Inventory Management
Description
No business can survive very long without an effective program of controls over the parts and materials that 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 is an introductory course for you, the warehouse or stockroom manager, the person in charge of what comes in and goes out of your company. You want a smooth and cost-effective operation, with enough products on hand to satisfy needs without stockpiling too much. This course will discuss all aspects of inventory management, including common terms, the inventory cycle, how to maintain inventory accuracy, and what some of the latest trends are.
Objectives
At the end of this course you will be able to:
- Understand terms that are frequently used in warehouse management
- Identify the goals and objectives of inventory management and measure your process against these goals
- Calculate safety stock, reorder points, and order quantities
- Evaluate inventory management systems
- Identify the parts of the inventory cycle
- Better maintain inventory accuracy
Course Content
This course comes with 14 modules consisting of text, video and quizzes. It is a self-paced program available 24/7. Participants can learn at their own pace, anytime, anywhere and on any device.
- Module One: Course Overview
- Module Two: What is Inventory?
- Module Three: Types of Inventory
- Module Four: Key Players
- Module Five: Setting up the Warehouse
- Module Six: What Makes a Good Inventory Management System?
- Module Seven: The Warehouse Inventory Cycle
- Module Eight: Identifying Demand
- Module Nine: The Receiving Process
- Module Ten: Validating Inventory
- Module Eleven: The Put-Away Process
- Module Twelve: Maintaining Inventory Accuracy
- Module Thirteen: The Outbound Process
- Module Fourteen: Industry Trends
Target Audience
This course is designed for:
- Warehouse employees
- Team leaders, supervisors and managers
- Business owners and executives
- Senior sales employees
Additional INformation
This course is delivered online only.
None/No previous knowledge required.
12 Hours
This course is provided by AION Academy. AION Academy is an e-Learning community offering 1300+ online courses in Languages and Professional Development Skills. CTS College is a Learning Center and Partner of AION Academy and has been granted exclusive distributorship of the AION Academy courses in Trinidad and Tobago.
A certificate of participation will be issued by AION Academy.
TTD $490.00 (USD $70.00)
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