Masterclass Certificate in Inventory Control Foundations
-- ViewingNowThe Masterclass Certificate in Inventory Control Foundations is a comprehensive course designed to provide learners with essential skills for career advancement in inventory management. This program focuses on the importance of inventory control in business operations and the growing industry demand for professionals who can effectively manage and optimize inventory.
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⢠Inventory Management Fundamentals
⢠Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
⢠Inventory Valuation Methods: FIFO, LIFO, Weighted Average, and Specific Identification
⢠Inventory Control Techniques: ABC Analysis, Reorder Point System, and Economic Order Quantity (EOQ)
⢠Inventory Accuracy and Cycle Counting
⢠Inventory Forecasting and Demand Planning
⢠Inventory Systems: Manual, Computerized, and ERP
⢠Supplier Relationship Management and Inventory Control
⢠Inventory Performance Metrics: Inventory Turnover, Stockout Rate, and Carrying Cost
⢠Case Studies on Inventory Control Best Practices
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