Certificate in Inventory Management Best Practices
-- ViewingNowThe Certificate in Inventory Management Best Practices course is a comprehensive program designed to enhance your understanding of effective inventory management strategies. This course is critical in today's business world, where efficient inventory management is key to reducing costs, improving customer satisfaction, and gaining a competitive edge.
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โข Inventory Management Fundamentals
โข Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
โข Inventory Control Techniques: FIFO, LIFO, and ABC Analysis
โข Demand Forecasting and Inventory Planning
โข Inventory Valuation Methods: Weighted Average, Specific Identification, and Standard Cost
โข Implementing an Inventory Management System
โข Inventory Performance Metrics: Stock Turnover, Fill Rate, and Lead Time
โข Supplier Relationship Management and Inventory
โข Physical Inventory Management and Cycle Counting
โข Continuous Improvement in Inventory Management
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