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

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

1. Understand objectives of the modern inventory management and stock control
2. Insight on demand planning, role of finance, cost implications and customer service
3. Formulate inventory classifications, types of demand and various factors affecting the demand
4. Applications of forecasting techniques to determine demand and efficient management of lead-time
5. Understand modern inventory systems, methods, and their applications
6. Establish optimum order quantity, safety stock and reorder point to maximize inventory turn
7. Understand various stock controlling tools and techniques to eliminate waste, improve efficiency and cost of warehouse operations
8. To equip the Stores/ Inventory professionals with Effective Inventory Management Strategies.
9. Minimize Overheads and High holding costs - Avoid losses and optimize savings
10. Develop an understanding of key issues and trade-off that is central to the definition of Inventory policy and control.
11. How store and warehouse personnel can help organizations to increase productivity and to prevent losses.
12. 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).
13. To enable participants to recognize the importance of an organized and Effective warehouse Management
14. Understand the role of maintaining the Inventory and how to release the working capital by holding a lean inventory
15. Learn Inventory management best practices to help you to reduce cost, increase productivity and customer satisfaction
16. Establish Inventory management performance (KPIs) and continues improvement measures

Major areas to be covered:

• 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

PROGRAM MODE: Self Paced
LEARNING METHOD: Self-Paced Learning Material,  Exercises, Assignment
ASSESSMENT METHOD: Fully Online Written/ MCQ based Exam
DURATION: 4 Months
TOTAL MODULES: 10 Modules
VALIDATED AND QUALITY ASSURED BY: Cambridge Academy of Professionals- UK