Inventory Management

Overview

No business can sustain itself for long without an efficient system of controls governing the parts and materials used in the production or distribution of goods and services. Like many other concepts subject to human interpretation, "control" holds various meanings for different individuals.

This serves as an introductory course tailored for you, the warehouse or stockroom manager, responsible for overseeing the inflow and outflow of goods within your company. You aim for a seamless and cost-effective operation, ensuring an adequate supply of products to meet demands without excessive stockpiling. This course will cover all facets of inventory management, encompassing key terminology, the inventory cycle, methods for maintaining inventory accuracy and insights into the latest trends.

This course is provided by AION Academy, an e-Learning community offering online courses in Languages and Professional Development Skills. CTS College is a partner of AION Academy and has been granted exclusive distributorship of the AION Academy courses in Trinidad and Tobago.

Benefits

Upon completion of this programme, students would be able to:

• Understand terms that are frequently used in warehouse management
• Identify the goals and objectives of inventory management and measure their 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

Target Audience

This course is perfect for:

• Warehouse employees
• Team leaders, supervisors and managers
• Business owners and executives
• Senior sales employees

Entry Requirements

No prior experience or qualifications are required for enrolment in this course – all are welcome to join and learn.

Course Content

This course consists of the following 14 modules containing a variety of text, videos and quizzes:

• Course Overview
• What is Inventory?
• Types of Inventory
• Key Players
• Setting up the Warehouse
• What Makes a Good Inventory Management System?
• The Warehouse Inventory Cycle
• Identifying Demand
• The Receiving Process
• Validating Inventory
• The Put-Away Process
• Maintaining Inventory Accuracy
• The Outbound Process
• Industry Trends

Schedule

This course is a self-paced online training programme available 24/7, allowing students to learn at their own pace, anytime, anywhere and on any device. The estimated course duration is 12 hours.

Delivery Mode

Online Classes

This course will be delivered via online classes.

Additional Info

Certification

A certificate of participation will be issued by AION Academy.

Fees & Payment

Cost

TTD $740 (£89 GBP)

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Student Support

Please contact AION Academy for additional information or support related to this course.