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Master the art of Inventory Management! Learn Little’s Law, control costs, optimize order timing, and implement advanced strategies. Enrol now to excel!

Are you looking to enhance your Inventory Management skills? If yes, then you have come to the right place. Our comprehensive course on Inventory Management will assist you in producing the best possible outcome by mastering the Inventory Management skills. The Inventory Management course is for those who want to be successful. In the Inventory Management course, you will learn the essential knowledge needed to become well versed in Inventory Management. Our Inventory Management course starts with the basics of Inventory Management and gradually progresses towards advanced topics. Therefore, each lesson of this Inventory Management course is intuitive and easy to understand. Why would you choose the Inventory Management course from Compliance Central: Lifetime access to Inventory Management course materials Full tutor support is available from Monday to Friday with the Inventory Management course Learn Inventory Management skills at your own pace from the comfort of your home Gain a complete understanding of Inventory Management course Accessible, informative Inventory Management learning modules designed by experts Get 24/7 help or advice from our email and live chat teams with the Inventory Management Study Inventory Management in your own time through your computer, tablet or mobile device A 100% learning satisfaction guarantee with your Inventory Management Course Inventory Management Curriculum Breakdown of the Inventory Management Course Module 01 - What Is Inventory? Module 02 - Types Of Inventory Module 03 - Key Players Module 04 - Setting Up The Warehouse Module 05 - Identifying Demand Module 06 - Maintaining Inventory Accuracy Module 07 - The Outbound Process CPD 10 CPD hours / points Accredited by CPD Quality Standards Who is this course for? The Inventory Management course helps aspiring professionals who want to obtain the knowledge and familiarise themselves with the skillsets to pursue a career in Inventory Management. It is also great for professionals who are already working in Inventory Management and want to get promoted at work. Requirements To enrol in this Inventory Management course, all you need is a basic understanding of the English Language and an internet connection. Career path The Inventory Management course will enhance your knowledge and improve your confidence in exploring opportunities in various sectors related to Inventory Management. Inventory Manager: £25,000 to £50,000 per year Supply Chain Analyst: £25,000 to £40,000 per year Warehouse Operations Supervisor: £22,000 to £35,000 per year Purchasing Coordinator: £20,000 to £35,000 per year Certificates CPD Accredited PDF Certificate Digital certificate - Included CPD Accredited PDF Certificate CPD Accredited Hard Copy Certificate Hard copy certificate - £10.79 CPD Accredited Hard Copy Certificate Delivery Charge: Inside the UK: Free Outside of the UK: £9.99 each

In the fast-paced world of business, mastering Inventory Management is like holding the keys to a smoother, more efficient kingdom. Imagine a world where you understand the ins and outs of warehouses, making everything tick like clockwork. From grasping the basics to becoming a wizard with technology, each lesson adds a new tool to your belt. It's not just a course; it's your shortcut to a more impactful, less stressful career.   Ever felt the frustration of things not being where they should be in the warehouse? That's where Inventory Management swoops in like a superhero. Learn the secrets of organising inventory, embracing technology, and becoming a safety champion. Picture yourself as the go-to person for efficient warehouse operations. This course isn't just theory; it's your manual for turning chaos into order. The impact? You'll be the hero in your workplace, making things run seamlessly and boosting your career to new heights.   Why settle for a job when you can have a thriving career? This Inventory Management course isn't just about certificates; it's about gaining skills that bosses notice. Stand out in the crowd by mastering supply chain intricacies and cost-effective strategies. It's not just about salary figures; it's about unlocking doors to new job titles and opportunities. Elevate your career with each lesson, and soon, you'll be the one others look up to for guidance in the fascinating world of warehouse mastery.   Learning Outcomes Understand the fundamental principles and functions of effective warehouse management. Recognise the benefits and various types of warehousing in supply chains. Demonstrate knowledge of core functions within a Warehouse Management System. Address and overcome challenges commonly faced in warehouse management. Evaluate the role of technology in enhancing warehouse operations and efficiency. Apply inventory management techniques to optimise stock levels and order fulfilment. Comprehend the flow of processing in inventory control for efficient supply chains. Identify and classify inventory, improving organisation and accessibility in the warehouse. Assess the role of human resource management in maintaining a productive warehouse. Implement safety measures and cost-effective strategies to enhance warehouse efficiency.   Who is this course for  Warehouse professionals and supervisors aiming to enhance their management skills. Supply chain managers seeking a comprehensive understanding of inventory control. Business owners and managers looking to optimize warehouse operations and costs. Students and recent graduates aspiring to enter the logistics and supply chain industry. Professionals in related fields aiming to broaden their knowledge in warehouse management.   Why Choose This Course Unlimited access to the course for a lifetime. Opportunity to earn a certificate accredited by the CPD Quality Standards and CIQ after completing this course. Structured lesson planning in line with industry standards. Immerse yourself in innovative and captivating course materials and activities. Assessments designed to evaluate advanced cognitive abilities and skill proficiency. Flexibility to complete the Course at your own pace, on your own schedule. Receive full tutor support throughout the week, from Monday to Friday, to enhance your learning experience. Unlock career resources for CV improvement, interview readiness, and job success.   Career Path Warehouse Supervisor: £25,000 - £35,000 annually Supply Chain Manager: £35,000 - £60,000 annually Logistics Coordinator: £22,000 - £32,000 annually Inventory Control Analyst: £25,000 - £40,000 annually Operations Manager (Logistics): £40,000 - £70,000 annually   Prerequisites This Inventory Management course, designed by professionals, is compatible with PCs, Macs, tablets, and smartphones. Accessible from any location with a reliable internet connection, it offers flexibility for learners to engage in the course at their convenience.   Certification Upon completion of the Inventory Management course, a multiple-choice test assesses your understanding. Upon successful completion, you can obtain a PDF certificate for £4.99. For those preferring a hard copy, original certificates can be ordered for an additional cost of £8.   Course Curriculum Inventory Management Fundamentals of Warehouse Management 00:30:00 Warehousing: Function, Benefits and Types of Warehousing 00:30:00 Core Functions Of A Warehouse Management System 00:15:00 Challenges Of Warehouse Management 00:30:00 Technology In The Warehouse 00:45:00 Supply Chain Management Concepts 00:30:00 Warehouse Management Technologies to Adopt 00:15:00 Order Picking in the Warehouse 00:18:00 Managing Warehouse Inventory 00:15:00 Organize the Storage of Inventory in a Warehouse 00:15:00 Inventory Management Techniques 00:30:00 Inventory Control Flow of Processing 01:00:00 Logistics and Supply Chain In A Warehouse 00:30:00 Inventory Classification In The Warehouse 00:15:00 The Role Of Human Resource management In A Warehouse 00:30:00 Warehouse Safety 00:30:00 Warehouse Cost Management 00:15:00 Improve Warehouse Efficiency and Reduce Costs 00:15:00 Mock Exam Mock Exam- Inventory Management 00:20:00 Final Exam Final Exam- Inventory Management 00:20:00

About Course Inventory Management Course to optimize your Purchasing, Logistics, EOQ and Safety Stock What Is Inventory Management? Inventory management refers to the process of ordering, storing, using, and selling a company's inventory. This includes the management of raw materials, components, and finished products, as well as warehousing and processing of such items. There are different types of inventory management, each with its pros and cons, depending on a company's needs.What is Discussed in the course Welcome to our comprehensive online course on Inventory Management. This step a crucial cog in the wheel of any company's supply chain process. This course provides a deep dive into the multifaceted aspects of inventory management and control. Initially, you will learn about various factors that shape inventory management. Afterwards, you will explore an array of tools and techniques to optimize costs. Finally, you will gain insight into forecasting and planning strategies. You will explore modern inventory systems and technologies, learning the differences between centralized and decentralized control of inventory. As we delve deeper, you'll encounter warehouse management, layout optimization, and warehouse management systems to further enhance your understanding of the supply chain. This course concludes with a comprehensive look at supply chain management, incorporating all the knowledge you've gained throughout.Learning Outcomes Have a full understanding of the role and key objectives of the Inventory Manager Be able to categorise Stock Keeping Units (SKUs) / parts effectively to prioritise their activity Recognise that suppliers and supplier relationships are critical to success and to understand what they require from suppliers to optimise their position Gain a total overview of Inventory Management for your Manufacturing or Service business The goal of this course is to arm you with the knowledge and tools needed to optimize your inventory performance. This course will equip inventory and warehouse managers, and anyone involved in the supply chain process, with the skills necessary to control the flow of goods effectively and efficiently in their organization. Take your first step towards mastering inventory management and join us on this journey. Throughout this course, you will explore the factors that influence inventory management within your organization. You will gain a deep understanding of various inventory management tools and techniques aimed at minimizing costs and achieving service levels aligned with your organization's mission, vision, and goals.Supply Chain Professionals: Elevate Your Inventory Management Game Starting with an analysis of historical demand, you will learn to distinguish between independent and dependent demand for goods or services. Leveraging this analysis, you will forecast both independent and dependent demand for inventory items, enabling you to calculate the optimal inventory level that minimizes overall inventory costs while establishing reorder points to meet desired service levels. In addition to forecasting and planning, this course covers other vital aspects of inventory management. You will explore inventory systems and technologies, warehouse management and layout optimization, just-in-time management, and warehouse management systems. Furthermore, you will gain insights into supply chain management and the challenges associated with inventory control. Whether you are a warehouse manager, stockroom manager, or involved in supply chain management, this course provides a comprehensive understanding of inventory management principles and practices. Join us to enhance your knowledge, streamline operations, and achieve high stock availability while minimizing stock value. Enroll now and embark on your journey to become an effective inventory manager! What Will You Learn? Have a full understanding of the role and key objectives of the Inventory Manager Be able to categorise Stock Keeping Units (SKUs) / parts effectively to prioritise their activity Recognise that suppliers and supplier relationships are critical to success and to understand what they require from suppliers to optimise their position Gain a total overview of Inventory Management for your Manufacturing or Service business Course Content Introduction to Inventory Management Introduction to Inventory Management Types of Inventory System Types of Inventory System Inventory Forecasting & Cost Inventory Forecasting & Cost Inventory Valuation Inventory Reorder Points and Safety Stock Inventory Reorder Points and Safety Stock Inventory Planning & Managing Inventory Planning & Managing Just-in-time Management Just-in-time Management Inventory Systems and Technologies Inventory Systems and Technologies Warehouse Management and Layout Optimization Warehouse Management and Layout Optimization Warehouse Management System Warehouse Management System Supply Chain Management and Vendor Relations Supply Chain Management Vendor Relations Conclusion Career Development: Job Searching, Resume/CV, Cover Letters A course by Xpert Learning RequirementsBasic understanding of business operations and supply chain concepts Audience Anyone involved in Supply Chain, Inventory Management and finance who has an interest in the management and movement of stock, categorisation of products / Stock Keeping Units (SKUs) and ensuring optimum availability (Service Levels) whilst minimisng stock levels. Supply Chain Managers Audience Anyone involved in Supply Chain, Inventory Management and finance who has an interest in the management and movement of stock, categorisation of products / Stock Keeping Units (SKUs) and ensuring optimum availability (Service Levels) whilst minimisng stock levels. Supply Chain Managers

Inventory management is all about taking and maintaining control over what can often be an incredibly complex and expansive inventory - all of which plays a direct role in the day-to-day operations of the respective business.  Through the Inventory Management you will gain a comprehensive review of stock management, how to control the movement and storage of materials within the store and process the associated transactions, including shipping, receiving, put away, and picking and much more. Why choose this course Earn an e-certificate upon successful completion. Accessible, informative modules taught by expert instructors Study in your own time, at your own pace, through your computer tablet or mobile device Benefit from instant feedback through mock exams and multiple-choice assessments Get 24/7 help or advice from our email and live chat teams Full Tutor Support on Weekdays Course Design The course is delivered through our online learning platform, accessible through any internet-connected device. There are no formal deadlines or teaching schedules, meaning you are free to study the course at your own pace. You are taught through a combination of Video lessons Online study materials Mock exams Multiple-choice assessment Certificate of Achievement Endorsed Certificate of Achievement from the Quality Licence Scheme Once the course has been completed and the assessment has been passed, all students are entitled to receive an endorsed certificate. This will provide proof that you have completed your training objectives, and each endorsed certificate can be ordered and delivered to your address for only £99. Please note that overseas students may be charged an additional £10 for postage. CPD Certificate of Achievement from Janets Upon successful completion of the course, you will be able to obtain your course completion e-certificate. Print copy by post is also available at an additional cost of £9.99 and PDF Certificate at £4.99. Endorsement This course and/or training programme has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course and/or training programme is not regulated by Ofqual and is not an accredited qualification. Your training provider will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website. Method of Assessment To successfully complete the course, students will have to take an automated multiple-choice exam. This exam will be online and you will need to score 60% or above to pass the course. After successfully passing the exam, you will be able to apply for Quality Licence Scheme endorsed certificate of achievement. To verify your enhanced skills in the subject, we recommend that you also complete the assignment questions. These can be completed at any time which is convenient for yourself and will be assessed by our in-house specialised tutors. Full feedback will then be given on your current performance, along with any further advice or support. Who is this course for? Inventory Management is suitable for anyone who want to gain extensive knowledge, potential experience and expert skills in the related field. This is a great opportunity for all student from any academic backgrounds to learn more on this subject. Course Content Certificate in Inventory Management Course Overview 00:15:00 What is Inventory? 00:30:00 Types of Inventory 00:15:00 Key Players 00:30:00 Setting up the Warehouse 00:15:00 What Makes a Good Inventory Management System? 00:15:00 The Warehouse Inventory Cycle 00:15:00 Identifying Demand 00:15:00 The Receiving Process 00:15:00 Validating Inventory 00:15:00 The Put-Away Process 00:15:00 Maintaining Inventory Accuracy 00:30:00 The Outbound Process 00:30:00 Industry Trends 00:15:00 Mock Exam Mock Exam- Inventory Management 00:20:00 Final Exam Final Exam- Inventory Management 00:20:00 Assignment Assignment - Inventory Management 2 weeks, 1 day Order Your Certificate Order your Certificate QLS 00:00:00 Frequently Asked Questions Are there any prerequisites for taking the course? There are no specific prerequisites for this course, nor are there any formal entry requirements. All you need is an internet connection, a good understanding of English and a passion for learning for this course. Can I access the course at any time, or is there a set schedule? You have the flexibility to access the course at any time that suits your schedule. Our courses are self-paced, allowing you to study at your own pace and convenience. How long will I have access to the course? For this course, you will have access to the course materials for 1 year only. This means you can review the content as often as you like within the year, even after you've completed the course. However, if you buy Lifetime Access for the course, you will be able to access the course for a lifetime. Is there a certificate of completion provided after completing the course? Yes, upon successfully completing the course, you will receive a certificate of completion. This certificate can be a valuable addition to your professional portfolio and can be shared on your various social networks. Can I switch courses or get a refund if I'm not satisfied with the course? We want you to have a positive learning experience. If you're not satisfied with the course, you can request a course transfer or refund within 14 days of the initial purchase. How do I track my progress in the course? Our platform provides tracking tools and progress indicators for each course. You can monitor your progress, completed lessons, and assessments through your learner dashboard for the course. What if I have technical issues or difficulties with the course? If you encounter technical issues or content-related difficulties with the course, our support team is available to assist you. You can reach out to them for prompt resolution.

Join our Inventory Management Training course and discover your hidden skills, setting you on a path to success in this area. Get ready to improve your skills and achieve your biggest goals. The Inventory Management Training course has everything you need to get a great start in this sector. Improving and moving forward is key to getting ahead personally. The Inventory Management Training course is designed to teach you the important stuff quickly and well, helping you to get off to a great start in the field. So, what are you looking for? Enrol now! You will Learn The Following Things: Learn strategies to boost your workplace efficiency. Hone your skills to help you advance your career. Acquire a comprehensive understanding of various topics and tips. Learn in-demand skills that are in high demand among UK employers This course covers the topic you must know to stand against the tough competition. The future is truly yours to seize with this Inventory Management Training. Enrol today and complete the course to achieve a certificate that can change your career forever. Details Perks of Learning with IOMH One-to-one support from a dedicated tutor throughout your course. Study online - whenever and wherever you want. Instant Digital/ PDF certificate 100% money back guarantee 12 months access Process of Evaluation After studying the course, an MCQ exam or assignment will test your skills and knowledge. You have to get a score of 60% to pass the test and get your certificate. Certificate of Achievement Certificate of Completion - Digital/PDF Certificate After completing the Inventory Management Training course, you can order your CPD-accredited Digital/PDF Certificate for £5.99.  Certificate of Completion - Hard copy Certificate You can get the CPD Accredited Hard Copy Certificate for £12.99. (Each) Shipping Charges: Inside the UK: £3.99 International: £10.99 Who Is This Course for? This Inventory Management Training is suitable for anyone aspiring to start a career in relevant field; even if you are new to this and have no prior knowledge, this course is going to be very easy for you to understand.  On the other hand, if you are already working in this sector, this course will be a great source of knowledge for you to improve your existing skills and take them to the next level.  This course has been developed with maximum flexibility and accessibility, making it ideal for people who don't have the time to devote to traditional education. Requirements There is no prerequisite to enrol in this course. You don't need any educational qualification or experience to enrol in the Inventory Management Training course. Do note: you must be at least 16 years old to enrol. Any internet-connected device, such as a computer, tablet, or smartphone, can access this online course. Career Path The certification and skills you get from this Inventory Management Training Course can help you advance your career and gain expertise in several fields, allowing you to apply for high-paying jobs in related sectors. Course Curriculum Module 01: Introduction to Inventory Management Introduction to Inventory Management 00:14:00 Module 02: Function of Inventory and Inventory Decisions Function of Inventory and Inventory Decisions 00:17:00 Module 03: Inventory Forecasting Inventory Forecasting 00:15:00 Module 04: Purchasing Inventory Purchasing Inventory 00:13:00 Module 05: Warehouse Management and Inventory Storage Warehouse Management and Inventory Storage 00:14:00 Module 06: Inventory Cost Inventory Cost 00:16:00 Module 07: Inventory Analysis Inventory Analysis 00:16:00 Module 08: Inventory Report Inventory Report 00:12:00 Module 09: Inventory Management Techniques and Vendor-Managed Inventory (VMI) Inventory Management Techniques and Vendor-Managed Inventory (VMI) 00:15:00 Module 10: Inventory Accounting & Inventory Management Tools Inventory Accounting & Inventory Management Tools 00:12:00

Overview This comprehensive course on Inventory Management Training will deepen your understanding on this topic. After successful completion of this course you can acquire the required skills in this sector. This Inventory Management Training comes with accredited certification from CPD, which will enhance your CV and make you worthy in the job market. So enrol in this course today to fast-track your career ladder. How will I get my certificate? You may have to take a quiz or a written test online during or after the course. After successfully completing the course, you will be eligible for the certificate. Who is This course for? There is no experience or previous qualifications required for enrolment on this Inventory Management Training. It is available to all students, of all academic backgrounds. Requirements Our Inventory Management Training is fully compatible with PC's, Mac's, Laptop, Tablet and Smartphone devices. This course has been designed to be fully compatible with tablets and smartphones so you can access your course on Wi-Fi, 3G or 4G. There is no time limit for completing this course, it can be studied in your own time at your own pace. Career Path Learning this new skill will help you to advance in your career. It will diversify your job options and help you develop new techniques to keep up with the fast-changing world. This skillset will help you to- Open doors of opportunities Increase your adaptability Keep you relevant Boost confidence And much more! Course Curriculum 7 sections • 33 lectures • 04:29:00 total length •Introduction to Inventory Management: 00:04:00 •Introduction to Inventory Management Continues: 00:10:00 •Objective of Inventory Management: 00:11:00 •Level For Inventory: 00:12:00 •Maximum Stock Level: 00:06:00 •Example of Maximum Stock Level: 00:07:00 •Example of Maximum Stock Level Continues: 00:08:00 •Minimum Stock Level: 00:11:00 •Example of Minimum Stock Level: 00:12:00 •Ordering Level: 00:06:00 •Example Ordering Level: 00:08:00 •Danger Or Safety Stock Level: 00:12:00 •Economic Order Quantity: 00:07:00 •Cost Of Inventory: 00:07:00 •Optimal Quantity to Order: 00:08:00 •Optimal Quantity to Order Continues: 00:06:00 •EOQ: 00:07:00 •Example of EOQ: 00:10:00 •Price Discount and EOQ Example: 00:09:00 •Price Discount and EOQ Example Continues: 00:07:00 •EOQ Lead Time: 00:10:00 •ABC Analysis: 00:07:00 •Illustration: 00:06:00 •Procurement Process: 00:07:00 •Procurement Process Continues: 00:07:00 •Pricing Of Stores Receipts: 00:04:00 •Illustration Pricing Of Stores: 00:10:00 •Methods of Inventory Valuations: 00:11:00 •FIFO Inventory Valuation: 00:09:00 •FIFO Inventory Valuation Continues: 00:07:00 •LIFO Inventory Valuation Continues: 00:08:00 •Average Cost Methods: 00:07:00 •Just In Time Inventory: 00:08:00

Gain essential skills in purchasing, procurement, and inventory management with our comprehensive course. Perfect for professionals and students alike, this course covers supply chain basics, procurement strategies, and inventory control techniques to enhance your career prospects in the competitive job market.

Unlock the secrets to efficient inventory management and transform your business operations with our comprehensive training programme. Imagine mastering the art of balancing stock levels, reducing waste, and maximising profits. Our meticulously crafted modules cover every facet of inventory, from understanding the various types to ensuring pinpoint accuracy in your warehouse. This is your opportunity to learn the strategies and techniques that drive success for industry leaders. Key Features: CPD Certified Free Certificate from Reed CIQ Approved Developed by Specialist Lifetime Access Our engaging and detailed course guides you through the essential elements of inventory management. Discover the crucial roles within the supply chain and the best practices for setting up an efficient warehouse. Learn how to predict demand accurately and streamline your outbound processes. This training is designed to equip you with the knowledge and tools you need to elevate your inventory management skills, ensuring your business runs smoother and more profitably. Dive into this transformative learning experience and see the tangible benefits it can bring to your operations. Course Curriculum Module 01: What Is Inventory? Module 02: Types Of Inventory Module 03: Key Players Module 04: Setting Up The Warehouse Module 05: Identifying Demand Module 06: Maintaining Inventory Accuracy Module 07: The Outbound Process Learning Outcomes: Understand the fundamental concepts and importance of inventory. Identify and distinguish between different types of inventory. Recognise key players in the inventory management process. Learn to set up an efficient warehouse system. Determine methods for accurately identifying inventory demand. Master techniques for maintaining inventory accuracy and outbound processes. CPD 10 CPD hours / points Accredited by CPD Quality Standards Inventory Management Training 43:33 1: Module 01: What Is Inventory? 07:56 2: Module 02: Types Of Inventory 02:30 3: Module 03: Key Players 06:50 4: Module 04: Setting Up The Warehouse 05:06 5: Module 05: Identifying Demand 08:06 6: Module 06: Maintaining Inventory Accuracy 05:34 7: Module 07: The Outbound Process 06:31 8: CPD Certificate - Free 01:00 Who is this course for? Aspiring warehouse managers and coordinators. Individuals new to inventory management. Business owners managing stock and supplies. Supply chain enthusiasts seeking foundational knowledge. Retail workers aiming to improve stock control. Career path Inventory Manager Warehouse Supervisor Stock Control Analyst Supply Chain Coordinator Logistics Manager Purchasing Agent Certificates Digital certificate Digital certificate - Included Reed Courses Certificate of Completion Digital certificate - Included Will be downloadable when all lectures have been completed.