Global Certificate in Inventory Management in Manufacturing
-- ViewingNowThe 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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โข Inventory Management Fundamentals
โข Types of Inventory: Raw Materials, WIP, Finished Goods
โข Inventory Costs: Acquisition, Storage, Opportunity Costs
โข Inventory Valuation Methods: FIFO, LIFO, Weighted Average
โข Inventory Control Techniques: Economic Order Quantity (EOQ), Reorder Point (ROP)
โข Inventory Planning and Forecasting: Demand Forecasting, Safety Stock Calculation
โข Supplier Management and Relationship Building
โข Technology in Inventory Management: Warehouse Management Systems (WMS), Barcodes, RFID
โข Inventory Performance Metrics: Inventory Turnover, Days Inventory Outstanding (DIO), Stockout Rate
โข Global Inventory Management Challenges and Best Practices
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