Course Overview
Inventory Management course is designed to equip learners with a profound understanding of key concepts and practices essential for effective control and optimisation of inventory within organisational settings. The course is designed to equip participants with the knowledge and skills necessary to implement efficient inventory management strategies, ensuring smooth operations and cost-effectiveness. The course covers key topics such as the fundamental concepts of storage and classification of inventory for streamlined management, purchase and sales order management processes, techniques to track additional costs of purchase and integrate them into inventory systems, insights into the manufacturing process, including its impact on inventory and job work management, job costing, understanding and utilizing inventory reports to analyze and enhance business operations.
This course is suitable for individuals aspiring to pursue careers in inventory management, operations, or accounting. It is also ideal for business professionals seeking to enhance their skills in inventory control and optimisation using Tally.
Course Features
Blended Learning Module
The blended learning module combines text-based materials with interactive video content, providing a comprehensive learning experience.
Interactive Learning Materials
Interactive learning materials includes a variety of resources such as explainer videos, tutorial videos, quizzes, and infographics, ensuring an engaging and effective learning journey.
Tally Tutor (AI Learning Assistant)
Tally Tutor is an AI-powered learning assistant that instantly answers course-related queries, links learners to relevant chapters, and explains real-world Tally examples, making learning smarter, faster, and more engaging.
Advanced Features
Grading and Assessment
Grading and assessment consist of various question types including multiple choice questions (MCQs), true or false, match the following, and image-based questions.
Verifiable Certificate
The course is designed in accordance with industry-preferred curriculum standards, known as competency frameworks. Upon completion, learners receive a digital certificate verified by Tally.
What You Will Learn
- Learning Objectives & Introduction of Storage and Classification of
Inventory - Inventory Masters in TallyPrime
- Tracking of Movements of Goods in Batches/Lots
- Price Levels and Price Lists
- Conclusion
- E-Quiz
- Learning Objectives & Introduction to Purchase and Sales Order
Management - Purchase Order Processing
- Sales Order Processing
- Order Outstandings
- Re-order Level in Tally.
- Godown Transfer in Tally
- Conclusion
- E-Quiz
- Learning Objectives & Introduction to Tracking Additional Costs of
Purchase - Configuring Additional Cost in Transactions
- Conclusion
- E-Quiz
- Learning Objectives and Introduction of Manufacturing Process- Job
Work - Job Work Out Order Processing
- Transfer of Materials (Inter-Godown)
- Conclusion
- E-Quiz
- Learning Objectives and Introduction of Job Costing
- Documents used in Job Costing Process
- Enabling Job Costing in Tally
- Creation of Chart of Accounts for Job Costing Process
- Recording Job Costing Related Transactions
- Job Costing Reports
- Conclusion
- E-Quiz
- Overview of Inventory Reports in Tall
Your Learning Journey
Frequently Asked Questions
This course is highly recommended for working professionals and students who aspire to build a successful career in Finance, and Taxation or as an entrepreneur. To get enrolled for this course, one must have completed their Graduation.
To enroll in this course, you must be a working professional and have completed your graduation in any stream. The course is designed in the best and simplest way possible, aligned with the all-new Tally Prime software.
This certification program covers topics on Inventory Management. The content is aligned with current statutory requirements, making it highly preferred in the industry.
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