Executive Development Programme in Inventory Management Foundations

Name: Executive Development Programme in Inventory Management Foundations
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The Executive Development Programme in Inventory Management Foundations is a certificate course designed to provide learners with essential skills in inventory management. This program highlights the importance of inventory management in organizational success and teaches learners how to implement effective inventory strategies to optimize business operations.

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AboutThisCourse

In today's fast-paced business environment, the demand for skilled inventory managers is on the rise. This course equips learners with the knowledge and skills required to excel in this field, including demand forecasting, inventory control, and supply chain management. By completing this course, learners will gain a competitive edge in their careers and be able to make informed decisions regarding inventory management. They will also have the opportunity to network with other professionals in the industry and gain insights from experienced instructors. In summary, the Executive Development Programme in Inventory Management Foundations is an essential course for anyone looking to advance their career in inventory management. It provides learners with the skills and knowledge needed to excel in this field and stay ahead of the competition.

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CourseDetails

• Inventory Management Foundations
• Types of Inventory: Raw Materials, Work-in-Progress (WIP), Finished Goods
• Inventory Control Techniques: Economic Order Quantity (EOQ), Reorder Point Policy
• Inventory Valuation Methods: FIFO, LIFO, Weighted Average
• Inventory Accuracy and Cycle Counting
• Inventory Systems: Periodic and Perpetual Inventory
• Inventory Costs: Carrying Cost, Ordering Cost, Stockout Cost
• Supplier Relationship Management in Inventory Management
• Inventory Performance Metrics: Inventory Turnover, Stockout Rate, Days Inventory Outstanding (DIO)

CareerPath

The Executive Development Programme in Inventory Management Foundations is designed to prepare professionals for lucrative and rewarding careers in inventory management. This 3D pie chart showcases the distribution of roles within the industry, providing a comprehensive overview of various positions and their respective demands. The data displayed highlights the primary and secondary keywords naturally, engaging users and offering insights into the sector. Inventory Analyst: An inventory analyst is responsible for maintaining optimal inventory levels, ensuring that stock is available when needed and reducing costs associated with excess inventory. With a 35% share in the industry, inventory analysts play a critical role in the supply chain, working closely with other functions to balance supply and demand. Supply Chain Planner: Supply chain planners are in charge of forecasting demand, coordinating production schedules, and managing inventory levels. With a 25% share in the industry, these professionals are essential for maintaining efficient operations and minimizing waste within the supply chain. Inventory Controller: Inventory controllers oversee the daily operations of inventory management, including receiving, storing, and shipping goods. Making up 20% of the industry, inventory controllers ensure accurate inventory records, reduce shrinkage, and maintain high levels of customer service. Demand Planner: Demand planners predict future customer demand for products, enabling organizations to plan their production and inventory accordingly. With a 15% share in the industry, demand planners are crucial for driving sales and improving profitability. Procurement Specialist: Procurement specialists manage the acquisition of goods, services, and materials for an organization. With a 5% share in the industry, these professionals negotiate contracts, evaluate suppliers, and ensure timely delivery of products and services.

EntryRequirements

BasicUnderstandingSubject
ProficiencyEnglish
ComputerInternetAccess
BasicComputerSkills
DedicationCompleteCourse

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FastTrack GBP £140

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AcceleratedLearningPath

ThreeFourHoursPerWeek
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StandardMode GBP £90

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FlexibleLearningPace

TwoThreeHoursPerWeek
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EXECUTIVE DEVELOPMENT PROGRAMME IN INVENTORY MANAGEMENT FOUNDATIONS

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London School of International Business (LSIB)

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05 May 2025

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