Certified Inventory and Store Management Professional (CISMP)- (Self Paced)

This Course is intended for professionals and graduates wanting to excel in their chosen areas. It is also well suited for those who are already working and would like to take certification for further career progression.

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Businesses today must have a good understanding of the value structure and strategy of Materials Management in order to compete in the new millennium. The efficient management of inventory and material planning has a major impact on supply chain performance and resultant cost. Poor inventory management will result in high inventory carrying costs and a low rate of customer order fulfillment. Carrying inventory comes with a certain degree of commercial risk. Excess, obsolete, and mismanaged inventory will result in a reduction in the company's equity. It is important for businesses to evaluate the costs of carrying inventory and reduce the cost to improve the company’s bottom line.

Holding cost for Inventory accounts for the largest component of working capital in most organizations. High levels of Inventory cost money and take up valuable space. This inefficiency is what makes organizations lose their competitive edge. Thus, new and effective techniques need to be adopted in order for the inventory to move efficiently and, for purchasing and holding costs to be reduced.

Managing Inventory & Stock Control training focuses on all major aspects of inventory planning and stock control. This course emphasis the latest demand planning theories, models, and best practices strategies to build the competency of participants. It helps participants learn how to deal with future scenarios to improve customer service whilst achieving optimal inventory levels and obtaining added value for money.

Objective:

After successful completion of the program, participants will be able to:

Understand objectives of the modern inventory management and stock control
Insight on demand planning, role of finance, cost implications and customer service
Formulate inventory classifications, types of demand and various factors affecting the demand
Applications of forecasting techniques to determine demand and efficient management of lead-time
Understand modern inventory systems, methods, and their applications
Establish optimum order quantity, safety stock and reorder point to maximize inventory turn
Understand various stock controlling tools and techniques to eliminate waste, improve efficiency and cost of warehouse operations
To equip the Stores/ Inventory professionals with Effective Inventory Management Strategies.
Minimize Overheads and High holding costs - Avoid losses and optimize savings
Develop an understanding of key issues and trade-off that is central to the definition of Inventory policy and control.
How store and warehouse personnel can help organizations to increase productivity and to prevent losses.
Take decisions effectively as to how much quantity to order, when to order and why only that quantity to order - Determine Economic Order Quantities (EOQ).
To enable participants to recognize the importance of an organized and Effective warehouse Management
Understand the role of maintaining the Inventory and how to release the working capital by holding a lean inventory
Learn Inventory management best practices to help you to reduce cost, increase productivity and customer satisfaction
Establish Inventory management performance (KPIs) and continues improvement measures

Modules:

M-1: Essentials of Inventory Management

M-2: Inventory Management Models

M-3: Inventory Costing

M-4: Facilities Layout and Materials Handling

M-5: Forecasting Demand

M-6: Just In Time

M-7: Warehouse Process

M-8: Wearehouse Operations

M-9: Storage and Handling Equipment

M-10: Warehouse Costing

Pre-Course Assignment

M-1: Essentials of Inventory Management

M02-Inventory Management Models

M03-Inventory Costing

M04 - Warehouse Layout & Material Handling

M05 - Demand Forecasting

M-6: Just in Time

M-7: Warehouse Process

M-8: Warehouse Operations

M-9: Storage and handling equipment

M-10: Warehouse Costing

Features:
Duration: 4 Months
Short Video Materials: Yes
Mode of Learning: Self-Paced

Post Completion:

Electronic Certificate
Digital Badge via Credly.com
Printed Certificate available

Exam Method:

Number of Exams: 01
Number of Questions: 04 Written Questions
Duration: 120 Minutes
Total Marks: 100
Pass Mark: 70%

Assignment:

Total Assignments: 05
01 Pre-Course Assignment (Learning Purpose)
03 Class Based Assignment
- Total Marks: 100
- Pass Mark: 70%
01 Capstone Projects
- Total Marks: 300
- Pass Mark: 70%

Length	4 Months
Effort	2 hours per day
Live Chat	Enabled
Regular Fee	$ 420.00
Special Fee	$ 295.00

Certified Inventory and Store Management Professional (CISMP)- (Self Paced)