Description

Course Name: Certificate in Inventory & Procurement Management

Global Occupational Skill Standard – GOSS ID: GOSS/AC/CIPM/V1

Eligibility: 10+2 (Higher Secondary) or Equivalent.

Duration: Three Months.

Objective: The Certificate in Inventory & Procurement Management course is designed to equip professionals with the knowledge and skills necessary to support efficient inventory management and procurement operations. The course covers inventory control techniques, procurement processes, supplier relationship management, order processing, record keeping, and basic financial principles related to purchasing. 

Get ready to join the Journey to become a GSDCI Certified Professional  – International Certification and Assessment Body.

Steps to become a GSDCI Certified Professional:

Step 1: Select your certification you want to pursue.

Step 2: Click on get certified tab, new pop up window will open.

Step 3: Click on pay certification fee, you will be redirected to billing details page.

Step 4: Fill your details and click on pay certification fee, You will be redirected to payment gateway, pay fee by any available options like Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.

Step 5: You will get Login Credentials of Online E-Books and Online assessment link on your email id, within 48 hrs of payment.

Step 6: After completion of the online assessment, the soft copy of your certificate will be sent to your registered email ID within 5 days.

Assessment Modules:

Module 1: Introduction to Inventory and Procurement: Role and Responsibilities of Inventory & Procurement Assistant, Overview of Inventory Management, Procurement Process Fundamentals, Types of Inventory, Procurement Policies and Procedures, Importance of Inventory and Procurement in Supply Chain.

Module 2: Inventory Management Techniques: Inventory Classification Methods (ABC, FIFO, LIFO), Stock Control Systems, Inventory Tracking and Record Keeping, Demand Forecasting, Reorder Levels and Safety Stock, Handling Inventory Discrepancies and Audits.

Module 3: Procurement Planning and Vendor Management: Needs Assessment and Procurement Planning, Vendor Identification and Evaluation, Request for Quotation (RFQ) and Proposal (RFP) Processes, Vendor Selection Criteria, Vendor Relationship Management, Contract Basics and Compliance.

Module 4: Purchasing and Order Processing: Purchase Order Creation and Management, Approval Workflows, Negotiation Techniques, Receiving and Inspection Procedures, Handling Returns and Rejections, Documentation and Record Maintenance.

Module 5: Inventory Control Systems and Technology: Use of Inventory Management Software, Barcode and RFID Technologies, Data Analysis and Reporting, Integrating Inventory with Procurement Systems, Automating Procurement Processes, Security and Data Integrity.

Module 6: Compliance, Ethics, and Continuous Improvement: Legal and Regulatory Requirements, Ethical Practices in Procurement, Risk Management in Inventory and Procurement, Performance Measurement and KPIs, Continuous Improvement Techniques, Handling Audits and Reviews.

GSDCI Online Assessment Detail:

• Duration- 60 minutes.
• Number of Questions- 30.
• Number of Questions from each module: 5.
• Language: English.
• Exam Type: Multiple Choice Questions.
• Maximum Marks- 100, Passing Marks- 50%.
• There is no negative marking in any module.

Benefits of Certification:

1. Global Recognition & Credibility – Stand out worldwide with a certification that strengthens your professional profile across borders and demonstrates your skills to employers and institutions.

2. Quality Assurance through ISO Certification – Programs follow an ISO-certified quality management system to promote consistency, reliability, and a standardized learning experience.

3. Career Advancement & Employability – Enhance your résumé, demonstrate professional competence, and improve your prospects for career growth, promotions, or suitable job opportunities.

4. Non-Profit Trust Factor – Certification from a non-profit organization reflects a mission-driven approach focused on skill development, professional learning, and public benefit.

5. Access to Learning Resources – Gain access to useful learning resources such as e-books, mock tests, assessments, and online academic support.

6. Transparency & Online Verification – Each certification includes a unique enrolment or certificate ID, enabling convenient online verification by employers and other interested parties.

7. Lifetime or Long-Term Validity – Certifications may offer lifetime or extended validity, reducing the need for frequent renewal, subject to the applicable certification scheme.