Complete Guide to Inventory Management
Overview
The Complete Guide to Inventory Management course provides a comprehensive understanding of managing and controlling inventory using TallyPrime. Designed to meet industry standards, this course equips learners with practical knowledge of storage, classification, order processing, manufacturing job work, and job costing.
You will learn how to configure inventory masters, track stock movements through batches and lots, manage purchase and sales orders, set reorder levels, handle godown transfers, and generate detailed inventory reports. Through real-world business scenarios, interactive learning materials, and structured assessments, this course prepares you to efficiently manage inventory operations across industries.
Features
- ✔ Practical training using TallyPrime
- ✔ Blended learning (text + video modules)
- ✔ Interactive quizzes and graded assessments
- ✔ One-year access to learning materials
- ✔ TallyPrime on Cloud for hands-on practice
- ✔ AI-powered Tally Tutor assistance
- ✔ Digital verifiable certificate
- ✔ Access to Tally Job Portal
Eligibility
This course is suitable for:
- Students pursuing Commerce or Business studies
- B.Com, BBA, MBA (Finance/Operations) students
- Accounting professionals
- Inventory & store executives
- Entrepreneurs and business owners
- Anyone interested in learning practical inventory management
No prior advanced knowledge is required. Basic understanding of accounting concepts is helpful.
Course Curriculum
Module 1: Storage and Classification of Inventory
- Learning Objectives & Introduction
- Inventory Masters in TallyPrime
- Tracking Movements of Goods in Batches/Lots
- Price Levels and Price Lists
- Conclusion
- E-Quiz
Module 2: Purchase and Sales Order Management
- Introduction to Purchase and Sales Orders
- Purchase Order Processing
- Sales Order Processing
- Order Outstanding
- Reorder Level in Tally
- Godown Transfer in Tally
- Conclusion
- E-Quiz
Module 3: Tracking Additional Costs of Purchase
- Introduction to Additional Cost Tracking
- Configuring Additional Cost in Transactions
- Conclusion
- E-Quiz
Module 4: Manufacturing Process – Job Work
- Introduction to Manufacturing & Job Work
- Job Work Out Order Processing
- Job Work In Order Processing
- Transfer of Materials (Inter-Godown)
- Conclusion
- E-Quiz
Module 5: Job Costing
- Introduction to Job Costing
- Documents Used in Job Costing
- Enabling Job Costing in Tally
- Creation of Chart of Accounts for Job Costing
- Recording Job Costing Related Transactions
- Job Costing Reports
- Conclusion
- E-Quiz
Internship
Learners may get opportunities to participate in practical industry-based assignments and simulated business case studies. The internship component helps in:
- Applying real-time inventory management concepts
- Working on order processing and stock tracking scenarios
- Understanding manufacturing and job costing workflows
- Enhancing job-readiness skills
Placement Assistance
Students receive placement support through:
- Access to Tally Job Portal
- Employer connections
- Resume guidance
- Interview preparation support
- Career counselling
This assistance helps learners explore opportunities in accounting, operations, inventory control, and supply chain roles.
Frequently Asked Questions (FAQ)
Q1. Do I need prior experience in Tally?
No prior advanced experience is required. The course starts with fundamentals.
Q2. Will I get practical training?
Yes, learners practice on TallyPrime through guided exercises and simulations.
Q3. Is certification provided?
Yes, a digital verifiable certificate is issued upon successful completion.
Q4. How long do I get access to the course?
Learners receive one-year access to the course materials.
Q5. What career roles can I apply for after completion?
Inventory Executive, Store Manager, Operations Executive, Accounts Executive, and Job Costing Executive.
Trust and Credibility
- Industry-aligned curriculum designed as per competency standards
- Training based on TallyPrime software
- Structured assessments and grading system
- Verifiable digital certification
- Recognised by employers in accounting, finance, and operations sectors
- Practical and application-oriented learning approach