Global Certificate in Inventory Management in Manufacturing
-- viewing nowThe Global Certificate in Inventory Management in Manufacturing is a comprehensive course designed to provide learners with the essential skills needed to excel in inventory management. This course is critical for professionals seeking to advance their careers in manufacturing industries, where effective inventory management is crucial for business success.
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Course Details
• Inventory Management Fundamentals
• Types of Inventory: Raw Materials, WIP, Finished Goods
• Inventory Costs: Acquisition, Storage, Opportunity Costs
• Inventory Valuation Methods: FIFO, LIFO, Weighted Average
• Inventory Control Techniques: Economic Order Quantity (EOQ), Reorder Point (ROP)
• Inventory Planning and Forecasting: Demand Forecasting, Safety Stock Calculation
• Supplier Management and Relationship Building
• Technology in Inventory Management: Warehouse Management Systems (WMS), Barcodes, RFID
• Inventory Performance Metrics: Inventory Turnover, Days Inventory Outstanding (DIO), Stockout Rate
• Global Inventory Management Challenges and Best Practices
Career Path
Entry Requirements
- Basic understanding of the subject matter
- Proficiency in English language
- Computer and internet access
- Basic computer skills
- Dedication to complete the course
No prior formal qualifications required. Course designed for accessibility.
Course Status
This course provides practical knowledge and skills for professional development. It is:
- Not accredited by a recognized body
- Not regulated by an authorized institution
- Complementary to formal qualifications
You'll receive a certificate of completion upon successfully finishing the course.
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