Certificate in Inventory Management: High-Impact Strategies
-- ViewingNowThe Certificate in Inventory Management: High-Impact Strategies is a comprehensive course designed to equip learners with essential skills for career advancement in inventory management. This program focuses on high-impact strategies that can optimize inventory processes, reduce costs, and improve operational efficiency.
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โข Introduction to Inventory Management
โข Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
โข Inventory Control Techniques: Just-In-Time (JIT), First-In-First-Out (FIFO), and Economic Order Quantity (EOQ)
โข Inventory Valuation Methods: Last-In-First-Out (LIFO), First-In-First-Out (FIFO), and Weighted Average Cost (WAC)
โข Inventory Costs: Carrying Costs, Ordering Costs, and Stockout Costs
โข Inventory Management Metrics: Inventory Turnover, Stockout Rate, and Carrying Cost Percentage
โข Inventory Management Software and Tools
โข Supplier Relationship Management and Negotiation Strategies
โข Case Studies: Successful Inventory Management Strategies in Real-World Scenarios
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