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Inventory Management Best Practices: Enhancing Efficiency and Customer Satisfaction

Advanced Learning Materials | Certificate Accredited by CPD | Lifetime Access | 24/7 Expert Tutor Support


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Summary

Price
£15 inc VAT
Study method
Online
Duration
2 hours · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
CPD
10 CPD hours / points
Certificates
  • Digital certificate - £4.99
  • Hard copy certificate - £9.99
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

1 student purchased this course

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Overview

Running a business that sells products is a challenging task. You need to make sure that you have the right amount of each product in stock while also avoiding overstocking. This is where inventory management comes in.

Inventory management is the process of ordering, storing, and using inventory.

Learning Outcomes:

  • Develop a comprehensive understanding of inventory management principles and techniques.
  • Acquire knowledge in inventory forecasting, purchasing, and warehouse management.
  • Learn inventory cost analysis and effective inventory reporting methods.
  • Master inventory management techniques, including vendor-managed inventory (VMI).
  • Gain proficiency in inventory accounting and the use of inventory management tools.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

The "Inventory Management" course is your pathway to mastering the art of efficient stock control and supply chain optimisation. With a comprehensive curriculum covering inventory principles, forecasting, purchasing, warehouse management, and more, this course equips you with the tools to excel in various roles within inventory management and operations. Whether you're a professional seeking to enhance your skills or an aspiring inventory manager, this course offers valuable expertise. Enrol today and unlock the potential to drive business success through effective inventory management.

Certification

Upon completing the course, you can choose to receive a certificate named Inventory Management. Prices for certificates are as follows:

  • PDF Certificate: £4.99

Email delivery of printable/shareable PDF certificate.

  • UK Students: £9.99

Professionally printed certificate delivered in the UK.

  • International Students: £14.99

Professionally printed certificate delivered internationally.

Who is this course for?

  • Professionals in supply chain and operations management.
  • Small business owners and entrepreneurs seeking inventory control skills.
  • Individuals aspiring to pursue careers in inventory management.

Career path

  • Inventory Manager - Salary range: £25,000 to £45,000 per year.
  • Supply Chain Analyst - Salary range: £22,000 to £35,000 per year.
  • Operations Manager - Salary range: £30,000 to £55,000 per year.
  • Purchasing Specialist - Salary range: £25,000 to £40,000 per year.
  • Logistics Coordinator - Salary range: £20,000 to £35,000 per year.

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.

Certificates

Digital certificate

Digital certificate - £4.99

Hard copy certificate

Hard copy certificate - £9.99

Hardcopy Certificate for International Students: £14.99

For students outside of the United Kingdom, this option ensures delivery of a high-quality, professionally printed certificate to your international address for only £14.99.

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.