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Product Management Level 3 Advanced Diploma

Update on 2023 | CPD Certified | Free Digital Certificate | Free Exam | Lifetime Access


Course Line On Demand

Summary

Price
£12 inc VAT
Study method
Online, On Demand What's this?
Duration
1.9 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Reed Courses Certificate of Completion - Free
Additional info
  • Tutor is available to students

Add to basket or enquire

Overview

Welcome to Product Management Level 3 Advanced Diploma, a comprehensive and engaging course designed to provide you with in-depth knowledge and practical skills in Product Management . Throughout this course, we will explore various aspects of Product Management and delve into its fundamental concepts, advanced techniques, and real-world applications.

Our primary objective in Product Management Level 3 Advanced Diploma is to equip you with a solid foundation in Product Management . Whether you are a beginner or an experienced professional looking to expand your expertise, this course will cater to your needs and help you achieve your learning goals.

During our journey together, you will have the opportunity to:

  • Gain a thorough understanding of the core principles and theories that underpin Product Management .
  • Acquire practical skills through hands-on exercises, projects, and real-world examples.
  • Explore cutting-edge advancements and emerging trends in the field of Product Management .
  • Prepare for future opportunities, such as further education, career advancement, or entrepreneurship, in the field of Product Management .
  • Reflect on your learning journey, celebrate your achievements, and gain the confidence to excel in Product Management .

By the end of Product Management Level 3 Advanced Diploma, you will have gained a comprehensive understanding of Product Management and developed the skills necessary to succeed in this dynamic field. Whether you choose to pursue further education, enter the job market, or embark on entrepreneurial ventures, this course will lay a strong foundation for your future endeavours.

We are excited to have you join us on this educational journey, and we look forward to helping you unlock your full potential in Product Management Level 3 Advanced Diploma. Let's get started!

Why should you choose Course Line?

When it comes to quality education and professional development, Course Line stands out as one of the most prestigious learning providers. As a certified institution by UKRLP & CPD Group, we have a proven track record of excellence, having successfully taught over 20,000+ students and counting.

Curriculum

14
sections
14
lectures
1h 53m
total

Course media

Description

Welcome to the course outline for Product Management Level 3 Advanced Diploma. In this comprehensive learning journey, we will explore the depths of Product Management , delving into its core principles, practical examples, and advanced techniques. Through a series of engaging lectures and exercises, you will gain the knowledge and skills necessary to excel in the field of Product Management Level 3 Advanced Diploma.

*****Product Management Level 3 Advanced Diploma Course Syllabus*****

Module 1: Product Development and Product Lifecycle

  • Value of Product Innovation
  • New Product Development
  • Generating an idea
  • Idea Vetting
  • Concept Development and Testing
  • Reasons for Product Failure
  • Product Life Cycle
  • The Introductory Stage

Module 2: Product Pricing Strategies

  • The Function and Value of Price
  • Profit-Oriented Objectives
  • Sales Volume- Oriented Objectives
  • The Product’s Value to the Buyer
  • Types of Costs
  • The Basic Methods of Price Determination
  • The Going Rate Pricing

Module 3: Branding and Packaging

  • Inventory Management
  • Branding
  • The Meaning and Importance of Branding
  • The Brand Name versus Trade Mark
  • Advantages and Disadvantages
  • Societal View
  • Branding Decisions
  • Selecting a Good Brand Name
  • Packaging
  • Packaging Industry
  • Functions of Packaging

Module 4: Channels of Distribution

  • What is a Channel of Distribution?
  • Functions of Channels of Distribution
  • Channels of Distribution Used
  • Indirect Channels
  • Channels of Distribution Used for Consumer Goods
  • Factors Influencing the Choice of Channel
  • Product Considerations
  • Market Considerations
  • Middleman Considerations
  • Company Considerations

Module 5: Types of Warehouses

  • Private and public warehousing
  • Advantages of public warehousing
  • Disadvantages of public warehousing
  • Advantages of private warehousing
  • Disadvantages of private warehousing
  • Location of warehouses
  • Characteristics of an Ideal Warehouse:
  • Qualitative factor rating method of comparison
  • Multiple warehouses

Module 6: Functions of Warehouses

  • The movement function of a warehouse:
  • The storage functions of a warehouse:
  • The information transfer functions of a warehouse:
  • Warehouse Activity Profiling

Module 7: Warehouse Operations & Systems

  • Warehouse Operations - Centralised and Decentralised
  • Storage systems
  • Fixed and random stock location
  • Palletised storage systems
  • Types of conveyors
  • Automated Storage and Retrieval System
  • Design of Automatic Storage and Retrieval Systems (AS/RS)
  • The Principles and Performance Measures of Material Handling Systems
  • Vehicle travel: response time
  • Characteristics of effective performance systems

Module 8: Inventory Management

  • What is Inventory?
  • Glossary
  • Types of stock
  • Costs of carrying stock

Module 9: The Warehouse Inventory Cycle

  • Identifying Demand
  • The Receiving Process
  • Validating Inventory
  • The Put-Away Process
  • Maintaining Inventory Accuracy
  • The Outbound Process
  • Industry Trends

Module 10: Inventory Tracking

  • Barcoding Technology and Applications
  • Benefits of Barcoding
  • Components of Barcoding
  • Common Barcode Applications
  • Radio Frequency Identification (RFID) Technology and Applications
  • The principle of RFID
  • RFID Challenges
  • Benefits of RFID
  • Inventory Reduction
  • Facility/Equipment productivity
  • RFID IN Retailing Sector
  • Potential Benefits of RFID to Retail Enterprises
  • RFID in Warehousing

Module 11: Warehouse Material Handling

  • Non-powered hand trucks
  • Non-powered hand pallet trucks
  • Pallet Trucks
  • Powered pallet trucks
  • Pallet truck and counter scale pallet truck
  • Four-directional reach trucks
  • Stacker trucks
  • High rack stacker trucks-very narrow aisle
  • Order picking trucks
  • Conveyors for Module load handling

Module 12: Marketing Your Product

  • Introduction to Marketing
  • Consumer and Market Analysis
  • Analysing the Competition and Yourself
  • Analysing Distribution Channels
  • Creating a Marketing Plan
  • Leveraging social media
  • Selling Your Product

Assessment Process

Upon completing the Product Management Level 3 Advanced Diploma course, you will be required to undertake a multiple-choice evaluation in order to gauge your understanding of the material covered.

If you do not achieve the minimum passing score, you will have the opportunity to retake the assessment without incurring any additional cost.

Certification

After successfully completing this Product Management Level 3 Advanced Diploma course, you will get an instant Free digital certificate.

Who is this course for?

Product Management Level 3 Advanced Diploma is designed to cater to a wide range of individuals who are eager to enhance their knowledge and skills in Product Management .

This course is suitable for:

  1. Beginners in Product Management
  2. Professionals
  3. Students
  4. Career changers

No matter your background or level of experience, Product Management Level 3 Advanced Diploma offers a comprehensive learning experience that caters to your specific needs. Join us on this educational journey and unlock your potential in Product Management today!

Requirements

Requirements for the Product Management Level 3 Advanced Diploma course:

  • No Prior Knowledge Required
  • Basic Computer Skills.
  • Internet access.
  • Familiarity with English

Career path

Completing Product Management Level 3 Advanced Diploma course can open exciting career opportunities in various fields related to Product Management . Here are three potential career paths you can pursue after completing Product Management Level 3 Advanced Diploma:

  • Product Management Specialist
  • Product Management Researcher
  • Product Management Educator

Questions and answers

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

Certificates

Reed Courses Certificate of Completion

Digital certificate - Included

Will be downloadable when all lectures have been completed.

Reviews

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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.