IFS Supply Chain - Inventory Replenishment

ABOUT THE COURSE

This course is a course towards gaining the IFS Certified Specialist - Functional accreditation. It enables students to cover and prepare all of the examination specification topics for the Inventory Replenishment exam.

Target Audience

Those who need to be able to identify and state the essential decisions to be made, basic data to be created and processes involved in the setting up of Inventory Management in support of IFS Inventory Replenishment Module in IFS Applications™.
  1. Inventory Process Flow
  2. Part and Part Structure
  3. Warehouse Structure
  4. Inventory Transactions
  5. Goods Receipt and Quality Inspection
  6. Additional Basic Data and Requirements
  7. Stock Deviation
  8. Serial Tracking and Condition Codes
  9. Internal Requirements
  10. Counting
  11. Replenishment
  12. Inventory transactions and reportsInventory valuation
  13. Remote Warehouse

By the end of this course, students will be able to:

  • Understand the process flows, and the connection of Inventory with other departments
  • Demonstrate the part structure and the contents of the Inventory Part
  • Demonstrate how to set-up additional basic data that is used in the Inventory flows
  • Demonstrate how to set up a Warehouse Structure
  • Demonstrate how to handle Inventory Transactions, such as Scrap and Move Parts
  • Demonstrate how to Register Purchase Order Arrivals, Quality Inspection and Move the Goods to Inventory
  • Demonstrate how to set up Dangerous Good Classification
  • Handle Stock Deviations
  • Handle Counting
  • Handle Inventory Planning
  • Describe basic Inventory Transactions
  • Be aware of different Valuation Methods
  • Demonstrate how to set up a Remote Warehouse
Knowledge: High-level knowledge of the Inventory business processes

Courses: IFS Fundamentals

Exams: IFS Fundamentals (recommended)

Inquire

IFS Academy Inquiry Text

Track:

  • Consultants

IFS Applications Version:

  • IFS Applications 10

Certification:

  • Specialist

Module:

  • IFS Supply Chain

Course ID:

CS10SUPINV

Duration:

2

Type of Course:

  • Workshop