Yes, INDUCTIONS is a Scrabble word!

Letter values in Scrabble US: I 1, N 1, D 2, U 1, C 3, T 1, I 1, O 1, N 1, S 1.

Is it a valid word?

INDUCTIONS is a valid word in the official Scrabble dictionary (US), the UK Scrabble Dictionary and Words with Friends (ENABLE).

a formal entry into an organization or position or office
an electrical phenomenon whereby an electromotive force (EMF) is generated in a closed circuit by a change in the flow of current
reasoning from detailed facts to general principles
stimulation that calls up (draws forth) a particular class of behaviors
the act of bringing about something (especially at an early time)
an act that sets in motion some course of events

Also: inductive reasoning.