structured program designed to provide learners with the skills and knowledge required to manage inventory effectively. The course focuses on real-world techniques for optimizing stock levels, minimizing costs, improving warehouse efficiency, and utilizing modern inventory tools and methods. Whether in retail, manufacturing, or logistics, mastering inventory management is essential for maintaining smooth business operations.

This training covers all critical components, including inventory forecasting, warehouse storage, purchasing strategies, cost analysis, and vendor-managed inventory (VMI). Learners will understand inventory accounting principles and learn how to generate and interpret key inventory reports to make data-driven decisions that drive profitability.

Learning Outcomes

1. Understand inventory functions and essential stock control techniques.
2. Forecast inventory demand using effective analysis tools.
3. Manage purchasing, supplier relationships, and order quantities.
4. Implement storage systems and optimize warehouse operations.
5. Analyze inventory costs and create performance reports.
6. Use accounting tools and VMI systems for better inventory control.

Course Link : Inventory Management Online Training

Course Curriculum

• Module 01: Introduction to Inventory ManagementLearn the basics, importance, and goals of effective inventory control.
• Module 02: Function of Inventory and Inventory DecisionsUnderstand inventory roles and strategic decision-making processes.
• Module 03: Inventory ForecastingExplore forecasting techniques to anticipate inventory needs accurately.
• Module 04: Purchasing InventoryDiscover inventory procurement strategies and supplier relationship management.
• Module 05: Warehouse Management and Inventory StorageLearn best practices for organizing and storing inventory efficiently.
• Module 06: Inventory CostUnderstand carrying, ordering, shortage, and hidden inventory costs.
• Module 07: Inventory AnalysisUse analysis tools like ABC classification and EOQ for optimization.
• Module 08: Inventory ReportCreate and analyze reports to monitor inventory performance and flow.
• Module 09: Inventory Management Techniques and Vendor-Managed Inventory (VMI)Implement JIT, VMI, consignment, and automated replenishment strategies.
• Module 10: Inventory Accounting & Inventory Management ToolsExplore accounting methods and software tools for inventory tracking.

Disclaimer:

This is an online course with pre-recorded lessons. You will get access to the course within 48 hours after your enrolment.