Certificate in Inventory Strategies for Retail Transformation
-- ViewingNowThe Certificate in Inventory Strategies for Retail Transformation is a comprehensive course designed to empower retail professionals with the skills to optimize inventory management. This certification highlights the importance of effective inventory strategies in driving profitability and customer satisfaction.
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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 Technology in Inventory Management: Barcodes, RFID, and Inventory Management Software
โข Inventory Valuation Methods: Average Cost, Specific Identification, and Standard Cost
โข Supplier Relationship Management and Negotiation Strategies
โข Inventory Performance Metrics: Stock Turnover, Days Inventory Outstanding, and Carrying Cost
โข Inventory Optimization Techniques: Safety Stock, Reorder Point, and Economic Order Quantity
โข Implementing Inventory Strategies for Retail Transformation
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