Inventory & Stock Operation
Objective
The objective of this course is to provide participants with a comprehensive understanding of inventory and stock accounting. It covers the essentials of inventory management, including the importance of inventory, the preparation of various registers and documents, and material classification. By integrating theoretical knowledge with practical skills, the course aims to equip learners with the ability to manage and account for inventory effectively, ensuring accurate stock control and efficient operations.
Target Audience
This course is designed for Graduates, Post Graduates, IT Professionals, Management Students, Inventory managers, Stock in charge, Storekeepers, Accountants, Warehouse Supervisors, and Logistics Professionals. It is also suitable for recent graduates and professionals seeking to specialise in inventory management and stock accounting. Business owners and managers who need to understand inventory processes and documentation will also benefit from this course.
Duration of Course
4 weeks
Credit Weight
1 Credits
Certificate
A certificate will be awarded upon successful completion of the course, validating the practical knowledge and skills acquired.
Career Advancement
Upon completion of this course, participants will have a thorough understanding of inventory and stock accounting principles, including inventory importance, document preparation, and stock management procedures. This knowledge will enhance their capabilities in managing inventory, improving operational efficiency, and supporting accurate financial reporting, thereby advancing their career opportunities in inventory management and related fields. The students upon successful completion of this course can choose from a diverse range of job roles like inventory manager, stock accountant, warehouse supervisor, logistics coordinator, Store Keeper, Store Assistant, Store Incharge and related profiles.
Module - 1 Company & Inventory Overview
- Introduction of Company
- Object & Vision
- Scope of works
- About Inventory
- Importance of Inventory
Module - 2 Time Office & DMR
- Time office / Security Office
- How to work Time Office / Security office
- Meaning of DMR
- How to Prepare DMR
- Benefits of DMR
- DMR Register Preparation
Module - 3 Indent & Stock Processes
- Indent and Indent Preparation Procedure
- Indent Process Procedure
- Indent Register
- Preparation of Challan
- Invoice
- Memo
- Goods Register
- Stock Checking & Verification Process
Module - 4 Material & Stock Records
- Material Classification
- Material Movement Procedure
- GRN
- Material Measurement and Counting Procedure
- Stock Register
- Store Ledger
- Store Book
- Material Wise Book
- Supplier Wise Book
- Records & Documentation
Learning Management System (LMS) Panel:
- Lifetime Access: Students can log in securely at any time.
Course Features
- Live Online Classes: Engage in real-time sessions with instructors
- Interactive Sessions: Participate in discussions and Q&A to enhance learning.
- Practical Sessions: Apply concepts through hands-on activities.
- Class Recordings: Access recordings of live classes for review at your convenience
- Self-Learning Videos: Benefit from pre-recorded videos to reinforce learning.
- Digital Course Materials: Receive a soft copy of all course content.
- Assignments: Complete practical assignments to apply your knowledge.
- Practice Assessments: Test your understanding with practice quizzes.
- Final Assessment: Evaluate your overall progress with a comprehensive exam.