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