Certified Inventory Manager

A Certified Inventory Manager manages their employer’s products, supplies, and matters. These things may be practiced inside the business or sold or leased to its consumers. Inventory managers usually supervise inventory auditors and warehouse staff and liaise with members of various departments within the business. Inventory managers are exercised in businesses of all sizes in a diversity of industries. The Vskills Certified Inventory manager demonstrates that the candidate possesses skills and knowledge.

Responsibilities of a Certified Inventory Manager

• Computing or utilizing computerized inventory monitoring or supply chain software tools to carefully track stock levels.
• Carrying regular cycle counts or stocktakes to limit available inventory.
• Obtaining additional inventory when plants are low.
• Sourcing suppliers and managing relationships with them, consisting of addressing problems in stock and delivery.
• Arranging inventory for distribution or shipping to customers.
• Renting and training inventory clerks and warehouse staff, assigning tasks, and generating rosters for these workers.
• Examining sales numbers and determining future inventory needs.

Certified Inventory Manager: Overview

Inventory performs a key part in all organization’s supply chains. Managers profit greatly by understanding inventory management and how it instantly affects business. Vskills certification for Inventory Manager estimates the aspirants as per the company’s requirement for collecting or logistics of goods. The Certified Inventory Manager certification studies the candidates in various fields in economic order quantity, master schedules, perceived or uncertain demand models, aggregate planning, anticipating demand, and just-in-time. From the Certified Inventory Manager, the candidate learns how to improve productivity, efficiency, quality & dependability of your inventory as well as powerful workforce management and evaluation methods. Companies practicing in Logistics & Supply Chain continually hire skilled and Certified Inventory Manager. Many public and private companies also require Certified Inventory Manager for their store or logistics departments.

Vskills being India’s largest certification provider gives candidates access to top exams as well as provides after exam benefits. This includes:

• Become Government Certified Professional!
• 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.

Exam Details

• Exam Duration: 60 minutes
• Vskills Exam Code: VS-1131
• Number  of questions: 50
• Maximum marks: 50
• Passing marks: 25 (50%)
• Exam Mode: Online
• There is NO negative marking in this module.

Certified Inventory ManagerCourse Outline

Certified Inventory Manager covers the following topics –

Inventory Management

• Introduction To Inventory Systems
• Functions Of Inventory
• Classification Of Inventory Systems
• Selective inventory management
• Exchange curve and aggregate inventory planning
• Deterministic Inventory Models
• Probabilistic Inventory Models
• Inventory Control Of Slow Moving Items
• Recent Developments In Inventory Management

Stores Management

• Introduction
• Stores Functions
• Stores Organization
• Stores Systems And Procedures
• Stores Accounting And Verification Systems
• Stores Address System
• Store Location And Layout
• Store Equipment
• Automated Storage/Retrieval

Standardisation, Codification And Variety Reduction

• Introduction
• Classification Of Materials
• Codification
• Standardisation and Variety Reduction

Facilities Location

• Introduction
• When Does A Location Decision Arise?
• Steps In The Facility Location Study
• Subjective, Qualitative And Semi-Quantitative Techniques
• Locational Break-Even Analysis
• Some Quantitative Models For Facility
• Some Case Examples

Facilities Layout And Materials Handling

• Introduction
• Basic Types Of Plant Layouts
• Plant Layout Factors
• Layout Design Procedure
• Flow And Activity Analysis
• Space Determination And ‘Area Allocation
• Computerised Layout Planning
• Evaluation, Specification, Presentation And Implementation
• Materials Handling Systems
• Materials Handling Equipment

Purchase System And Procedure

• Introduction: Role Of Purchasing Function
• Inputs
• Restraints And Factors
• Purchasing Decisions
• Purchasing Organization
• Procedures, Forms, Records And Reports
• Evolution Of Departmental Procedures And Vendors
• Vendor Evaluation And Rating
• Computerised Purchasing System
• Purchasing In Government Organizations

Forecasting Demand

• Methods of Forecasting
• Judgmental Forecasts
• Time Series
• Causal Forecasting
• Planning Forecasts

Just-in-time

• Principles of just-in-time
• Achieving just-in-time operations
• JIT Implementation Design
• Benefits and Disadvantages
• Extending JIT
• Comparisons With Other Methods

Preparation Guide for Certified Inventory Manager

Candidates brewing for the Certified Inventory Manager exam should recognize the importance of exam resources. During the exam preparation, it is important to get all the necessary exam study sources. This will provide the benefit to understand the concepts and meaning more precisely. In the preparation guide, we will review some of the most significant resources to help the candidate prepare well for the exam.

Exam Objectives

For every examination, the first task should be to get all the exam relevant details including the important contents and its topic. With complete exam objectives, the candidate’s exam preparation time is better spent because they already know what to study. For this exam, the topics include:

• 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

Vskills Online Learning Material

Vskills provides candidates a way to prepare for the exam using the online learning material for existence. The online material for this is regularly updated. Moreover, e-learning is bundled with hard copy material which encourages candidates to enhance and update the learning curve for superior and better opportunities. The candidate can also download the sample chapter for the Certified Inventory Manager exam.

Vskills Brochure 

Vskills also provides a brochure for the Certified Inventory Manager exam. The brochure contains all the necessary related to the exam such as details, sample papers, important information, course outline, etc.

Books for Reference

The next step in the preparatory guide should be books and study guides. The candidate needs to find those books which are enriched with information. Finding a good book may be a difficult task, but in order to gather knowledge and skills, the candidate has to find, read, and understand.

Practice Test

Practice tests are the one who ensures the candidate about their preparation for the exam. The practice test will help the candidates to acknowledge their weak areas so that they can work on them. There are many practice tests available on the internet nowadays, so the candidate can choose which they want. Try the practice test here!

Job Interview Questions

Prepare for your next job interview with our latest expert created online interview questions, the questions are designed to enhance your skills and make you job ready.