Executive Development Programme Inventory Management for Retail

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The Executive Development Programme in Inventory Management for Retail is a certificate course designed to empower professionals with the necessary skills to drive retail inventory efficiency and effectiveness. This program emphasizes the importance of inventory management in retail, where optimized inventory turns, reduced stockouts, and minimized excess stock significantly impact business profitability.

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AboutThisCourse

In today's competitive retail landscape, organizations seek skilled inventory management professionals to meet consumer demands, reduce costs, and enhance customer satisfaction. This course equips learners with essential skills, including demand forecasting, inventory planning, and supply chain management. By completing this program, learners will be able to demonstrate a comprehensive understanding of inventory management best practices and strategic decision-making in retail. This course will not only boost learners' career advancement opportunities but also contribute to their organizations' overall success and growth.

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CourseDetails

• Inventory Management Fundamentals
• Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
• Retail Inventory Management: Cycle Counting, ABC Analysis, and Safety Stock
• Inventory Control Techniques: Economic Order Quantity, Reorder Point Policy
• Inventory Valuation Methods: FIFO, LIFO, and Weighted Average
• Supplier Management and Relationship Building
• Demand Forecasting and Predictive Analytics in Inventory Management
• Technology Tools for Inventory Management: ERP, WMS, and RFID
• Inventory Performance Metrics: Inventory Turnover, Stockout Rate, and Gross Margin Return on Investment
• Case Studies: Best Practices in Retail Inventory Management

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EntryRequirements

  • BasicUnderstandingSubject
  • ProficiencyEnglish
  • ComputerInternetAccess
  • BasicComputerSkills
  • DedicationCompleteCourse

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  • NotAccreditedRecognized
  • NotRegulatedAuthorized
  • ComplementaryFormalQualifications

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CourseFee

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FastTrack GBP £140
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AcceleratedLearningPath
  • ThreeFourHoursPerWeek
  • EarlyCertificateDelivery
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StandardMode GBP £90
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FlexibleLearningPace
  • TwoThreeHoursPerWeek
  • RegularCertificateDelivery
  • OpenEnrollmentStartAnytime
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  • FullCourseAccess
  • DigitalCertificate
  • CourseMaterials
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EXECUTIVE DEVELOPMENT PROGRAMME INVENTORY MANAGEMENT FOR RETAIL
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London School of International Business (LSIB)
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05 May 2025
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