Complete Guide to Inventory Management

Our Inventory Management course offers a comprehensive understanding of inventory control and stock management using TallyPrime software, designed for simplicity and flexibility. You’ll gain expertise in essential practices such as storage, classification, batch handling, job costing, and material tracking, ensuring you can optimize and control inventory within any organization.

Key learning outcomes include:

Managing purchase orders efficiently
Setting up reorder levels for stock control
Handling godown transfers and warehouse operations
Generating detailed inventory reports for analysis

Through real-world business scenarios, quizzes, and practical exercises, you’ll master inventory management techniques that are vital for careers in Operations, Accounting, Supply Chain, and Business Administration.

This course equips you with the skills to streamline inventory processes, reduce costs, and ensure compliance with organizational standards.

What You Will Learn

Module 1 : Storage and Classification of Inventory

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

Module 2 : Purchase and Sales Order Management

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

Module 3 : Tracking Additional Costs of Purchase

Learning Objectives & Introduction to Tracking Additional Costs of Purchase
Configuring Additional Cost in Transactions
Conclusion
E-Quiz

Module 4 : Manufacturing Process-Job Work

Learning Objectives and Introduction of Manufacturing Process- Job Work
Job Work Out Order Processing
Job Work In Order Processing
Transfer of Materials (Inter-Godown)
Conclusion
E-Quiz

Module 5 : Job Costing

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

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