Professional Post-Graduate Diploma in Store and Inventory Management
Post-graduate College of Procurement Management
The goal of inventory management is to understand stock levels and stock’s location in warehouses. Inventory management software tracks the flow of products from supplier through the production process to the customer.
Requirements
A minimum of Membership of the Postgraduate College of Procurement Management and 15years of work experience in any related field.
Direct Membership Entry Route
If you don’t have the Postgraduate College of Procurement Management membership certificate, you can apply through our direct membership entry route. You’ll need to provide evidence of 10 years (Minimum) of work experience, along with certificates of your highest diplomas/degrees/professional certifications and an updated resume. Applications are assessed on a case-by-case basis. Please send these details to admissions@pcpmedu.org. Admission through Mature Entry Route will be subject to the discretion of the Institute.
- Understand how to optimize inventory levels to meet demand while minimizing carrying costs, stockouts, and overstock situations.
- Learn methods to predict future demand accurately, enabling better inventory planning and resource allocation.
- Gain skills in determining when and how much to reorder, considering lead times, reorder points, and economic order quantities.
- Learn to categorize items based on their importance and value, allowing for prioritized allocation of resources and attention.
- Understand the concept of safety stock and its role in mitigating supply chain uncertainties and unexpected demand fluctuations.
- Familiarize yourself with different methods of valuing inventory, such as First-In-First-Out (FIFO), Last-In-First-Out (LIFO), and Average Cost.
- Understand relevant regulations and compliance requirements that affect inventory management, such as product safety and environmental standards.
Mastering these aspects of Store and Inventory Management will enable you to effectively control costs, maintain optimal inventory levels, improve operational efficiency, and enhance overall supply chain performance.
Course fees: N 750,000
Certificate to be awarded:
Professional Post-graduate Diploma certificate to be awarded by The Academy of Procurement and Supply Chain Management Practitioners, UK.
- Expert Faculty
- Specialized Curriculum
- Industry Partnerships
- Practical Approach
- Global Perspective
- Personalized Support
- Alumni Success
- State-of-the-Art Facilities
- Research Opportunities
- Holistic Growth