Advanced Certificate in Inventory Management for SMBs
-- ViewingNowThe Advanced Certificate in Inventory Management for SMBs is a comprehensive course designed to enhance your skills in managing and optimizing inventory for small and medium-sized businesses. This certificate course emphasizes the importance of effective inventory management in reducing costs, improving efficiency, and driving business growth.
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โข Inventory Management Fundamentals
โข Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
โข Inventory Valuation Methods: FIFO, LIFO, and Weighted Average
โข Inventory Control Techniques: ABC Analysis, Reorder Point System, and Safety Stock
โข Demand Forecasting and Inventory Planning
โข Technological Tools for Inventory Management: ERP, WMS, and Barcode Systems
โข Inventory Performance Metrics: Inventory Turnover, Stockout Rate, and Carrying Cost
โข Supplier Relationship Management and Negotiation Strategies
โข Inventory Management Best Practices for Small and Medium Businesses (SMBs)
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