Top 10 Inventory Specialist Certifications

Certifications are important for an inventory specialist in the job market because they demonstrate a level of expertise and knowledge that employers look for when hiring. Certifications can be obtained through professional organizations, such as the American Production and Inventory Control Society (APICS), or through universities and other educational institutions. They show that the individual has taken the time to learn about best practices in inventory management, which is essential for success in this field. Additionally, certifications can provide employers with assurance that the individual is up-to-date on industry standards, making them more likely to be considered for higher-level positions or promotions.

The purpose of this article is to review some of the top certifications for Inventory Specialists and explain how they can enhance an inventory specialist's career.

What are Inventory Specialist Certifications?

Inventory specialist certification is a specialized type of professional certification that provides individuals with the knowledge and skills necessary to effectively manage inventory systems. This certification is most commonly sought after by professionals who work in the fields of logistics, supply chain management, and inventory management.

The primary purpose of inventory specialist certification is to ensure that those working in these areas have the proper training and knowledge to accurately monitor and manage inventory levels. This type of certification helps employers verify that their employees have the skills needed to achieve success in this area.

Inventory specialist certifications provide individuals with a comprehensive understanding of various topics related to inventory management, such as stock levels, replenishment strategies, demand forecasting, material requirements planning (MRP), vendor selection and management, cost control, and more. It also covers topics related to data analysis and reporting, which are essential for making informed decisions about inventory levels.

Having an inventory specialist certification can also help individuals stand out from other job applicants when seeking employment in any field related to inventory management or supply chain management. It demonstrates an individual’s commitment to their profession and shows potential employers that they have the knowledge necessary to be successful in this role. Additionally, having this type of certification can open up new opportunities for career advancement within an organization or industry.

Pro Tip: Make sure that any inventory specialist certification program you are considering is accredited by a relevant professional body. This will ensure that your certification is recognized and respected by employers and other industry professionals.

Related: What does an Inventory Specialist do?

Top 10 Inventory Specialist Certifications

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

1. Certified Inventory Manager (CIM)

Certified Inventory Manager (CIM) is a professional certification program designed to help inventory managers and professionals develop the skills and knowledge necessary to effectively manage their inventory. The CIM certification is offered by the Association for Supply Chain Management (ASCM).

The CIM program consists of two parts: an online course and an exam. The online course covers topics such as inventory management principles, supply chain management, forecasting techniques, and more. It takes approximately 20 hours to complete the online course.

In order to get certified, individuals must pass the CIM exam. The exam is administered by Prometric Testing Centers in more than 160 countries around the world. The cost of the exam varies depending on location but typically ranges from $200-$400 USD.

Once certified, individuals will receive a digital certificate that can be used to demonstrate their expertise in inventory management and earn higher salaries or promotions in their current positions.

2. Certified Inventory Specialist (CIS)

Certified Inventory Specialist (CIS) is a professional certification program that provides individuals with the knowledge and skills to effectively manage inventory in a variety of settings. The program focuses on topics such as inventory management, cost accounting, forecasting, and data analysis. It also covers the principles of supply chain management, including procurement and distribution.

The CIS certification is administered by the Institute for Supply Management (ISM). To become certified, applicants must pass an exam that tests their knowledge in the areas mentioned above. The exam consists of 150 multiple-choice questions and takes approximately three hours to complete.

To get started with the CIS certification process, applicants must first register with ISM and pay a fee of $250 USD. After registering, they will receive access to study materials and be able to take practice exams. Once they have studied sufficiently, they can then schedule their official exam at one of ISM's testing centers located throughout the United States and Canada.

The cost of becoming a Certified Inventory Specialist includes the registration fee ($250 USD), study materials (varies depending on which materials are purchased), and the cost of taking the exam ($295 USD).

3. Certified Professional Inventory Manager (CPIM)

Certified Professional Inventory Manager (CPIM) is a certification program offered by the Association for Operations Management (APICS). The CPIM program is designed to help inventory managers and supply chain professionals gain the knowledge and skills necessary to effectively manage inventory in an organization.

The CPIM program consists of two parts: Part 1 focuses on the fundamentals of supply chain management, while Part 2 covers advanced topics such as forecasting, capacity planning, and customer service. To become certified, an individual must successfully pass both parts of the exam.

It typically takes about 8-10 months to complete the CPIM program. During this time, individuals must complete five self-study modules and take two exams. The modules cover topics such as supply chain fundamentals, inventory management principles, demand planning, master scheduling, and distribution requirements planning.

To get certified in the CPIM program, individuals must register with APICS and pay a fee of $695 for members or $895 for non-members. Once registered, individuals can access online study materials and practice tests to prepare for the exams. After passing both exams with a score of 70% or higher, individuals will be awarded their CPIM certification.

4. Certified Professional Purchasing Manager (CPPM)

Certified Professional Purchasing Manager (CPPM) is a professional certification that is offered by the Institute for Supply Management (ISM). It is a globally recognized credential that demonstrates an individual’s expertise in purchasing and supply chain management. To obtain the CPPM, individuals must pass a comprehensive exam that covers topics such as procurement, contract management, supplier relationships, inventory control, and logistics.

It typically takes between six months and one year to prepare for the CPPM exam. During this time, individuals should focus on studying the ISM’s Body of Knowledge (BoK), which outlines the topics that will be covered on the exam. Additionally, it is recommended that individuals take advantage of study materials such as practice exams and online courses to ensure they are adequately prepared for the test.

In order to become certified as a CPPM, individuals must submit an application to ISM along with a fee of $495 USD. Once their application has been approved by ISM, they can then register for the exam and pay an additional fee of $395 USD. After passing the exam, individuals will receive their official CPPM certification from ISM.

5. Certified Supply Chain Professional (CSCP)

Certified Supply Chain Professional (CSCP) is an internationally recognized professional certification program that provides supply chain professionals with the knowledge and skills to create and manage a successful supply chain. The CSCP program was developed by the Association for Supply Chain Management (ASCM), formerly known as APICS, in 2006.

The CSCP program takes approximately one year to complete. It is divided into three parts: Learning System, Exam Preparation, and Exam. The Learning System consists of a comprehensive online learning system that covers topics such as demand planning, customer service, inventory management, global logistics, and more. After completing the Learning System, students must pass a two-hour exam in order to receive their certification.

To get certified as a CSCP you must first purchase the CSCP Learning System from ASCM's website. The cost of the Learning System varies depending on whether you are an ASCM member or not; non-members can expect to pay around $1,500 for the system while members will pay around $900. Once you have purchased the system you can begin studying for your exam.

Once you have completed your studies and feel ready to take the exam, you can register for it through ASCM's website at a cost of $695 for members and $995 for non-members. You will then be able to schedule your exam at one of their testing centers located throughout the world. Upon successful completion of your exam you will receive your official CSCP certification from ASCM which is valid for three years before needing renewal.

6. Certified Logistics Technician (CLT)

Certified Logistics Technician (CLT) is a professional certification program designed to recognize and validate the knowledge, skills, and abilities of logistics personnel. The CLT certification is offered by the International Society of Logistics (SOLE), a non-profit organization that promotes excellence in logistics education, training, and research.

The CLT certification requires applicants to have a minimum of two years of experience in logistics or supply chain management. Those who meet the eligibility requirements must then complete an online exam consisting of 200 multiple choice questions. The exam covers topics such as inventory management, transportation management, warehousing operations, customer service, and quality assurance.

It typically takes about three months to prepare for the CLT exam. Applicants should plan on studying for at least 10 hours per week during this time period. Preparation materials are available through SOLE’s website and include study guides, practice tests, and webinars.

The cost of the CLT certification is $395 USD plus applicable taxes and fees. This fee includes access to all preparation materials as well as the cost of taking the exam. Upon successful completion of the exam, applicants will receive their official CLT certificate from SOLE.

7. APICS Certified in Production and Inventory Management (CPIM)

APICS Certified in Production and Inventory Management (CPIM) is a professional certification program designed to provide individuals with the knowledge and skills required to effectively manage production and inventory activities within an organization. The CPIM program was developed by APICS, which stands for the Association for Operations Management.

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 concepts, inventory control techniques, production planning strategies, resource utilization methods, and quality management principles. Upon successful completion of all five courses and passing the corresponding exams, individuals are awarded the CPIM designation.

The entire CPIM program typically takes between 12-18 months to complete depending on how quickly an individual is able to study and pass each exam. In order to get started with the CPIM program, individuals must first become a member of APICS or purchase a self-study package from their website. The cost of membership varies depending on the type selected with the lowest being $150 USD per year. The self-study package costs $1125 USD for all five courses plus access to online study materials.

Once an individual has become a member or purchased the self-study package they can then register for each course individually at any time throughout their membership period or one-time purchase window respectively. After registering for each course they will receive access to online study materials which include practice exams that can be used to help prepare for the final exam associated with each course. Once all five courses have been completed successfully they will receive their official CPIM designation from APICS along with recognition within their industry as a certified professional in production and inventory management.

8. International Warehouse Logistics Association Certification (IWLA-C)

The International Warehouse Logistics Association (IWLA) Certification (IWLA-C) is a professional designation for individuals who have demonstrated the knowledge and skills necessary to manage warehouse logistics operations. The certification program is designed to provide a comprehensive understanding of the principles, practices, and techniques required for successful warehouse operations.

IWLA-C certification is obtained through an online exam that covers topics such as inventory control, purchasing and procurement, transportation management, customer service, warehouse layout and design, safety and security protocols, and more. The exam consists of multiple choice questions and takes approximately two hours to complete.

To be eligible to take the IWLA-C exam, applicants must have at least three years of experience in a warehouse logistics position or related field. Applicants must also demonstrate knowledge of warehouse operations by completing an online course offered by IWLA.

The cost of taking the IWLA-C exam varies depending on whether you are a member of IWLA or not. For non-members the cost is $495 USD; for members it is $395 USD. Once you have successfully completed the exam you will receive your official IWLA-C certificate within four weeks.

9. American Production and Inventory Control Society Certification (APICS-CPIM)

The American Production and Inventory Control Society (APICS) Certified in Production and Inventory Management (CPIM) certification is a professional credential that demonstrates a comprehensive understanding of the principles of production and inventory management. It is designed to give professionals an edge in the competitive job market, as well as provide employers with an assurance that their employees have the knowledge needed to effectively manage production and inventory operations.

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. The courses can be completed online or through classroom instruction. The entire program typically takes between six months to one year to complete.

In order to receive the CPIM certification, individuals must pass all five exams associated with the program. Each exam costs $295 USD for APICS members and $395 USD for non-members. Additionally, there is a $50 USD fee for each course taken online or through classroom instruction.

Once all exams have been passed, individuals will receive their CPIM certification from APICS. This certification is valid for three years from the date it was earned; after three years, individuals must retake any expired exams in order to maintain their certification status.

10. Institute of Supply Management Certification in Purchasing and Supply Management (ISM-PSM).

The Institute of Supply Management (ISM) Certification in Purchasing and Supply Management (ISM-PSM) is a professional certification program designed to recognize individuals who have achieved a high level of excellence in their field. The ISM-PSM certification is the only globally recognized certification for the purchasing and supply management profession.

The ISM-PSM program consists of three levels: Certified Professional in Supply Management (CPSM), Certified Professional in Supplier Diversity (CPSD), and Advanced Certified Professional in Supply Management (ACPSM). Each level requires successful completion of an exam, as well as meeting certain experience requirements.

To become certified at any level, you must first apply online to take the exam. After being approved, you will need to register for the exam and pay the applicable fee. Once registered, you will be able to select a date and location to take the exam.

The cost of taking the exams varies depending on which level you are taking. The CPSM exam costs $450 USD, while the CPSD and ACPSM exams cost $550 USD each. Additionally, there is an annual maintenance fee of $150 USD per year after passing all three levels of certification.

It typically takes between 6-18 months to complete all three levels of certification, depending on your study habits and availability for taking the exams.

Do You Really Need a Inventory Specialist Certificate?

No, you do not need an Inventory Specialist Certificate to become a successful inventory specialist. However, having an Inventory Specialist Certificate can make you more attractive to potential employers and demonstrate your knowledge of the field. It can also provide you with additional credibility and help set you apart from other job applicants.

An inventory specialist certificate is typically offered by a professional organization or educational institution. This type of certification program typically requires completion of coursework as well as hands-on experience in the field. Depending on the program, topics may include warehouse management, inventory control systems, logistics operations, data analysis, financial reporting and supply chain management.

In addition to providing valuable knowledge and skills related to inventory management, earning an Inventory Specialist Certificate shows potential employers that you are committed to improving your skillset and keeping up with the latest industry trends. It also demonstrates that you have invested time and money into furthering your education in this particular area of expertise.

Ultimately, whether or not you choose to pursue an Inventory Specialist Certificate is a personal decision based on your individual career goals and objectives. If you feel that having a formal certification will be beneficial for your career path then it may be worth pursuing; however if not, there are still many other ways to gain experience in the field such as through internships or volunteering opportunities.

Related: Inventory Specialist Resume Examples

FAQs About Inventory Specialist Certifications

1. What is an Inventory Specialist Certification?

Answer: An Inventory Specialist Certification is a professional certification that shows employers that you have the necessary knowledge and skills to effectively manage the inventory of a business. It demonstrates proficiency in areas such as inventory control, supply chain management, and asset tracking.

2. What are the benefits of obtaining an Inventory Specialist Certification?

Answer: Obtaining an Inventory Specialist Certification can help you stand out from other job applicants, increase your earning potential, and open up new career opportunities. It is also beneficial for employers as it ensures that their inventory processes are managed effectively and efficiently.

3. How do I obtain an Inventory Specialist Certification?

Answer: To obtain an Inventory Specialist Certification, you must first complete a training program or course covering topics such as inventory control, supply chain management, and asset tracking. After completing the program or course, you will need to pass a certification exam to become certified.

4. How long does it take to obtain an Inventory Specialist Certification?

Answer: The time it takes to obtain an Inventory Specialist Certification depends on the individual's experience level and how quickly they are able to learn the material covered in the training program or course. Generally speaking, it can take anywhere from six months to one year to complete all of the necessary requirements for certification.

5. Is there any cost associated with obtaining an Inventory Specialist Certification?

Answer: Yes, there may be some costs associated with obtaining an Inventory Specialist Certification depending on which training program or course you choose to pursue. Be sure to research different programs or courses thoroughly before making your decision in order to find one that fits your budget while still providing quality instruction.