The e-Learning – Certiﬁcate Program in Commodity Warehousing Management [CPWM] offered by NISM is expected to support the rapid growth of the industry i.e. warehousing management skillsets and its efforts to connect commodities to the ﬁnancial sector. CPWM is an integrated eLearning program that will fulﬁl the training needs to handle the modern warehousing sector’s functional complexities, operational challenges, emerging linkages with the financial sector and compliance needs. It is a unique program that attempts to provide the nuances involved in handling all warehousing functions, from the basic warehousing operations to the application of modern technologies in warehousing, management of workforce, ﬁnancing of commodities and the warehousing sector, insuring commodities and storages, documentation, warehousing audit, warehousing risks and their management, WDRA and related regulatory compliances, and services such as grading and packing.
Who should take this Course?
This program is suitable for fresh Agriculture Graduates, Science and other Graduates who would like to be a part of the rapidly evolving warehousing sector and the financial institutions that are financing commodities.
This program will also be helpful for Individuals with an entrepreneurial bent of mind aspiring to provide commercial commodity-warehousing services to the supply chain stakeholders. The knowledge of Warehouse Management, Warehousing Finance and HR Management will help them manage warehousing as a commercially attractive enterprise.
This program will be useful for professionals with at least one year of experience in the warehousing industry/vaults/cold storage/Logistics industry/ clearing corporations of the exchanges to obtain professional knowledge of warehouse management and to appropriately position themselves for their future career growth prospects and entrepreneurial aspirations, if any. It will help them hone their skills in risk management in commodity storage and enable them to set up cost-efficient compliance regimes leveraging the latest technological advances and their applicability to the ﬁeld of scientiﬁc warehousing and storage compliance management.
Professionals working as managers in Farmer Producers Organizations also providing warehousing facilities will ﬁnd the course to be helpful in connecting the warehoused commodities and hence their member stakeholders to the ﬁnancial sector.
It will help the participants connect current warehousing service providers to become a part of the regulated warehousing industry with best practices related to all warehousing functions, creating commercial value besides winning the trust of all the stakeholders ranging from farmers and producers to the ﬁnanciers of the stored commodities.
This program aims to train the participants with the best practices in the warehousing management industry besides making warehousing a commercial and an economically viable activity contributing to the overall development of the commodity value chain at the time when the country is aspiring itself to become a manufacturing hub and a part of the indo-paciﬁc supply chain.
The Course is offered in the e-Learning mode, helping event the working executives complete these 55 hours of learning at their own pace successfully passing each session. Access to e-books and Video Sessions will be valid for six months from the registration date. Candidates can also take up the certification options after completing the video-based learning to be a certified commodity warehousing professional.
Details of the study materials
The study material would be provided to the candidates in the e-book format after registering for the program.
|Modules||Particulars of the Module|
|Warehousing Industry Ecosystem and Evolution – A Overview
This introductory module highlights the importance of the warehousing industry in the country and examines its role in the marketing of commodities. It examines the origin and evolution of the warehousing industry in India and the World, besides introducing the ecosystem of various commodities.
|Commodities, Markets, Warehousing and Assaying
This section provides a detailed proﬁle of signiﬁcant commodities concerning commodity trading and warehousing. It also includes the signiﬁcance of the quality testing of commodities and essential quality parameters affecting the storability and valuation of the commodities. An introduction has been made to commodity futures, trading & surveillance in commodity exchange and the different approaches to analysing commodity prices.
|Warehousing – Operations, Finance, Risk and Audit Controls
This is the most critical module that deals with warehouse operation, risk management and other associated functions. It details the different Standard Operating Procedures being applied at different operations levels. It highlights the details of collateral ﬁnance and structured trade ﬁnance, considered the alternate source of ﬁnance for various commodity value-chain players. This module also highlights the importance and process of implementation of audit functions. This section also deals with the type of insurance required in the commodity warehousing industry and details the dos and don’ts to be followed for successful claim settlement in case stored commodities are lost.
|Legal & Institutional Signiﬁcance in Warehousing (Human relations and ethics)
This module deals with the various aspects of human resource management and the critical government and private entities associated with the commodity warehousing industry. On the human resource management side, we have speciﬁc sessions on conﬂict management, stress management, the process of motivation and activities taken up by the HR team to ensure that the employees of the organisation work in the best possible environment. This module also deals with the role of regulators of the warehousing industry and the importance of Repositories in warehouse receipt ﬁnancing. This module also details the functioning of the organisations such as FCI, NAFED, NABL, FSSAI and other electronic platforms related closely to the commodity-warehousing ecosystem.
| Modern Technological Interventions and Future of Warehousing Industry
This module highlights the application of the new edge technology in commodity warehousing. It details how the technology-enabled warehousing management system would bring cost and time efficiency to various storage-related operations. This module details the application of Artiﬁcial Intelligence and Image Sensing in quality testing of various commodities and introduces the application of Block chain technologies and the Internet of Things (IoT) to bring efficiency into its operations and make storage a cost-efficient activity.
The Course is designed in an e-Learning mode, and the working executives can complete these 55 hours of learning at their own pace after successfully passing each session. Access to e-books and Video Sessions will be valid for six months from the registration date.
Details of the study materials:
The study material would be provided to the candidates in the e-book format after registering for the program.
|Book – 1||Warehousing Industry Ecosystem and Evolution – An Overview|
|Book – 2||Commodities, Markets, Warehousing and Assaying|
|Book – 3||Warehousing – Operations, Finance, Risk and Audit Controls|
|Book – 4||Legal & Institutional Signiﬁcance in Warehousing (Human relations and ethics)|
|Book – 5||Modern Technological Interventions and Future of Warehousing, Industry|
The e-books would act as the guiding tool for the registered candidates.
The e-Learning – Certiﬁcate Program in Commodity Warehousing Management [CPWM] provides two options to the candidates. The options are:
1. Certiﬁcate of Participation in the eLearning Program:
The registered candidate would have access to the recorded sessions and the online study material for all ﬁve modules. All the modules and the sessions should be accessed in a speciﬁc sequence as detailed in the course content.
Once all the sessions are completed, the candidate will receive the certiﬁcate of participation.
The fee structure for the certiﬁcate of participation is detailed as under:
|Fee Type||Participant Type||Fee per candidate in ₹ *||Discount||Fee Per Candidate (After Discount ) in ₹ *||Criteria
(No of Candidates)
|Corporate||6000||33%||4000||10 or more|
|25%||4500||Min of 5 up to 9|
|Academic Institutions||6000||25%||4500||Min of 5 up to 9|
|37%||3800||10 or more|
*All fees mentioned are exclusive of applied taxes.
Those desirous of becoming a certified commodity warehousing professional shall apply for the same, appear for the examination and pass through the same subject to the terms of conditions.
2.To get the Certiﬁcate of a “Certiﬁed Commodity Warehousing Professional”:
All the candidates who register and complete the video sessions will get the participation certiﬁcate. However, candidates who are desirous of getting the Certiﬁcate of a “Certiﬁed Commodity Warehousing Professional”, apart from registering for the Certiﬁcate of Participation, they would have to register for the Final Examination by paying a non-refundable fee of ` 1000 (plus applicable Taxes). Once the candidate clears the exam, the certiﬁcate of Certiﬁed Commodity Warehousing Professional will be awarded.
If the candidate fails to clear the exam, they would have to re-register for the Final Examination by paying an additional non-refundable Final Examination fee of Rs. One thousand only (plus applicable Taxes). Maximum number of attempts allowed would be three.
Examination is conducted once in a quarter and the schedule of the same would be announced to all the registered candidates to prepare themselves for the examination.
If the candidate is not able to complete the Certiﬁcate program in the given 6 months’ time, he/she can seek extended access to the Video Sessions and E-Books for additional 3 months on payment of ` 1600. Maximum number of Extension allowed would be one.
Note: The candidates would not be allowed to appear for the ﬁnal examination after the end of the period of 1st extension.
Course Duration – 6 months
Eligibility – Passed Bachelor’s Degree of minimum 3 years’ duration.
(Applicants in the last year of their bachelor’s degree program and awaiting their final results can apply)
Candidates not meeting the above but having at least one year of experience in the warehousing industry/vaults/cold storage/Logistics industry/ clearing corporations of the exchanges can also apply.
The e Learning – Certiﬁcate Program in Commodity Warehousing Management [CPWM] consist of 54 sessions divided into three video modules. After each session, there would be three Multiple Choice Questions. On a successful attempt to get two of the three questions correct, the candidate would be allowed to go to the next session, and the same would be continued until the last lecture.
After completing the course modules, the candidates desirous of becoming a ‘Certiﬁed Commodity Warehousing Management Professional’ must appear for a remote proctored examination within 6 month from the date of registration of CPWM program. The examination will be multiple choice based, consisting of 100 questions and 2 hours duration. There will be no negative marking. The weightage of modules in the Final Examination will be as follows:
|Module – 1||Warehousing Industry Ecosystem and Evolution – An Overview||10|
|Module – 2||Commodities, Markets, Warehousing and Assaying||25|
|Module – 3||Warehousing – Operations, Finance, Risk and Audit Controls||35|
|Module – 4||Legal & Institutional Signiﬁcance in Warehousing (Human relations and ethics)||20|
|Module – 5||Modern Technological Interventions and Future of Warehousing, Industry||10|
The Final Examination would be held 4 times a year in the months of March, June, September and December, the exact date and schedule of which would be communicated to the candidates via Email after they complete the registration for the exam.