Masterclass Certificate in Inventory Control for Profitability
-- ViewingNowThe Masterclass Certificate in Inventory Control for Profitability is a comprehensive course designed to equip learners with the essential skills needed to excel in inventory management. This course is crucial for professionals seeking to optimize their organization's inventory levels, reduce costs, and improve profitability.
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Inventory Management Fundamentals
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Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
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Inventory Control Techniques: FIFO, LIFO, and ABC Analysis
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Demand Forecasting and Inventory Planning
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Inventory Valuation Methods: Weighted Average Cost and Specific Identification
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ERP and Inventory Control Systems
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Inventory Performance Metrics: Stock Turnover Ratio, Inventory Days on Hand, and GMROI
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Physical Inventory Management and Cycle Counting
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Vendor Managed Inventory (VMI) and Supplier Relationship Management
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