Inventory and warehouse analytics professional handle and manages inventory items and handling the work in the warehouse. They are skilled professionals with a strong commercial awareness for their industry. They maintain and improve the company’s inventory situation by analyzing inventory statistics for determining which products are selling and which are not. Moreover, Inventory and warehouse analytics professionals also place inventory orders and tracking shipments as well as allocate inventory to the correct departments. They have the ability to perform extensive research on a wide range of inventory-related reports and also perform regular inventory counts. Further, in their tasks, they draft inventory reports that document inventory counts and then report inventory statistics for managing and suggesting improvements to inventory control.
So, let’s get started with the in-depth details and resources to become a Certified Inventory and Warehouse Analytics Professional
Vskills Certified Inventory and Warehouse Analytics Professional
As new technologies like the internet, smartphones are emerging, the e-commerce and JIT based inventory and warehouse management are showing growth. That is to say, Inventory and Warehouse analytics is now referred as the prominent contributor for optimized and lean inventory and warehousing affecting inventory management, warehousing, inventory costing, distribution, demand forecasting and reverse logistics. Talking about the Vskills Inventory and Warehouse analytics Professional course, this is best fit for professionals in the field of inventory, logistics, SCM and warehousing as well as for the graduates who want to excel in inventory and warehouse analytics.
Candidates on earning the Vskills Inventory and Warehouse Analytics Professional Certification will be able to showcase their advanced skills and will be able to differentiate in today’s competitive job market. Moreover, this certification will also help the job seekers to find employment in the area of the store, inventory, warehouse, logistics, or SCM departments of various companies. Inventory and Warehouse Analytics Professionals are in great demand as the companies specializing in warehousing, inventory outsourcing, SCM, and 3PL are constantly hiring Certified Inventory and Warehouse Analytics Professional.
Vskills certification providers give candidates access to top exams as well as provides exam benefits. This includes:
- The certifications will have a Government verification tag.
- The Certification is valid for life.
- Candidates will get lifelong e-learning access.
- Access to free Practice Tests.
- Candidates will get tagged as ‘Vskills Certified’ On Monsterindia.com and ‘Vskills Certified’ On Shine Shine.com.
Certified Inventory and Warehouse Analytics Professional covers the following topics –
Using Spreadsheets for Analytics
Visualizing Data in Spreadsheets
- Excel Data Visualization Tools
- Data Queries in Excel
- Data Summarization in Excel
- PivotTables and Pivot Charts
Descriptive Statistical Measures
- Statistical Notation
- Measures of Location
- Measures of Dispersion
- Measures of Shape
- Measures of Association
- Frequency Distributions
Sampling and Estimation
- Inventory Basics
- Classification of Inventory Systems
- Demand Forecasting
- Exchange Curve
- Economic Order Quantity( EOQ)
Preparation Guide for Vskills Certified Inventory and Warehouse Analytics Professional
A preparation guide basically refers to the essential resources and study materials required for the exam. Candidates here need to research for the best study resources in order to prepare better for the certification exam. Moreover, it will also help them to complete their syllabus quickly and with a good understanding of the concepts. And, for the Certified Inventory and Warehouse Analytics Professional exam, below are the resources provided by Vskills that will help candidates to cover all the concepts and prepare well for the exam.
Understand Exam Objectives
Exam objectives provide a brief about the exam topics that includes various sections and subsections. So, Candidates should get exam objectives to get a better understanding of the content and topics related to the exam. Moreover, it also provides a benefit to candidates to learn and explain things better during the preparation time. For Certified Inventory and Warehouse Analytics Professional the topics include –
- Analytics Introduction
- Using Spreadsheets for Analytics
- Visualizing Data in Spreadsheets
- Descriptive Statistical Measures
- Probability Distributions
- Sampling and Estimation
- Statistical Inference
- Regression Analysis
- Inventory Management
- Warehouse Processes
- Inventory Costing
- Forecasting Demand
- Distribution and Freight Management
- Advanced Analytics
E-Learning by Vskills
Vskills E-learning for Certified Inventory and Warehouse Analytics Professional helps candidates to get a better understanding of the content by providing them the online learning material for a lifetime. This learning material comes with hard copy material that will help them in improving skills and staying up to date with the learning curve for getting better opportunities.
Use Books for Reference
Those Candidates who want to get in-depth details for the topic or content can take references from the books related to the exam. That is to say, reference books can be helpful for understanding concepts and topics fastly. However, for the Certified Inventory and Warehouse Analytics Professional exam, there are various books available which you can find online or in libraries. Some of the books are as follows:
- Essentials of Inventory Management Book by Max Müller
- Warehouse Management Book by Gwynne Richards
Assess yourself with Practice Test
Using Practice tests after completing any topic can be beneficial for candidates to understand the weak areas as well as for taking assessments to test their skills. This also helps in improving answering skills so that they can much of their time during the exam. Moreover, by assessing themselves candidates will get a clear view of their preparation and then start working on it accordingly. So, start practicing for the exam and get certified.
Become Certified Inventory and Warehouse Analytics Professional