Certificate in Stock Control: Actionable Knowledge
-- ViewingNowThe Certificate in Stock Control: Actionable Knowledge is a comprehensive course designed to equip learners with crucial skills in inventory management. This certification emphasizes the importance of effective stock control in business success, teaching learners to maintain optimal stock levels, reduce costs, and improve customer service.
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โข Introduction to Stock Control: Understanding the basics of stock control, its importance, and the role it plays in inventory management. โข Types of Stock: Learn about different types of stock such as raw materials, work-in-progress, finished goods, and MRO (Maintenance, Repair, and Operations) supplies. โข Stock Control Systems: Explore various stock control systems, including periodic and perpetual systems, and their advantages and disadvantages. โข Inventory Management Techniques: Dive into techniques like First-In-First-Out (FIFO), Last-In-First-Out (LIFO), and ABC Analysis. โข Stock Valuation Methods: Understand how to value inventory using methods such as Weighted Average Cost, Specific Identification, and Standard Cost. โข Stock Control Policies: Learn about setting up reorder points, safety stock levels, Economic Order Quantity (EOQ), and Service Level Agreements (SLAs). โข Inventory Management Software: Get familiar with inventory management software tools, their features, and benefits. โข Physical Inventory Management: Discover best practices for conducting physical inventory counts, including cycle counting and wall-to-wall inventory. โข Stock Control Performance Metrics: Learn about key performance indicators (KPIs) for measuring stock control effectiveness, such as inventory turnover, stockout rates, and carrying costs.
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