Certificate in Inventory Performance for Improved ROI

Name: Certificate in Inventory Performance for Improved ROI
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The Certificate in Inventory Performance for Improved ROI course is a valuable professional development opportunity. This program focuses on enhancing learners' skills in inventory management, a critical aspect of supply chain operations.

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AboutThisCourse

In today's competitive business environment, effective inventory management is essential for improving return on investment (ROI). This course provides learners with the latest tools and techniques to optimize inventory levels, reduce costs, and improve customer service. The course covers key topics such as demand forecasting, inventory planning, and performance measurement. Learners will gain hands-on experience with industry-leading inventory management software, preparing them for real-world application. Upon completion, learners will be equipped with the essential skills needed to advance their careers in inventory management and supply chain operations. This course is in high demand across various industries, making it an ideal choice for professionals looking to enhance their skillset and stand out in the job market.

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CourseDetails

• Inventory Management Fundamentals
• Types of Inventory: Raw Materials, WIP, and Finished Goods
• Inventory Control Techniques: FIFO, LIFO, and ABC Analysis
• Demand Forecasting and Inventory Planning
• Inventory Valuation Methods: Weighted Average, Specific Identification, and Standard Cost
• Lean Inventory Management and Just-In-Time (JIT)
• Technology in Inventory Management: ERP, WMS, and IoT
• Inventory Performance Metrics: Turnover, Stockout Rates, and Carrying Cost
• Improving Inventory ROI through Strategic Sourcing and Supplier Relationship Management

CareerPath

The Certificate in Inventory Performance for Improved ROI is designed to equip professionals with the necessary skills to optimize inventory management and contribute to a positive return on investment (ROI). This program is highly relevant in today's job market, as employers increasingly seek experts who can effectively manage inventory performance to reduce costs and enhance overall supply chain efficiency. In this section, we will explore the demand for these roles and the corresponding salary ranges in the UK. Inventory Analyst: An Inventory Analyst is responsible for monitoring and maintaining inventory levels, identifying trends, and providing data-driven recommendations to improve inventory performance. This role has a 75% demand in the UK job market, with an average salary range of £28,000 to £40,000 per year. Supply Chain Specialist: Supply Chain Specialists focus on streamlining supply chain processes and improving operational efficiency. This role has a 60% demand in the UK, with an average salary range of £30,000 to £50,000 per year. Inventory Manager: Inventory Managers oversee inventory control, demand forecasting, and vendor negotiations. This role has a 55% demand in the UK, with an average salary range of £35,000 to £60,000 per year. Procurement Specialist: Procurement Specialists manage supplier relationships, negotiate contracts, and ensure procurement processes align with organizational goals. This role has a 45% demand in the UK, with an average salary range of £28,000 to £45,000 per year. Logistics Coordinator: Logistics Coordinators facilitate the transportation and distribution of goods, ensuring timely and cost-effective delivery. This role has a 40% demand in the UK, with an average salary range of £20,000 to £30,000 per year.

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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TwoThreeHoursPerWeek
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CERTIFICATE IN INVENTORY PERFORMANCE FOR IMPROVED ROI

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London School of International Business (LSIB)

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05 May 2025

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