CERTIFICATION IN INVENTORY MANAGEMENT
Inventory Management includes Inventory turnover ratio to optimize the ordering of stocks and safety stocks along the Supply Chain, aiming to minimize holding and backorder costs while fulfilling the typically uncertain demand of customers. We develop methods for the measurement and inventory control system performance under uncertainty, referring the business inventory in logistics into the following types-
- Raw materials: The ingredients or components from which your business manufactures or produces the products it sells.
- Work in progress: Any inventory in the process of being transformed from one or more raw materials into a finished product.
- Finished goods: This is what we call the inventory that’s ready to be passed on to customers.
- Service inventory: Comprises spare parts and tools used after the sale or in service businesses.
- In-transit inventory: Which is inventory being moved from one point to another by road, rail, sea, or air (as opposed to riding a conveyor between adjoining warehouses for example—this would not be classed as in-transit inventory).
The scope of an inventory system can cover many needs, including valuing the inventory, measuring the change in inventory and planning for future inventory levels. The value of the inventory at the end of each period provides a basis for financial reporting on the balance sheet. Measuring the change in inventory allows the company to determine the cost of inventory sold during the period. This allows the company to plan for future inventory needs.
- Certification valid for life
- Lifelong e-learning access
- Free Practice Tests
- Hard copy – Study material
- Online e Learning Access (LMS)
- 24*7 Support
- Online sessions covering Store,Inventory,Purchase & Forecasting.
|Introduction To Inventory Systems||00:00:00|
|Functions Of Inventory||00:00:00|
|Classification Of Inventory Systems||00:00:00|
|Selective inventory management||00:00:00|
|Exchange curve and aggregate inventory planning||00:00:00|
|Deterministic Inventory Models||00:00:00|
|Probabilistic Inventory Models||00:00:00|
|Inventory Control Of Slow Moving Items||00:00:00|
|Recent Developments In Inventory Management||00:00:00|
|Stores Systems And Procedures||00:00:00|
|Stores Accounting And Verification Systems||00:00:00|
|Stores Address System||00:00:00|
|Store Location And Layout||00:00:00|
|Standardisation, Codification And Variety Reduction|
|Classification Of Materials||00:00:00|
|Standardisation and Variety Reduction||00:00:00|
|When Does A Location Decision Arise?||00:00:00|
|Steps In The Facility Location Study||00:00:00|
|Subjective, Qualitative And Semi-Quantitative Techniques||00:00:00|
|Locational Break-Even Analysis||00:00:00|
|Some Quantitative Models For Facility||00:00:00|
|Some Case Examples||00:00:00|
|Facilities Layout And Materials Handling|
|Basic Types Of Plant Layouts||00:00:00|
|Plant Layout Factors||00:00:00|
|Layout Design Procedure||00:00:00|
|Flow And Activity Analysis||00:00:00|
|Space Determination And ‘Area Allocation||00:00:00|
|Computerised Layout Planning||00:00:00|
|Evaluation, Specification, Presentation And Implementation||00:00:00|
|Materials Handling Systems||00:00:00|
|Materials Handling Equipment||00:00:00|
|Purchase System And Procedure|
|Introduction: Role Of Purchasing Function||00:00:00|
|Restraints And Factors||00:00:00|
|Procedures, Forms, Records And Reports||00:00:00|
|Evolution Of Departmental Procedures And Vendors||00:00:00|
|Vendor Evaluation And Rating||00:00:00|
|Computerized Purchasing System||00:00:00|
|Purchasing In Government Organizations||00:00:00|
|Methods of Forecasting||00:00:00|
|Principles of Just-in-time||00:00:00|
|Achieving Just-in-time operations||00:00:00|
|JIT Implementation Design||00:00:00|
|Benefits and Disadvantages||00:00:00|
|Comparisons With Other Methods||00:00:00|
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