The ability to strike a balance between space, inventory costs, lead times and anticipated customer demand is complex. The challenge for inventory managers is in juggling competing priorities to maintain optimal operational productivity.
This online Certificate of Facility and Inventory Management professional development program will provide you with the skills and knowledge required to plan and control inventory levels and manage facility and inventory requirements. You will learn to plan and implement inventory control systems to meet current and forecasted operational and customer demands, and monitor inventory control systems for continuous improvement.
On completion of this course, you will feel confident to meet inventory demands to achieve successful business outcomes for an organisation.
Course Structure
Unit 1 - Manage facility and inventory requirements
- Space requirements
- Medium and long term storage needs
- Storing dangerous goods
- Storage systems
- Block stacking
- Small item storage
- Volume and weight requirements
- Safety and security requirements
- Formal/informal hazard identification
- Hazard assessment
- Manager / supervisor role
- Checklists
- Risk assessment nomogram
- Security program and procedures
- Storage handling security
- Incident /emergency procedures
- Fire prevention systems
- First aid facilities
- Evacuation plan
- Documentation systems
- Recording stock location
- Receival and dispatch
- Customer, carrier communication
- Employee communication
- Design storage zone
- Space requirements
- Equipment operation
- Double deep racking
- Drive in racking
- Maintenance and cleaning areas
- Facility utilisation
- Optimum function
- SWOT analysis
- KPI’s
- Quality circles
- Ergonomic compliance
- Legislation
- Code of practice
- Safe lifting practices
- Product damage and stock losses
- Reporting
- Stock to sales ratio
- Return on investment
- Economic order quantity
Unit 2 - Administer inventory systems
- Inventory control systems
- Labelling systems
- Forms of third-party logistics
- Third party inventory control
- Forecasting methods and tools
- Open to buy merchandise
- Forecasting methods and tools
- Weeks cover
- Stock turn
- Policies and procedures
- Inventory systems
- Inventory characteristics
- Inventory valuation methods
- Stock specification
- Labelling systems
- Barcode systems
- Radio frequency identification system (RFID)
- Receiving stock
- Despatch area
- Processes (receiving and despatching)
- Workplace despatch flow chart
- Monitoring and reordering stock
- Requisitioning stock
- Stock sorting, recycling and disposal
- Stock damage and losses
- Checking quality of stock
- Damaged stock
- Reducing waste
- Security measures
- Handling stock
- Monitoring and tracking inventory
- Informing buyers of stock levels
- Monitoring inventory transactions
- Reorder cycles
- Managing discrepancies
- Inventory reports
- Inventory turnover ratio
- Vendor Managed Inventory (VMI) systems
- Inventory audits and cycle counts
- Conducting a stocktake
- Team member tasks and responsibilities
- Preparing reports for management
- Variance reports
Assessment
Assessment Information
When you study with Australian Online Courses, you will be assessed using a competency-based training method.
Competency-based training focuses on the achievement of skills and knowledge against set criteria to meet industry-standard and is not benchmarked against other students’ work.
In this course, the assessment will be comprised of written assignments and exercises, which may include short answer questions, reports, essays, research projects and reflective tasks.
If you do not achieve a competency result on your first attempt, you have two more attempts to pass your assessment. So, you have three attempts in total to obtain a competency result.
In this way, you can complete your course in your own time and at your own pace with the assistance of unlimited tutor support.
Testimonials
I have found that while studying and doing this course online that I still managed to achieve full knowledge in Inventory Management and that I had full support online along the way.
H.Davidson, Wynnum West, QLD | Certificate of Facility and Inventory Management
I found the course easy to access and satisfying
R. Cockinos, Forster, NSW | Certificate of Facility and Inventory Management
It is good experience to learn online with Australian online courses
S. Patel, Blacktown,NSW | Certificate of Facility and Inventory Management
Course FAQs
Why Choose Australian Online Courses?
- Professional development that is widely recognised and respected;
- Improve your employment opportunities;
- Study online, anywhere via our elearning system;
- High-quality professional development programs written by industry experts;
- All course materials provided online – no textbooks to buy;
- Unlimited tutor support via email;
- We offer twelve (12) months’ access, with extensions available upon application (fees apply);
- Course may be tax deductible; see your tax advisor.
Are there any entry requirements or pre-requisites?
There are no entry requirements or pre-requisites for entry into this program.
How long will it take to complete this course?
The approximate study hours for this course is 30 hours. Twelve (12) months’ access, with extensions available upon application (fees apply).
Can I purchase optional printed materials?
Yes! The cost for printed materials for this course is $50 per unit. Total cost for optional printed materials is: $100.00. Printed materials are available for purchase at any time and not require to complete this course. Everything you need to complete the course is provided online via our e-learning system.
When can I start this course?
You can start within 60 minutes during business hours when you enrol and pay in full with a credit card!
Credit card: Within 60 mins during business hours.
BPAY: Within 1-2 working days.
Internet Banking: Within 1-2 working days.
Cheque/Money Order: Upon receipt of mailed cheque.
Will I receive a certificate upon completion of this course?
Yes! You will receive a Certificate of Attainment upon successful completion of your assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our e-learning system and there are no work placement requirements in this course.
What support can I expect from Australian Online Courses?
Unlimited tutor support is available throughout your studies via email during business hours Monday to Friday. Our Administrative team are available Monday to Friday via email, live chat and telephone.
I am an international student. Can I enrol into this course?
Yes! We accept enrolments from individuals both within Australia and internationally; location is no barrier to entry into our programs.
Career Pathways
Future growth
Strong
Unemployment
Low
- Inventory and Facilities Coordinator
- Inventory Support Officer
- Inventory Planner
- Facilities Coordinator
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