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What is Inventory? We say that Inventory is the soul of all organization’s supply chains. One of the most demanding jobs of these times is becoming an Inventory Manager. An Inventory Manager, in simple terms is who manages their employer’s products, supplies, and matters. They usually oversee inventory auditors and warehouse staff and co-operate with members of various departments within the business. Inventory managers are applied in businesses of all dimensions in a diversity of industries. But to become a successful Inventory Manager and achieve excellence in your work one should learn how to improve productivity, efficiency, quality and the dependability of your inventory. Moreover, these professionals are usually hired under the Logistics and Supply Chain management. Some of the major roles and responsibilities of these professionals are listed below:
- Computing inventory monitoring or supply chain software tools to carefully track stock levels.
- Carrying regular cycle counts to limit available inventory.
- Obtaining extra inventory when plants are low.
- Sourcing suppliers and managing relationships with them.
- Arranging inventory for distribution or shipping to customers.
- Renting and training inventory clerks and warehouse staff, and assigning tasks.
- Examining sales numbers and determining future inventory requirements.
Discussing the 10 Best Inventory Management Certification and courses in 2022
Understanding the importance of an Inventory manager, it is necessary to choose the right path to become one. All the aspirants who aspire to become an Inventory manager should know that they have to be consistent to achieve their final goal. Consistency is the key to achieve anything you aspire to be. Therefore, we are here with absolute research and quality based report on the 10 Best Inventory Management Certification and courses in 2022 that are available online. We know you trust us, thus we try our best to bring you the most updated and latest information to help you ace your career with flying colours.
Now, let’s begin with the 10 Best Inventory Management Certification and courses in 2022!
1. Vskills Certified Inventory Manager
The Vskills Certified Inventory Manager is a must-have, and recommended certification by our experts. The major reason this certification carries invaluable importance is due to its high-quality education facilities and material. The best part is this certification is attested by the Government of India which provides priceless value to your resume. Moreover, its an introductory-level course so their are no entry requirements. The course claims that the students will be tested on various grounds in economic order quantity, known or uncertain demand models, forecasting demand, aggregate planning, master schedules and just-in-time. Additionally, it is one of the best course you’ll find on the web that assures you with guaranteed degradation in your career.
Course outline:
- Inventory management
- Stores management
- Standardisation, Codification and Variety Reduction
- Facilities Location
- Facilities Layout and Materials Handling
- Purchase System and Procedure
- Forecasting Demand
- Just in time
Reasons to take this exam:
- Vskills is a Government Certified body that adds value to your resume itself.
- The Certification is valid throughout your life.
- No prior knowledge required.
- Get access to free Practice Tests.
- Both Professionals as well as begineers can take this course without any second thought.
- Candidates get tagged as ‘Vskills Certified’ On Monsterindia.com and ‘Vskills Certified’ On Shine Shine.com for better job opportunities.
- This course is available online including online learning material and hard copy at your door steps.
- You can take your exam at any time of your convenience.
- 13 fruitfull Learning hours.
More Details:
Duration of course: 13 hours
Rating: 5 out of 5
2. Operations Management: Inventory Management (Udemy)
Udemy is one of the most famous online education platform where you can find masses of courses from best instructors all over the world. This Operations Management: Inventory Management course will teach you various grounds if inventory management in a very short span of time. This Training Program which includes a number of eight sections also presented as individual courses for your convenience. Moreover, you do not need to have any prior knowledge before pursuing the course. Overall, if you are looking for to begin in this field, you should definitely have a look at this course.
Course outline:
- Understanding Inventory
- Advantages of Managing Inventory
- Types of Inventory
- Inventory Management in Services
- Inventory Value and Cost
- Types of Inventory Costs
- Inventory Valuation Methods
- Inventory and Economic Order Quantity
- Reorder Point (ROP)
- Inventory Life-Cycle
- Economic Order Quantity (EOQ)
- Inventory Management Tools
- ABC Analysis
- Material Requirements Planning (MRP)
- Enterprise Resource Planning (ERP)
- Just-in-Time (JIT)
Reasons to take this exam:
- Contionus support and motivation from the instructor.
- Complete learning hours with quizes, practice papers.
- Available at low price on e-learning platform Udemy.
- Get full-lifetime access to the course.
More Details:
Duration of course: 1.5 hours
Rating: 4.1 out of 5
3. FREE Course – Applied Operations Management-Inventory Models (Alison)
This course is offered by Alison, one of the first platforms to offer MOOCs (massive online open courses). This course claims that learners will get an insight into inventory models. You will also learn how these models help determine order quantities that reduce total inventory holding costs and ordering costs. This course will also discuss how to determine the frequency of ordering to keep goods flowing to the customer without interruption. Also, by the end of this course you will be able to use inventory models such as EOQ model.
Course outline:
- Introduction to Inventory Management
- Understanding EOQ model
Reasons to take this exam:
- Free Course
- Certificate available with a nominal fee
- 3-4 hours of learning
- Fit for beginners
More Details:
Duration of course: 3-4 hours
Rating: 4.2 out of 5
4. Inventory Courses (Coursera)
Coursera is also one of the most extensive online learning platform that collaborate with various prestigious foundations following their well-known specialists to develop best courses that can be taken from anywhere in the world. There are a number of courses available on coursera and in collaboration with universities like University of Pennsylvania, University of Illionis, and many more. You will learn about the key-concepts like inventory levels, types of inventory and the uses of inventory. You can take beginners-level courses and then gradually move towards intermediate and advance-levels. Overall, this is the best place to start your career in jobs like inventory planners and supply chain management.
Courses available:
- Inventory Analytics
- Supply Chain Management Specialization
- Introduction to Operations Management
- Operations and Supply Chain Decisions and Metrics
Reasons to take this exam:
- Financial aid to students who cannot afford the cost of the course.
- Learn to achieve specialization in the field.
- Learn from the top universities in the world.
More Details:
Duration of course: Self-Paced
Rating: 4.5 out of 5 (average)
5. Supply Chain Fundamentals: Inventory Management (Georgia Tech Professional Education)
This course is offered by the reputed Georgia Tech Professional Education. This course is created for people working in or interested in working in the procurement and sourcing space. Other people working in the supply chain can also benefit from this course. Moreover, the course claims that you will learn the key components of inventory control and management, including inventory cost components, types and uses of inventory, planning inventory levels, maintaining inventory accuracy, and metrics and roles associated with inventory management.
Course outline:
- INTRODUCTION TO INVENTORY MANAGEMENT
- MONITORING AND ANALYZING INVENTORY MANAGEMENT
- INVENTORY CONTROL
- INVENTORY MANAGEMENT AND FORECASTING
- MANAGING INVENTORY IN THE SUPPLY CHAIN
- INVENTORY PERFORMANCE MEASUREMENT & FINANCIAL IMPLICATIONS
Reasons to take this exam:
- Learn about uncertainty in the inventory process.
- Review key measures of inventory performance.
- Feasible for both beginners as well as professionals.
- Get assessment tests.
More Details:
Duration of course: Varies
Rating: 4.4 out of 5
6. Warehouse Management – Advanced Diploma QLS Level 5 (Oxford Home Study)
This course is offered by the Oxford Home study which is build to offer you a rewarding career in warehouse management. The best part about this course is that you do not require any prior experience and it can also be taken as professionals to brushup their concepts. The course claims that students will learn about the functions and objectives of warehouse operations at a superior level, along with the duties and responsibilities of key warehousing personnel. Moreover, you will get a detailed breakdown of the warehouse inventory cycle, the fundamentals of effective warehouse material handling and the importance of accurate inventory tracking. Overall, this course is perfect for anyone new to this field and want to build their career as an inventory or warehouse manager.
Course outline:
- Introduction to Warehouses
- Types of Warehouses
- Functions of Warehouses
- Warehouse Operations & Systems
- Warehouse Inventory Management
- The Warehouse Inventory Cycle
- Warehouse Inventory Tracking
- Warehouse Material handling
Reasons to take this exam:
- Get 450 hours of learning material
- No prior experience is required
- Endorsed by Quality Licence Scheme
More Details:
Duration of course: 450 hours of course material
Rating: 4.3 out of 5
7. Certified in Production and Inventory Management (ASCM)
This is one of the most valuable certification that will add priceless weightage to your resume. According to our experts, if you’re exploring a career in inventory management, then the APICS CPIM is the best certification to get. Moreover, the best part is you get 30-days free trail so might as well take advantage of this opportunity and earn the certification for free. By the end of this certification you will learn how to effectively manage disruptions, demand variations and supply chain risk. In addition, you’ll have the knowledge to better respond to supply disruptions, demand variations, and manage supply chain risk.
Course outline:
- Basics of Supply Chain Management
- Strategic Management of Resources [SMR]
- Master Planning of Resources (MPR)
- Detailed Scheduling and Planning (DSP)
- Execution and Control of Operations (ECO)
Reasons to take this exam:
- Intermediate-level course
- Learn at your own pace
- Get 30-days free trial
- Get familar with inventory management tools
More Details:
Duration of course: Self-paced
Rating: 4.7 out of 5
8. Warehouse Management Online Course and Certificate (Technology ED)
The Warehouse Management Online Course and Certificate is offered by Technology ED and especially prepared by the their award-winning online Learning Management System. This is one of the best online course you will come across on the internet that discuss warehouse functions, processes, organization, and operations. The course also claims that learners will get the understanding of the existing roles of warehouses in the supply chain, making the best use of technology in a warehouse, cost management, and performance controls. Moreover, you will learn the elements of warehousing strategy, new warehousing technologies, management issues, warehousing planning, warehouse cost management, and many more. Overall, you can take this course without any second thought.
Course outline:
- Role of warehouse in the supply chain
- Elements of warehousing strategy
- New warehousing technologies
- Warehouse functions
- Management issues
- Developing warehouse strategies
- Warehouse planning
- Warehouse cost management
- Performance management and Improvement
Reasons to take this exam:
- Get to take 5 homework assignments
- Give 1 final exam at the end of the course
- No prior experience is required
- This course is Instructor-led and delivered through an award-winning online Learning Management System.
More Details:
Duration of course: 20 hours
Rating: 4.5 out of 5
9. Inventory Management Foundations (LinkedIn Learning)
This course is prepared by Steven Brown, an educator at LinkedIn Learn. This is a beginner-level course that teaches how businesses inventory is managed. This is a very short course so if you want to get the basic information about inventory management then this course is for you. You can share the certificate of completion in your LinkedIn profile by simply sharing it and get 30-days free trial, so you can actually take benefit of this opportunity. Moreover, the course claims that basics of inventory management, discussing reasons to hold inventory, as well as how to approach production inventory, finished goods inventory, and service inventory will be discussed in the lectures. You will also get the chance to look at control systems, and shares tools and management methods that will help you effectively analyze and control your inventory.
Course outline:
- Understanding Inventory
- Inventory Control Systems
- Understanding Inventory Management
- Inventory Analytical tools
- Inventory Management Methods
Reasons to take this exam:
- Designed and created by some of the best instructors of LinkedIn Learning.
- Learn at your own pace.
- Variety of exercises to practice the concepts covered in the lectures.
- Free access to courses for the first 30 days.
- Beginners-level course.
More Details:
Duration of course: 1 hour 20 minutes
Rating: 4.7 out of 5
10. Inventory and Portfolio Management (edX)
The Inventory and Portfolio Management is an introductory-level course. This course is also available for free and does not require any prerequisites. This course claims that learners will learn to manage businesses and meet your clients expectations while optimizing time, money, avoid waste and make the right decisions on your investments. You will also get the opportunity to learn technological tools that facilitate a quick inventory management in order to efficiently meet the client’s requirements. Moreoevr, you will be defining key concepts for inventory management and implement them on different company products.
Course outline:
- Designing a product portfolio
- Inventory management
- Collaboration and technology in inventories
- Storage management
Reasons to take this exam:
- No prerequisites required.
- Beginner-level course.
- Free of cost.
- Learn at your own pace.
More Details:
Duration of course: 5 weeks
Rating: 4.7 out of 5
