Learn how to control stock accurately, lay out and run a warehouse or store room, and use simple tools to cut losses and stock-outs.
Self-paced written course: text lessons, practical exercises, module quizzes and a final project, delivered online. No video and no live tutor.
What you will learn
Set up SKUs, bin cards and a spreadsheet stock ledger with document-based records.
Value inventory using FIFO and weighted average cost and explain the effect on profit.
Prioritise stock with ABC analysis and set reorder points, safety stock and order quantities.
Forecast demand with moving averages and exponential smoothing and measure forecast error.
Run receiving, storage, picking, dispatch and returns processes that prevent errors and losses.
Plan cycle counts, investigate stock variances and put shrinkage controls in place.
Curriculum
Module 1Inventory Basics4 lessons
1Why Inventory Control Matters to Profit4 min read Free preview
2Types of Inventory and Stock Keeping Units3 min read
3Stock Records: Bin Cards, Ledgers and Systems3 min read
4Valuing Inventory: FIFO and Weighted Average4 min read
QuizModule quiz, 4 questions
Module 2Planning Stock Levels4 lessons
5ABC Analysis for Prioritising Stock3 min read
6Reorder Points and Safety Stock3 min read
7Economic Order Quantity in Practice3 min read
8Forecasting Demand with Simple Methods3 min read
QuizModule quiz, 4 questions
Module 3Warehouse Operations4 lessons
9Receiving and Inspecting Goods3 min read
10Storage Layout, Labelling and Location Codes3 min read
11Picking, Packing and Dispatch3 min read
12Handling Returns, Damages and Expired Stock3 min read
QuizModule quiz, 4 questions
Module 4Control and Improvement3 lessons
13Stock Counts and Cycle Counting3 min read
14Investigating Variances and Preventing Shrinkage3 min read
15Course Project: Inventory Control System for a Small Warehouse4 min read
QuizModule quiz, 4 questions
Final project
Inventory Control System for a Small Warehouse. A practical brief with ordered steps, what to produce and how to check your own work. You confirm it in your learner area.
Who it is for
Storekeepers, warehouse assistants and stores clerks.
Shop, pharmacy, agrovet and wholesale business owners who hold stock.
Operations and administration staff responsible for supplies.
Not for you if you already work confidently with everything in the curriculum below. Look at the other management and leadership courses instead.
Requirements
A computer or smartphone with a spreadsheet program such as Excel or Google Sheets.
Basic spreadsheet skills, such as entering simple formulas and sorting data.
Access to a store room or shop is helpful for the exercises but not essential.
What is included
15 written lessons
15 practical exercises
4 module quizzes
A final project
Certificate of completion with a verification code
Lifetime access to what you buy
Questions about this course
What do I need before I start?
A computer or smartphone with a spreadsheet program such as Excel or Google Sheets. Basic spreadsheet skills, such as entering simple formulas and sorting data. Access to a store room or shop is helpful for the exercises but not essential.
What device do I need?
A phone, tablet or computer with a modern web browser and an internet connection. Lessons are written, so they work on slow connections.
How long do I have access?
Lifetime access to the full course or to any module you buy. All Access and Teams give 12 months of access to every course.
Can I get a refund?
Yes: a full refund within 14 days of purchase if you have completed less than 30% of the course (or of the module, for a single module). Read the refund policy.
Should I buy a module or the full course?
A module (USD 10) unlocks that module's lessons and quiz. The full course (USD 39) unlocks everything and leads to the certificate. If you buy modules first, each one you own is credited at USD 10 when you buy the full course.
Which currency will I pay in?
US dollars (USD). Prices include all taxes where applicable. Your bank may apply its own conversion fee. Card payment is being set up with our bank. After you place your order we email you payment instructions within one working day; your access starts as soon as payment is confirmed.
Management and Leadership learning path
All 18 open courses in this subject for USD 589. Bought separately they cost USD 992, so you save USD 403.