Booking options
£5
Course Images
Inventory Management
By LearnDrive UK
(1)- 30 Day Money Back Guarantee
- Completion Certificate
- 24/7 Technical Support
Highlights
On-Demand course
1 hour
All levels
Description
This course at a glance
Accredited by CPDQE
Define Inventory Management.
Control inventory costs.
Utilize key metrics.
Understand inventory dynamics.
Calculate EOQ and price breaks.
Manage safety stock and risks.
Do you aspire to master inventory management, a crucial component that significantly influences a company’s profitability and operational efficiency? Our Inventory Management course is meticulously designed to equip you with comprehensive, industry-relevant knowledge and skills.
The 10-module course begins with a fundamental understanding of what inventory management is, followed by an introduction to Little’s Law and its applications. You’ll delve into the financial aspects, learning to control and understand inventory costs. From key metrics to part classification and analysis, every topic is covered in-depth to ensure your proficiency in the field. Modules on inventory dynamics and Economic Order Quantity (EOQ) prepare you for real-world scenarios. Learn to perfectly time your orders, manage your safety stock effectively, and mitigate associated risks. The course concludes with insights into advanced inventory management strategies that set you apart in this competitive field.
This course is an invaluable resource for logistics professionals, business analysts, and aspiring inventory managers who are committed to achieving excellence in their careers. Become an Inventory Management expert and make informed, effective decisions that drive success. Take the first step by enrolling today.
Accredited by
This course is CPDQE accredited, which serves as an impactful mechanism for skill enhancement.
Continuing Professional Development (CPD) stands as a crucial, widely acknowledged method that aids individuals, organisations, and entire industries in staying current with their skills and knowledge.
CPD not only facilitates the elevation of global standards and benchmarks, aligning with the growing forces of globalisation and consumer expectations but also transforms learning into a deliberate and proactive process. It motivates professionals to uphold a consistently high level of performance and demonstrates their unwavering commitment to a specific job role or profession.
Course Curriculum
Module 1: What is Inventory Management?
Module 2: Introduction to Little’s Law in Inventory Management
Module 3: Understanding the Costs of Inventory
Module 4: Metrics in Inventory Management
Module 5: Part Classification and Analysis
Module 6: Inventory Dynamics
Module 7: Economic Order Quantity (EOQ) and Price Break Models
Module 8: Order Timing and Inventory Control
Module 9: Safety Stock Calculations and Risk Management
Module 10: Advanced Inventory Management Strategies
Frequently Asked Questions
Do you offer free certificate?
Yes, we offer free PDF Certificate upon course completion. Here is an example certificate that you will get after completing your course.
Is this course accredited?
Yes, this course is accredited by CPDQE.
Who is CPD for?
Continuing Professional Development (CPD) is a practice embraced by countless individuals across diverse industries and professions. Typically, professional organisations and institutes mandate CPD requirements, often specifying a specific number of annual CPD training hours.
In recent decades, the dedication to CPD has transcended the confines of traditional sectors and UK-based institutions, gaining global recognition and acceptance.
Why do you need CPD?
Continuing Professional Development (CPD) stands as a crucial, widely acknowledged method that aids individuals, organisations, and entire industries in staying current with their skills and knowledge.
CPD not only facilitates the elevation of global standards and benchmarks, aligning with the growing forces of globalisation and consumer expectations but also transforms learning into a deliberate and proactive process. It motivates professionals to uphold a consistently high level of performance and demonstrates their unwavering commitment to a specific job role or profession.
Can you tell me about CPD Points, hours and credits?
The majority of institutions and professional organisations establish Continuing Professional Development (CPD) goals, typically on an annual basis. These objectives are determined by accumulating CPD activities, which include participating in training courses, eLearning programs, events, and other structured learning experiences.
Most professional bodies employ CPD hours as their primary metric, and when CPD points or credits are utilised, they are typically in a direct 1:1 correlation with CPD hours. In simpler terms, one CPD point equates to one CPD hour.
About The Provider
LearnDrive UK
Ashford
(1)Welcome to Learndrive! Your Trusted Online Learning Platform!
Reviews
There are no reviews for Inventory Management yet.Why not be the first one to review this course?