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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โข Inventory Management Fundamentals
โข Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
โข Inventory Valuation Methods: FIFO, LIFO, Weighted Average, and Specific Identification
โข Inventory Control Techniques: ABC Analysis, Reorder Point System, and Economic Order Quantity (EOQ)
โข Inventory Accuracy and Cycle Counting
โข Inventory Forecasting and Demand Planning
โข Inventory Systems: Manual, Computerized, and ERP
โข Supplier Relationship Management and Inventory Control
โข Inventory Performance Metrics: Inventory Turnover, Stockout Rate, and Carrying Cost
โข Case Studies on Inventory Control Best Practices
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