Professional Certificate in FMCG Inventory Control

• Introduction to FMCG Inventory Control: Understanding the basics of FMCG (Fast-Moving Consumer Goods) inventory control, its importance, and the role of an inventory controller.
• Types of Inventory: Learning about different inventory types such as raw materials, work-in-progress, finished goods, and maintenance, repair, and operating (MRO) supplies.
• Inventory Management Techniques: Exploring various inventory management techniques, including Just-In-Time (JIT), First-In-First-Out (FIFO), Last-In-First-Out (LIFO), and Economic Order Quantity (EOQ).
• Demand Forecasting: Understanding the principles of demand forecasting, including historical data analysis, market trends, and seasonality.
• Inventory Valuation Methods: Learning about inventory valuation methods such as Average Cost, Specific Identification, and Standard Cost.
• Inventory Control Systems: Exploring different inventory control systems, including manual and computerized systems.
• Inventory Performance Metrics: Understanding key performance metrics such as inventory turnover, stockout rate, and inventory days of supply.
• Supplier Relationship Management: Learning about best practices for supplier relationship management, including communication, collaboration, and negotiation.
• Inventory Risk Management: Understanding the risks associated with inventory management, including obsolescence, shrinkage, and supply chain disruptions.