Global Certificate in Inventory Management Strategies

• Inventory Management Fundamentals
• Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
• Inventory Valuation Methods: FIFO, LIFO, and Weighted Average
• Inventory Costing: Direct and Indirect Costs
• Inventory Control Techniques: ABC Analysis, Reorder Point System, and Safety Stock
• Demand Forecasting and Inventory Planning
• Lean Inventory Management and Just-In-Time (JIT)
• Technology in Inventory Management: ERP, WMS, and Barcode Systems
• Inventory Performance Metrics: Stock Turnover, Days Inventory Outstanding, and Inventory Write-Offs