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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⢠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
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