Organizations are increasingly looking for ways to secure competitive advantage through effective inventory control and management.
Importance of Inventory Control and Management
Most organizations need to keep inventories whatever the scale may be.
Organizations are increasingly looking for ways to secure competitive advantage through effective inventory control and management.
Establishing appropriate inventory policies, strategies and procedures is necessary.
Having professionally qualified managers and officers to oversee, plan, co-ordinate, control and supervise inventory operations is critical to organizational effectiveness.
The NIPM Certified Inventory Control and Management- NIPM CICMP Certification is designed for those who need to take charge of the process of achieving a balanced flow of inventory along the supply chain from procurement to storage, production, warehouse, distribution network and eventually to sales in order to meet customer demand at the required speed, optimum cost and the highest level of profit.
Learning the habits and skills of an effective inventory/stock controller and manager is central to performance on the job.
Leverage NIPM CICMP to build or step up your career. Improve your job performance with advanced knowledge and competencies.
Maximize customer satisfaction and shareholder value.
Poor inventory control and management can be a major setback for an organization as it undermines competitiveness, smooth running of production operations, creates cash flow problems, limits the efficiency of warehouse and distribution operations, disrupts customer service and reduces sales, profit and growth potentials of an organization.
NIPM CICPM Certification for Inventory controllers and managers is awarded by the Nigerian Institute of Production Management- NIPM as an attestation of professional competence and excellence.
Inventory is a critical company asset which gulps a large percentage of working capital. Inventory is classified as a current asset on an organization’s balance sheet. It is close to cash; held down it impacts business cash flow; freed and rapidly turned around it increases shareholder value. It is held to ensure smooth running of operations of a business. It is controlled to ensure production does not grind to a halt while customer requirements are met timely. It is managed to keep costs down and customer service at the optimum. Efficiency, effectiveness, reliability and sustainability need to meet for overall organizational effectiveness.
Inventory Control and Management as a key element of Supply Chain Management has a far-reaching impact on an organization’s capacity to run efficiently, profitably and sustainably.
NIPM has a proven track record for administering industry standard certifications.
NIPM CICMP Certification holders are known to demonstrate reliability and competence on the job.
Pass NIPM CICMP Certification Exam and become a Certified Inventory Control and Management Professional.
For further information please contact us at NIPM:
Inventory is one of the most critical assets of a typical organization. As part of the working capital it is a major investment of the business. The way an organization’s inventory is managed determines, in large measure, its financial health status.
Inventory management can help an organization to gain competitive edge over its competitors by preventing stock – outs, optimizing inventory levels, lowering inventory costs, increasing inventory turnover and meeting market demand.
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