Inventory Management Free Course with Certificate
Inventory Management
4.63
Intermediate level
2.25 learning hrs
Learn the fundamentals of inventory management, including stock types, accounting, and management methods. Join this inventory management training course to optimize processes, reduce waste, and enhance business efficiency.
Instructor:
Tony Tom
About this course
The free Inventory Management course for beginners equips you with essential skills to effectively manage stock and inventory in any business. You’ll learn the key functions of Inventory Management, including its objectives and the types of stock, cycle stock, and safety stock. The course covers various inventory management methods, helping you understand how to implement best practices for tracking and organizing inventory. Additionally, you’ll explore inventory accounting, including recording, classification, and valuation, to help you manage inventory accurately.
You’ll gain practical knowledge of inventory categories and how to utilize them to optimize stock management. With this course, you’ll be equipped to improve inventory processes, reduce waste, and enhance business profitability, making you a valuable asset in any organization. By the end of the course, you'll be able to manage and account for inventory effectively, ensuring your business runs smoothly and efficiently.
Course outline
Introduction to Inventory Management
Take any business; they depend on organizing, tracking, and managing. This introduction module of the Inventory Management free course will help you understand what Inventory Management is in brief, and you will also go through the agenda of this course.
What is Inventory Management?
This module discusses Inventory Management in-depth and helps you understand its various functions. You will learn Inventory Management in detail.
Objectives of Inventory Management
To know Inventory Management better, you must understand its aims. This module helps you know and understand the objectives of Inventory Management.
Types of Stock
In Inventory Management, there are two major types of stock. This module explains cycle stock and safety stocks- the two types of stock in detail. This will help you dig deeper into Inventory Management.
Methods of Inventory Management
When you want to attain successful Inventory Management, you must be familiar with its various methods. This module explains the methods involved in Inventory Management.
Inventory accounting
To understand Inventory Accounting better, you must be thorough with the recording, classification, and inventory valuation. This module discusses Inventory Accounting in-depth to help you understand Inventory Management better.
Categories of inventory
This module consists of a brief discussion on categories of Inventory. This will help you understand the various role of these categories of Inventory, and it will also help you have a better understanding of what you have under your stock and how to utilize them.
Get access to the complete curriculum once you enroll in the course
4.63
Our course instructor
Tony Tom
Research Analyst
Management Expert
Frequently Asked Questions
Will I receive a certificate upon completing this free course?
Is this course free?
What will I learn in this free Inventory Management course with certificate?
Inventory management training course for beginners equips you with skills in stock control, forecasting, and optimization, covering topics from ABC analysis and safety stock to using software like SAP/ERP, essential for reducing costs, improving efficiency, and boosting customer satisfaction across supply chains.
What is the course duration of this free inventory management training?
The course takes approximately 2.25 hours to complete, offering an efficient way to learn inventory management basics at your own pace.
Who should take this Inventory Management course?
This inventory management training is ideal for beginners who want to understand the fundamentals of managing inventory. It’s perfect for anyone working in logistics, supply chain, or retail.
What skills will I gain from this course?
You will gain the following skills:
Inventory Management
Inventory Accounting
Stock in Inventory
Do I need prior experience in inventory management?
No prior experience is required. This course covers inventory management basics, making it suitable for beginners or anyone new to the field.
Can I learn inventory management online free?
Yes, you can learn inventory management through this free inventory management course. It’s a great option for those looking to develop foundational skills in inventory management at no cost.
How is this course structured?
The course includes the following modules:
- Introduction to Inventory Management
- What is Inventory Management?
- Objectives of Inventory Management
- Types of Stock
- Methods of Inventory Management
- Inventory accounting
- Categories of inventory
What is the importance of inventory management in a business?
Inventory management helps businesses maintain the right balance of stock, reducing excess inventory costs while preventing stockouts, ensuring smooth operations and customer satisfaction.
What are the different types of inventory management?
The most common types of inventory management include just-in-time (JIT), first-in-first-out (FIFO), last-in-first-out (LIFO), and economic order quantity (EOQ), each suited to different business needs.
What are the benefits of Inventory management course?
The benefits of this inventory management training course are:
Efficiency: Reduces waste, optimizes stock levels, and lowers operational costs.
Profitability: Improves inventory turnover and financial performance.
Skills: Develops expertise in forecasting, analysis, and software use.
- Career Growth: Prepares you for strategic roles in logistics and supply chain.
Will I have lifetime access to this free Inventory Management course?
Yes, once you enroll in the course, you will have lifetime access, where you can log in and learn whenever you want to.
What are the steps to enroll in this Inventory Management course?
Enrolling in any of the Great Learning Academy’s courses is just one step process. Sign-up for the course, you are interested in learning through your E-mail ID and start learning them for free online.
Why choose Great Learning Academy for this free Inventory Management course?
Great Learning Academy provides this Inventory Management course for free online. The course is self-paced and helps you understand various topics that fall under the subject with solved problems and demonstrated examples. The course is carefully designed, keeping in mind to cater to both beginners and professionals, and is delivered by subject experts. Great Learning is a global ed-tech platform dedicated to developing competent professionals. Great Learning Academy is an initiative by Great Learning that offers in-demand free online courses to help people advance in their jobs. More than 5 million learners from 140 countries have benefited from Great Learning Academy's free online courses with certificates. It is a one-stop place for all of a learner's goals.
Can I sign up for multiple courses from Great Learning Academy at the same time?
Yes, you can enroll in as many courses as you want from Great Learning Academy. There is no limit to the number of courses you can enroll in at once, but since the courses offered by Great Learning Academy are free, we suggest you learn one by one to get the best out of the subject.
Is there any limit on how many times I can take this free course?
Once you enroll in the Inventory Management course, you have lifetime access to it. So, you can log in anytime and learn it for free online.
How much does this Inventory Management course cost?
It is an entirely free course from Great Learning Academy. Anyone interested in learning the basics of Inventory Management can get started with this course.
What do we study in inventory management?
Inventory management deals with a software tool to track inventory-related processes. Learning Inventory Management will walk you through various concepts starting from an introduction to the subject and then following up with what inventory management is, objectives, types of stock, different methods involved in inventory management, inventory accounting, and its categories. You will be able to apply inventory management concepts and work flexibly in the field after you have enough insights from the course and after you have basketed all the required skills.
How do I learn inventory management?
You can learn Inventory Management free course online. You will understand all the concepts guiding inventory management in detail and will have a head start on it after you complete the course and all the assigned tasks successfully. The course is self-paced and hence gives you the privilege of learning it at your own pace and at your leisure.
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