Certificate Inventory Control Techniques
-- ViewingNowThe Certificate Inventory Control Techniques course is a comprehensive program designed to equip learners with critical skills in inventory management. This course is crucial in today's industry where effective inventory control is a key driver of business success.
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โข Introduction to Inventory Control: Understanding the basics, types of inventory, and the importance of inventory control.
โข Inventory Management Techniques: Techniques such as Just-In-Time (JIT), First-In-First-Out (FIFO), and Economic Order Quantity (EOQ).
โข Inventory Records and Systems: Managing inventory records, barcodes, and inventory management software.
โข Inventory Valuation Methods: Techniques to determine the value of inventory, including Last-In-First-Out (LIFO), Average Cost, and Specific Identification.
โข Physical Inventory Counts: Processes and best practices for conducting physical inventory counts.
โข Inventory Control Tools: Tools such as safety stock, reorder points, and lead time.
โข Supplier Relationships: Building and maintaining relationships with suppliers to ensure timely delivery and quality of goods.
โข Inventory Performance Metrics: Key performance indicators (KPIs) such as inventory turnover, stockout rate, and carrying cost.
โข Inventory Forecasting: Techniques for forecasting demand and adjusting inventory levels accordingly.
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