Top 11 Inventory Analyst Certifications

Certifications are important for an inventory analyst in the job market because they demonstrate to employers that the individual has the knowledge and skills required to be successful in the industry. Certifications can also provide recognition and credibility, as well as a competitive edge when applying for jobs. They can also help inventory analysts stay updated on best practices, trends, and technologies. Additionally, certifications can open up new opportunities by providing access to educational resources, professional networks, and career advancement tools.

The purpose of this article is to review some of the top certifications for Inventory Analysts and explain how they can help to advance an inventory analyst's career.

What are Inventory Analyst Certifications?

Inventory analyst certification is a professional designation that recognizes the expertise and knowledge of inventory analysts in the field of supply chain management. The certification program is designed to provide professionals with the skills and knowledge necessary to develop, implement, and manage effective inventory control systems. It also provides an understanding of the various techniques used for accurate forecasting and efficient inventory management.

The certification program helps individuals gain proficiency in areas such as inventory analysis, demand planning, and inventory optimization. Additionally, it allows them to understand how to use technology to improve their processes, such as incorporating automated data collection tools into their system. This knowledge can help them create more informed decisions regarding purchasing and stocking levels, reducing costs while also increasing customer satisfaction.

Furthermore, having an inventory analyst certification demonstrates a level of professionalism that potential employers look for when hiring new employees or promoting existing ones. It can provide a competitive advantage over those who do not possess this credential and increase one's chances of success in their career.

Pro Tip: Before pursuing inventory analyst certification, it is important to gain experience in the field. Having a thorough understanding of inventory management and analysis can help you better prepare for the certification exam. Additionally, taking classes or studying online resources can help you develop a deeper understanding of the material.

Related: What does an Inventory Analyst do?

Top 11 Inventory Analyst Certifications

Here’s our list of the best certifications available to Inventory Analysts today.

1. Certified Inventory Manager (CIM)

Certified Inventory Manager (CIM) is a professional certification program offered by the Association for Operations Management (APICS). The CIM program is designed to provide professionals with the knowledge and skills necessary to effectively manage inventory in a variety of industries. It focuses on topics such as inventory management, supply chain management, operations management, and logistics.

The CIM certification program consists of three parts: an online self-study course, an online exam, and a final exam. The online self-study course covers topics such as inventory control systems, supply chain management techniques, inventory forecasting methods, and inventory optimization strategies. The online exam consists of multiple choice questions that test your understanding of the material covered in the self-study course. The final exam is a hands-on assessment where you must demonstrate your ability to apply the concepts learned in the self-study course.

The CIM certification program typically takes 6-12 months to complete depending on how quickly you are able to complete the required courses and exams. To get started with the CIM certification program, you will need to register with APICS and pay a fee which varies depending on whether you choose to take the self-study course or attend classroom sessions. Once registered, you will be provided with access to all of the materials needed for completion of the program including study guides and practice tests.

The cost of obtaining Certified Inventory Manager (CIM) certification varies depending on which type of registration option you choose (self-study or classroom). Self-study registration typically costs between $400-$600 USD while classroom registration usually costs between $800-$1000 USD.

2. Certified Professional in Supply Management (CPSM)

Certified Professional in Supply Management (CPSM) is a professional certification program offered by the Institute for Supply Management (ISM). It is designed to recognize individuals who have demonstrated a high level of knowledge and expertise in the field of supply chain management. The certification is based on a comprehensive body of knowledge that covers topics such as strategic sourcing, contract management, supplier relationship management, inventory control, and logistics.

To become certified, applicants must pass three exams that cover the core competencies of supply chain management. Each exam consists of multiple choice questions and takes approximately four hours to complete. Applicants must also have at least three years of professional experience in the field.

The cost for taking the exams varies depending on whether or not you are an ISM member. For non-members, the cost is $450 per exam ($1,350 total). For ISM members, the cost is $325 per exam ($975 total).

Once all three exams are passed, applicants will receive their CPSM certification which is valid for five years. To maintain their certification status, they must complete 45 Continuing Education Units (CEUs) every five years.

3. Certified in Production and Inventory Management (CPIM)

Certified in Production and Inventory Management (CPIM) is a professional certification program offered by the Association for Operations Management (APICS). The CPIM program is designed to provide professionals with the knowledge, skills, and abilities needed to effectively manage production and inventory activities within an organization.

The CPIM program consists of five courses: Basics of Supply Chain Management, Master Planning of Resources, Detailed Scheduling and Planning, Execution and Control of Operations, and Strategic Management of Resources. Each course covers topics such as supply chain management principles, operations planning and control systems, inventory management techniques, forecasting methods, quality assurance processes, production activity control systems, and performance measurement systems.

It typically takes between six months to two years to complete the CPIM program depending on how much time you can dedicate to studying. To get certified in the CPIM program you must pass all five exams with a minimum score of 70%. You must also have at least three years of professional experience in production or inventory management or related fields.

The cost for the CPIM program varies depending on which study materials you choose. The APICS website offers several packages that range from $1,100-$2,500 USD.

4. American Purchasing Society Certified Professional Purchasing Manager (CPM)

The American Purchasing Society Certified Professional Purchasing Manager (CPM) is a professional certification program designed to recognize the expertise and experience of purchasing managers. It is an internationally recognized credential that demonstrates a high level of knowledge and skill in the field of purchasing management.

To become a CPM, individuals must meet certain eligibility requirements, including having at least five years of full-time purchasing management experience, completing at least 60 hours of continuing education related to purchasing topics, and passing a comprehensive exam. The exam covers topics such as strategic sourcing, supplier relationship management, contract negotiation and administration, cost analysis and pricing strategies, inventory control, and more.

It typically takes between six months to one year to complete all the requirements for the CPM certification. The cost of the certification process varies depending on the individual’s qualifications and experience. Generally speaking, it can range from $1,500 to $3,000 USD.

5. APICS Certified Supply Chain Professional (CSCP)

The APICS Certified Supply Chain Professional (CSCP) is a professional certification program offered by the Association for Operations Management (APICS). It is designed to recognize individuals who have demonstrated mastery of the essential knowledge and skills required to manage global supply chain activities. The CSCP credential is recognized as the premier certification for supply chain professionals around the world.

It takes approximately four months to complete the CSCP program, depending on how much time you are able to dedicate to studying. To get certified, you must first purchase an exam registration kit from APICS and complete a series of self-study modules. After completing all of the modules, you will be eligible to take the three-hour CSCP exam at an approved testing center.

The cost of the CSCP exam registration kit is $695 USD for members of APICS or $995 USD for non-members. This fee includes access to online study materials, practice exams, and one attempt at taking the CSCP exam. Additional attempts cost an additional fee.

6. International Supply Chain Education Alliance (ISCEA) Certification

The International Supply Chain Education Alliance (ISCEA) Certification is a professional certification program that provides comprehensive education and training in supply chain management. It is designed to help individuals develop the skills and knowledge necessary to become successful supply chain professionals. The ISCEA Certification is offered in four levels: Certified Supply Chain Professional (CSCP), Certified Logistics Professional (CLP), Certified Distribution & Logistics Professional (CDLP) and Certified Global Trade Professional (CGTP).

The CSCP certification requires completion of an online course, passing an exam, and having three years of relevant work experience. The CLP certification requires completion of an online course, passing an exam, and having two years of relevant work experience. The CDLP certification requires completion of an online course, passing an exam, and having one year of relevant work experience. The CGTP certification requires completion of an online course, passing an exam, and having five years of relevant work experience.

It typically takes between six months to one year to complete the requirements for each level of the ISCEA Certification program depending on the individual's study habits and availability. To get certified through ISCEA, individuals must first register for the appropriate level of certification they are seeking on the ISCEA website. Once registered, individuals will receive access to the required courses needed to prepare for their exams as well as other resources such as practice tests and study guides. After completing all required courses and passing the corresponding exams with a minimum score of 70%, individuals will be awarded their respective certifications from ISCEA.

The cost for each level varies depending on which package you choose but generally ranges from $1,000 - $2,500 USD per level.

7. Institute for Supply Management’s Certified Professional in Supplier Diversity (CPSD)

The Certified Professional in Supplier Diversity (CPSD) is a certification program offered by the Institute for Supply Management (ISM). It is designed to recognize professionals who have demonstrated a mastery of knowledge and skills related to supplier diversity. The CPSD certification is intended to demonstrate that an individual has achieved a level of excellence in the field of supplier diversity.

To become certified, applicants must meet certain educational and experience requirements, as well as pass an exam. Applicants must have at least five years of professional experience in supplier diversity or related fields, and must also have completed at least 24 hours of approved training in supplier diversity topics. Once all of these requirements are met, applicants can register for the exam.

The exam consists of 150 multiple-choice questions and takes approximately four hours to complete. The cost for the exam is $400 for ISM members and $500 for non-members. Upon successful completion of the exam, individuals will receive their CPSD certification from ISM.

8. National Association of Purchasing Management’s Certified Purchasing Professional (CPP)

The Certified Purchasing Professional (CPP) is a professional certification offered by the National Association of Purchasing Management (NAPM). The CPP credential is designed to recognize individuals who have demonstrated a high level of knowledge and skill in purchasing and supply management. It is intended to provide employers with assurance that the certified individual has achieved a certain level of competency in the field.

To earn the CPP credential, individuals must pass an exam administered by NAPM. The exam consists of 200 multiple-choice questions covering topics such as purchasing fundamentals, supplier relations, contract law, and total cost analysis. Candidates must also demonstrate at least two years of experience in purchasing or supply management.

The exam can be taken at any one of NAPM’s testing centers located throughout the United States. The cost for taking the exam is $325 for members of NAPM and $425 for non-members. Candidates are allowed up to four hours to complete the exam. Those who pass will receive their CPP certification within four weeks after completion of the exam.

In order to maintain their certification, CPPs must participate in continuing education activities every three years as part of their recertification process. This includes attending conferences, workshops, seminars, or other educational events related to purchasing or supply management.

9. American Production and Inventory Control Society’s CPIM-Fellow Designation

The American Production and Inventory Control Society’s (APICS) Certified in Production and Inventory Management (CPIM)-Fellow Designation is a professional certification program that recognizes individuals who have achieved a high level of expertise in the field of production and inventory management. The CPIM-Fellow designation is the highest level of certification offered by APICS, and it requires a significant investment of time, energy, and money to achieve.

To become a CPIM-Fellow, an individual must first complete all five modules of the CPIM program: Basics of Supply Chain Management, Master Planning of Resources, Detailed Scheduling and Planning, Execution and Control of Operations, and Strategic Management of Resources. After completing all five modules, candidates must pass the CPIM exam for each module with a score of at least 70%. Once these requirements are met, applicants may apply for the CPIM-Fellow designation.

The application process for the CPIM-Fellow designation requires that candidates submit evidence of their experience in production and inventory management. This includes documentation such as job descriptions, performance reviews, awards or recognition received from employers or other organizations related to production and inventory management activities. Additionally, applicants must provide three letters of reference from colleagues or supervisors attesting to their knowledge in this field.

Once accepted into the program, candidates will be required to complete a project demonstrating their mastery in production and inventory management. This project should include a written report outlining how they applied their knowledge to solve a real-world problem related to production and inventory management. Candidates must also submit an executive summary describing how they developed solutions to improve operations within their organization or industry sector.

The cost for the CPIM-Fellow designation varies depending on whether you take online classes or attend instructor-led classes. The cost for online classes ranges from $2195 - $2995 USD depending on which modules you select; instructor-led classes range from $2495 - $4295 USD depending on which modules you select. Additionally there is an annual fee associated with maintaining your certification status which is currently set at $50 USD per year.

In total it can take up to two years to earn the CPIM-Fellow designation if you are taking online courses; however if you are taking instructor led courses it can take up to three years due to additional coursework requirements associated with those courses.

10. Association for Operations Management’s Certified Supply Chain Analyst (CSCA)

The Certified Supply Chain Analyst (CSCA) is a professional certification offered by the Association for Operations Management (APICS). The CSCA certification is designed to recognize individuals who have demonstrated a comprehensive understanding of supply chain management principles and practices.

The CSCA certification requires candidates to demonstrate knowledge in areas such as logistics, inventory management, production planning, procurement and sourcing, transportation and distribution, customer service, and quality assurance. Candidates must also be able to demonstrate an understanding of the global supply chain environment and its impact on business operations.

In order to obtain the CSCA certification, candidates must pass a written exam administered by APICS. The exam consists of 150 multiple-choice questions that cover topics related to supply chain management. Candidates have three hours to complete the exam.

Candidates may also be required to meet certain educational or work experience requirements in order to qualify for the CSCA certification. For example, applicants may need at least two years of relevant work experience or an undergraduate degree in a related field.

The cost of obtaining the CSCA certification varies depending on whether you are an APICS member or non-member. For non-members, the cost is $595 USD; for members, it is $495 USD. Additionally, there are fees associated with retaking the exam if necessary.

Overall, obtaining the CSCA certification can take several months depending on how quickly you can prepare for and pass the written exam.

11. Chartered Institute of Procurement & Supply's Diploma in inventory management

The Chartered Institute of Procurement & Supply (CIPS) Diploma in Inventory Management is a professional qualification designed to provide an understanding of the principles and practices of inventory management. It covers topics such as inventory control, stock replenishment, cycle counting and stocktaking, warehouse operations, and supplier management.

The diploma takes approximately 12 months to complete. It is made up of four modules: Introduction to Inventory Management; Managing Stock Replenishment; Managing Warehouse Operations; and Supplier Management. Each module consists of two written assignments and one practical assessment.

To obtain the CIPS Diploma in Inventory Management, you must have either an A-Level or equivalent qualification in a related subject such as business studies or economics. You must also have at least two years' experience in a role related to inventory management or supply chain management.

The cost for the CIPS Diploma in Inventory Management varies depending on your location and whether you are studying online or face-to-face. Prices typically range from £1,500 - £2,000 for the full course.

Do You Really Need a Inventory Analyst Certificate?

Whether or not you need an Inventory Analyst Certificate depends on your career goals. If you are looking to become an inventory analyst, then it is likely that having a certificate will be beneficial in helping you achieve your goals. Having a certificate can demonstrate to employers that you have the knowledge and skills necessary to work in this field, making it easier for you to find employment. Additionally, a certificate can provide validation of your expertise, allowing you to command higher salaries and better job opportunities than those without the certification.

However, even if you do not plan on becoming an inventory analyst, having a certificate in this field could still provide some benefit. In many industries, employers value employees who have specialized knowledge or skill sets that are applicable across multiple departments or roles. Having the Inventory Analyst Certificate could demonstrate to employers that you possess such skills and make you more attractive as an employee.

Ultimately, whether or not obtaining an Inventory Analyst Certificate is right for you depends on your career goals and how knowledgeable and experienced you already are in this field. If becoming an inventory analyst is something that interests you and/or would benefit your current position, then obtaining the certification may be worth considering.

Related: Inventory Analyst Resume Examples

FAQs About Inventory Analyst Certifications

1. What is an Inventory Analyst Certification?

Answer: An Inventory Analyst Certification is a professional credential that demonstrates an individual’s proficiency in inventory management and analysis. It validates the knowledge and skills necessary for effective inventory control, forecasting, and reporting.

2. Who should pursue an Inventory Analyst Certification?

Answer: Professionals who are involved in the day-to-day operations of managing inventory or who work with inventory data such as buyers, planners, analysts, accountants, and other related roles will benefit from pursuing an Inventory Analyst Certification.

3. Is there any prerequisites to obtaining an Inventory Analyst Certification?

Answer: Yes, most certifications require candidates to have some level of experience or education in the field before they can become certified. This may include courses on supply chain management or a degree in business or accounting.

4. How long does it take to complete an Inventory Analyst Certification?

Answer: The duration of the certification process depends on the type of certification you are pursuing and your prior experience/education level. Generally speaking, most certifications can be completed within 6 months to 1 year if you are dedicated to studying and taking exams regularly.

5. Are there any benefits associated with having an Inventory Analyst Certification?

Answer: Yes! Having a professional certification can help you stand out from other job applicants when applying for positions related to inventory management and analysis, as well as demonstrate your commitment to professional development in the field. Additionally, having a certification may also increase your earning potential as employers often value certified professionals more highly than non-certified candidates.