Global Certificate in Inventory Management Strategies

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The Global Certificate in Inventory Management Strategies is a comprehensive course designed to equip learners with essential skills for career advancement in inventory management. This certificate program focuses on enhancing your understanding of inventory management strategies, demand planning, and supply chain management.

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About this course

It is ideal for professionals seeking to improve their expertise and knowledge in inventory management, including procurement specialists, supply chain analysts, and operations managers. With the increasing demand for efficient inventory management practices, this course provides learners with the latest tools and techniques to optimize inventory levels, reduce costs, and improve customer satisfaction. The program covers critical topics such as inventory control systems, demand forecasting, inventory valuation methods, and supply chain analytics. By completing this course, learners will be able to demonstrate a deep understanding of inventory management principles and strategies, making them more competitive and valuable in the job market.

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Course Details

• 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

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