Inventory Control FAQs
What is the format of the Inventory Control certification exam?
The exam typically consists of multiple-choice questions, case-based scenarios, and calculation-based questions to assess both theoretical understanding and practical application.
What topics are primarily covered in the exam?
Key topics include inventory types, inventory control techniques (EOQ, ROP, ABC analysis), forecasting methods, valuation techniques, KPIs, ERP usage, and inventory auditing.
Is there any prerequisite to appear for the exam?
While there are no mandatory prerequisites, having a basic understanding of supply chain operations or prior experience in inventory-related roles is recommended.
How long is the duration of the exam?
The exam duration is typically 90 to 120 minutes, depending on the certifying body and the depth of the examination.
What is the passing score for the certification?
The passing score generally ranges between 65% to 75%, subject to variation based on the organization conducting the exam.
Is the exam available online?
Yes, most certification providers offer the exam in both online and in-person formats, with online proctoring for remote candidates.
Are calculators or other tools allowed during the exam?
Basic calculators are usually permitted, especially for computation-related questions. However, advanced programmable devices may be restricted.
Can the exam be retaken if not passed on the first attempt?
Yes, candidates are allowed to retake the exam. Most institutions have a policy of one or more retakes with a stipulated waiting period.
Does the certification have an expiration or renewal requirement?
Some certifications may have a validity period of 2–3 years, after which recertification or proof of continuing education might be required.
How should one prepare effectively for the Inventory Control exam?
Effective preparation involves studying relevant course materials, practicing with mock tests, understanding key inventory concepts, and gaining hands-on experience with inventory systems if possible.