Professional Certificate in Inventory Management in Business
-- ViewingNowThe Professional Certificate in Inventory Management in Business is a comprehensive course designed to provide learners with critical skills in inventory management. This certificate course emphasizes the importance of effective inventory control in enhancing business performance, reducing costs, and improving customer satisfaction.
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โข Inventory Management Fundamentals
โข Types of Inventory: Raw Materials, Work-in-Progress, Finished Goods
โข Inventory Costs: Acquisition, Storage, and Opportunity Costs
โข Inventory Valuation Methods: FIFO, LIFO, and Weighted Average
โข Inventory Control Techniques: ABC Analysis, Just-In-Time (JIT), and Economic Order Quantity (EOQ)
โข Inventory Software and Tools: Warehouse Management Systems (WMS) and Enterprise Resource Planning (ERP)
โข Inventory Performance Metrics: Inventory Turnover, Stockout Rate, and Carrying Cost
โข Inventory Management Best Practices and Strategies
โข Case Studies and Real-World Inventory Management Scenarios
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