Professional Certificate in Basics of Inventory Management: A Pathway to Supply Chain Management
-- viewing nowInventory Management is a crucial aspect of Supply Chain Management, ensuring the right products are available at the right time. Our Professional Certificate in Basics of Inventory Management is designed for professionals looking to enhance their skills in managing inventory levels, optimizing stockroom operations, and streamlining supply chain processes.
3,333+
Students enrolled
GBP 140
GBP 202
Save 44% with our special offer
About this course
This comprehensive program covers the fundamentals of Inventory Management, including inventory classification, forecasting, and control techniques.
Upon completion, learners will be equipped with the knowledge and skills to make informed decisions, improve inventory efficiency, and drive business growth.
Take the first step towards a successful career in Supply Chain Management. Explore our Professional Certificate in Basics of Inventory Management today and discover a world of opportunities.
100% online
Learn from anywhere
Shareable certificate
Add to your LinkedIn profile
2 months to complete
at 2-3 hours a week
Start anytime
No waiting period
Course details
• Understanding the Basics of Inventory Management: This unit will cover the fundamental concepts of inventory management, including the importance of inventory management, types of inventory, and the role of inventory in supply chain management.
• Inventory Classification and Categorization: In this unit, students will learn how to classify and categorize inventory based on factors such as product type, storage requirements, and turnover rates.
• Inventory Valuation and Costing: This unit will cover the different methods of inventory valuation and costing, including First-In-First-Out (FIFO), Last-In-First-Out (LIFO), and Weighted Average Cost (WAC).
• Inventory Control and Optimization: Students will learn how to implement inventory control systems and optimize inventory levels to minimize costs and maximize efficiency.
• Supply Chain Management Fundamentals: This unit will introduce students to the basics of supply chain management, including the different stages of the supply chain, supply chain risks, and supply chain metrics.
• Inventory Management Systems and Technology: In this unit, students will learn about the different types of inventory management systems and technology, including enterprise resource planning (ERP) systems, inventory management software, and radio frequency identification (RFID) technology.
• Inventory Forecasting and Planning: This unit will cover the different methods of inventory forecasting and planning, including quantitative and qualitative forecasting techniques, and how to use data analytics to inform inventory decisions.
• Inventory Replenishment and Ordering: Students will learn how to implement effective inventory replenishment and ordering strategies, including just-in-time (JIT) inventory management and vendor-managed inventory (VMI).
• Inventory Metrics and Performance Measurement: This unit will cover the different metrics used to measure inventory performance, including inventory turnover, days inventory outstanding (DIO), and inventory service level.
• Case Studies in Inventory Management: In this final unit, students will apply the concepts learned throughout the program to real-world case studies in inventory management, including best practices and lessons learned.
Career path
**Professional Certificate in Basics of Inventory Management: A Pathway to Supply Chain Management**
**Career Roles and Statistics**
| Role | Job Market Trend | Salary Range (UK) | Skill Demand |
|---|---|---|---|
| Inventory Manager | High demand (24% growth rate) | £35,000 - £55,000 per annum | Excellent analytical and problem-solving skills |
| Supply Chain Coordinator | Strong demand (18% growth rate) | £25,000 - £40,000 per annum | Ability to work under pressure and meet deadlines |
| Logistics Manager | High demand (22% growth rate) | £40,000 - £65,000 per annum | Strong communication and leadership skills |
| Procurement Specialist | Strong demand (20% growth rate) | £30,000 - £50,000 per annum | Ability to negotiate and build relationships |
Entry requirements
- Basic understanding of the subject matter
- Proficiency in English language
- Computer and internet access
- Basic computer skills
- Dedication to complete the course
No prior formal qualifications required. Course designed for accessibility.
Course status
This course provides practical knowledge and skills for professional development. It is:
- Not accredited by a recognized body
- Not regulated by an authorized institution
- Complementary to formal qualifications
You'll receive a certificate of completion upon successfully finishing the course.
Why people choose us for their career
Loading reviews...
Frequently Asked Questions
Debug: False
Course fee
MOST POPULAR
Fast Track
GBP140
Complete in 1 month
Accelerated Learning Path
- 3-4 hours per week
- Early certificate delivery
- Open enrollment - start anytime
Standard Mode
GBP90
Complete in 2 months
Flexible Learning Pace
- 2-3 hours per week
- Regular certificate delivery
- Open enrollment - start anytime
What's included in both plans:
- Full course access
- Digital certificate
- Course materials
All-Inclusive Pricing • No hidden fees or additional costs
Get course information
Earn a career certificate
PROFESSIONAL CERTIFICATE IN BASICS OF INVENTORY MANAGEMENT: A PATHWAY TO SUPPLY CHAIN MANAGEMENT
is awarded to
Learner Name
who has completed a programme at
London School of Planning and Management
Awarded on
05 May 2025
Blockchain Id: s-1-a-2-m-3-p-4-l-5-e
Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.
