Inventory Management
Learn inventory management from basics in this free online training. Inventory management course is taught hands-on by experts. Learn about types, methods, accounting of inventory management & lot more. Best For Beginners.
What you learn in Inventory Management ?
About this Free Certificate Course
Multiple factors need to be considered, and you must be aware of many skills to run a business successfully. Inventory Management is one of those salient skills that one must be familiar with. Hence, to manage your business smoothly, you must be knowledgeable about Inventory Management.
This free Inventory Management course covers all the fundamentals of inventory management and offers a career path to improve your management skills. The next essential concept is the objectives of Inventory Management. It is always better to know the purpose of your work. The next concept that you will learn will be about the different types of stock. You will then move on to know about the various methods of Inventory Management. The next essential concept that you’ll learn about will be Inventory accounting. It is essential that you also understand various inventory categories for better Inventory Management. Enroll in this free Inventory Management course today and learn all the basic concepts of Inventory Management. Secure free Inventory Management certification on completion of the course.
As a result, enroll in Great Learning's globally acclaimed Online Management Courses. Enroll in top-rated degree and post-graduate programs in your field of interest and earn certification.
Course Outline
Take any business; they depend on organizing, tracking, and managing. This introduction module of the Inventory Management free course will help you understand what Inventory Management is in brief, and you will also go through the agenda of this course.
This module discusses Inventory Management in-depth and helps you understand its various functions. You will learn Inventory Management in detail.
To know Inventory Management better, you must understand its aims. This module helps you know and understand the objectives of Inventory Management.
In Inventory Management, there are two major types of stock. This module explains cycle stock and safety stocks- the two types of stock in detail. This will help you dig deeper into Inventory Management.
When you want to attain successful Inventory Management, you must be familiar with its various methods. This module explains the methods involved in Inventory Management.
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1.5 Hours
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Frequently Asked Questions
What is inventory management?
Inventory management is a software system used to track inventory levels, orders, sales, and deliveries. It is also applied in the manufacturing industry to build a work order, bill of materials, and other production-related documents. The prime purpose of companies using inventory management software is to ovoid overstock and outages of products. The software tool is also used to organize data previously stored in hard-copy form or in spreadsheets. You will understand what inventory management is in detail in this Inventory Management free course.
What are the types of inventory management?
It is essential to understand different inventory types to make effective financial and production planning choices. They include
- Raw Materials
- Work in Process
- Finished Products
- Transit Inventory
- Buffer Inventory
- Anticipation Inventory
- Decoupling Inventory
- Cycle Inventory
The Inventory Management course includes an explanation of all of the different types of inventory management.
How do I learn inventory management?
You can learn Inventory Management free course online. You will understand all the concepts guiding inventory management in detail and will have a head start on it after you complete the course and all the assigned tasks successfully. The course is self-paced and hence gives you the privilege of learning it at your own pace and at your leisure.
What do we study in inventory management?
Inventory management deals with a software tool to track inventory-related processes. Learning Inventory Management will walk you through various concepts starting from an introduction to the subject and then following up with what inventory management is, objectives, types of stock, different methods involved in inventory management, inventory accounting, and its categories. You will be able to apply inventory management concepts and work flexibly in the field after you have enough insights from the course and after you have basketed all the required skills.
Will I get a certificate after completing this Inventory Management free course?
Yes, you will get a certificate of completion for Inventory Management after completing all the modules and cracking the assessment. The assessment tests your knowledge of the subject and badges your skills.
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