Inventory Management
Inventory Management
Inventory Management
Companies require professionals who can manage products, supplies, and matters. Inventory managers supervise inventory auditors and warehouse staff with other members of numerous departments within the business. Moreover, these professionals are found in all types of industries that means their job is very versatile and hence they require top-class skills and knowledge to demonstrate their professionalism.
Table of Content
The Inventory Management Exam covers the following topics -
• Inventory management
• Stores management
• Standardization, codification, and variety reduction
• Facilities location
• Facilities layout and materials handling
• Purchase system and procedure
• Forecasting demand
• Just-in-time
Inventory Management FAQs
What are the career prospects after completing the exam successfully?
• Risk management
• Material manager
• Purchasing manager
• Waste management
What are the exam objectives?
• Inventory management
• Stores management
• Standardization, codification, and variety reduction
• Facilities location
• Facilities layout and materials handling
• Purchase system and procedure
• Forecasting demand
• Just-in-time
What skills are required for this exam?
• Management skills
• Analytical skills
• Forecasting and budgeting
• Communication skills
• Problem-solving and decision-making
Who is the target audience for this exam?
This exam is specially intended for:
• Executives
• Senior executive
• Purchase Managers
• Inventory management department employees
Who is an inventory management professional?
Companies require professionals who can manage products, supplies, and matters. Inventory managers supervise inventory auditors and warehouse staff with other members of numerous departments within the business. Moreover, these professionals are found in all types of industries that means their job is very versatile and hence they require top-class skills and knowledge to demonstrate their professionalism.
What are the roles and responsibilities of these professionals?
Some of the major roles and responsibilities of these professionals include the following:
• Computing inventory monitoring or supply chain software tools to track stock levels.
• Practising regular cycle counts.
• Obtain additional 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.
• Examining sales numbers
• Determining future inventory needs.