Certified Inventory manager
VS-1131
Certified Inventory manager
www.vskills.in
C CC Certified ertified ertified ertified Inventory manager Inventory manager Inventory manager Inventory manager
Certification Code Certification Code Certification Code Certification Code VS-1131
Vskills certification for Inventory Manager assesses the candidate as per the companys
need for store or logistics of goods. The certification tests the candidates on varios areas in
economic order !antity" kno#n or ncertain demand models" forecasting demand"
aggregate planning" master schedles and $st-in-time.
%hy shold one take this certification& %hy shold one take this certification& %hy shold one take this certification& %hy shold one take this certification&
This Corse is intended for professionals and gradates #anting to e'cel in their chosen
areas. It is also #ell sited for those #ho are already #orking and #old like to take
certification for frther career progression.
(arning Vskills Inventory Manager Certification can help candidate differentiate in today)s
competitive $o* market" *roaden their employment opportnities *y displaying their
advanced skills" and reslt in higher earning potential.
%ho #ill *enefit from taking this certification& %ho #ill *enefit from taking this certification& %ho #ill *enefit from taking this certification& %ho #ill *enefit from taking this certification&
+o* seekers looking to find employment in store or logistics departments of varios
companies" stdents generally #anting to improve their skill set and make their CV
stronger and e'isting employees looking for a *etter role can prove their employers the
vale of their skills throgh this certification.
Test ,etails Test ,etails Test ,etails Test ,etails
,ration- ,ration- ,ration- ,ration- ./ mintes
0o. of !estions- 0o. of !estions- 0o. of !estions- 0o. of !estions- 1/
Ma'imm marks- Ma'imm marks- Ma'imm marks- Ma'imm marks- 1/" 2assing marks- 31 41/56
There is no negative marking in this modle.
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Companies that hire Vskills Companies that hire Vskills Companies that hire Vskills Companies that hire Vskills Inventory Manager Inventory Manager Inventory Manager Inventory Manager
Inventory Managers are in great demand. Companies speciali:ing in logistics or
#arehosing are constantly hiring skilled Inventory Manager. Varios p*lic and private
companies also need Inventory Manager for their store or logistics departments.
Certified Inventory manager
www.vskills.in
Ta*le of Contents Ta*le of Contents Ta*le of Contents Ta*le of Contents
1. 1. 1. 1. Stocks and Inventories Stocks and Inventories Stocks and Inventories Stocks and Inventories
1.1 Stocks of materials
1.2 Reasons for holding stocks
1.3 Stocks in the supply chain
1.4 Trends affecting stock
1.5 Changes to aggregate stocks
3. 3. 3. 3. Stocks #ithin an ;rgani:ation Stocks #ithin an ;rgani:ation Stocks #ithin an ;rgani:ation Stocks #ithin an ;rgani:ation
2.1 Inventory management and logistics
2.2 Setting the aims of inventory management
2.3 Strategic role of stock
2.4 Costs of holding stock
2.5 Approaches to inventory control
3. 3. 3. 3. (conomic ;rder <antity (conomic ;rder <antity (conomic ;rder <antity (conomic ;rder <antity
Defining the economic order quantity
Adjusting the economic order quantity
Uncertainty in demand and costs
Adding a finite lead time
=. =. =. =. Models for >no#n ,emand Models for >no#n ,emand Models for >no#n ,emand Models for >no#n ,emand
4.1 Price discounts form suppliers
4.2 Finite replenishment rate
4.3 Planned shortages with back-orders
4.4 Lost sales
4.5 Constraints on stock
4.6 Discrete, variable demand
1. 1. 1. 1. Models for ?ncertain ,emand Models for ?ncertain ,emand Models for ?ncertain ,emand Models for ?ncertain ,emand
5.1 Uncertainty in stocks
5.2 Models for discrete demand
5.3 Order quantity with short tags
5.4 Service level
5.5 Uncertain lead time demand
5.6 Periodic review methods
.. .. .. .. Sorces of Information Sorces of Information Sorces of Information Sorces of Information
6.1 Inventory management information systems
6.2 Information from accounting
6.3 Information about supply and demand
6.4 Warehousing
Certified Inventory manager
www.vskills.in
@. @. @. @. 7orecasting ,emand 7orecasting ,emand 7orecasting ,emand 7orecasting ,emand
7.1 Methods of forecasting
7.2 Judgmental forecasts
7.3 Time series
7.4 Causal forecasting
7.5 Projective forecasting
7.6 Planning forecasts
A. A. A. A. 2lanning 2lanning 2lanning 2lanning and Stocks and Stocks and Stocks and Stocks
8.1 Levels of planning
8.2 Aggregate planning
8.3 Master schedules
8.4 Operational schedules
8.5 Simulation of stocks
B. B. B. B. +st +st +st +st- -- -in in in in- -- -time time time time
9.1 Principles of just-in-time
9.2 Main features fir stocks
9.3 Achieving just-in-time operations
9.4 Benefits and disadvantages of JIT
9.5 Extending JIT along the supply chain
9.6 Comparisons with other methods of inventory management
Certified Inventory manager
www.vskills.in
Sample <estions Sample <estions Sample <estions Sample <estions
1. 1. 1. 1. %hich of the follo#ing is a fnction of inve %hich of the follo#ing is a fnction of inve %hich of the follo#ing is a fnction of inve %hich of the follo#ing is a fnction of inventory& ntory& ntory& ntory&
C. To decople or separate parts of the prodction process
D. To provide a stock of goods that #ill provide a selection for cstomers
C. To take advantage of !antity disconts
,. Cll of the a*ove are fnctions of inventory
3 33 3. . . . %hich of the follo#i %hich of the follo#i %hich of the follo#i %hich of the follo#ing #old not generally *e a motive for a firm to hold ng #old not generally *e a motive for a firm to hold ng #old not generally *e a motive for a firm to hold ng #old not generally *e a motive for a firm to hold
inventories& inventories& inventories& inventories&
C. To decople or separate parts of the prodction process
D. To provide a stock of goods that #ill provide a selection for cstomers
C. To take advantage of !antity disconts
,. To minimi:e holding costs
3 33 3. . . . %hat is c %hat is c %hat is c %hat is cycle conting ycle conting ycle conting ycle conting& && &
C. Is a process *y #hich inventory records are verified once a year
D. 2rovides a measre of inventory accracy
C. 2rovides a measre of inventory trnover
,. Cssmes that all inventory records mst *e verified #ith the same fre!ency
= == =. . . . %hat are t %hat are t %hat are t %hat are the t#o most *asic inventory !estions ans#ered *y the typical he t#o most *asic inventory !estions ans#ered *y the typical he t#o most *asic inventory !estions ans#ered *y the typical he t#o most *asic inventory !estions ans#ered *y the typical
inventory model are inventory model are inventory model are inventory model are& && &
C. Timing and cost of orders
D. <antity and cost of orders
C. Timing and !antity of orders
,. ;rder !antity and service level
1 11 1. . . . % %% %hat does hat does hat does hat does inventory models attempt to minimi:e inventory models attempt to minimi:e inventory models attempt to minimi:e inventory models attempt to minimi:e& && &
C. The likelihood of a stock ot
D. The nm*er of items ordered
C. Total inventory *ased costs
,. The nm*er of orders placed
Answers: 1 (D), 2 (D), 3 (B), 4 (C), 5 (C)
