Certificate in Inventory Essentials for Apparel Brands
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⢠Inventory Basics for Apparel Brands: Understanding the fundamentals of inventory management, including key terms, concepts, and best practices for the apparel industry.
⢠Types of Inventory: Exploring various inventory classifications, such as raw materials, work-in-progress, finished goods, and safety stock.
⢠Inventory Management Techniques: Examining various methods for managing inventory, such as just-in-time (JIT), first-in-first-out (FIFO), and last-in-first-out (LIFO).
⢠Inventory Control Systems: Learning about different inventory control systems, such as manual, periodic, and perpetual systems, and how to choose the right one for your apparel brand.
⢠Demand Forecasting: Understanding the importance of demand forecasting in inventory management and how to use historical sales data to predict future demand.
⢠Inventory Valuation: Learning how to calculate the value of inventory using different methods, such as weighted average cost, specific identification, and standard cost.
⢠Inventory Financing: Exploring different financing options available for inventory management, such as inventory financing, factoring, and asset-based lending.
⢠Inventory Performance Metrics: Understanding key performance indicators (KPIs) for inventory management, such as inventory turnover, stockout rate, and days inventory outstanding (DIO).
⢠Technology Tools for Inventory Management: Discovering different technology tools and software solutions available for inventory management, such as enterprise resource planning (ERP) systems, warehouse management systems (WMS), and inventory management software.
Note: The above list is not exhaustive and may be modified to fit specific training or educational needs.
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