Certificate in Inventory Planning & Control Essentials
-- ViewingNowThe Certificate in Inventory Planning & Control Essentials is a comprehensive course that equips learners with critical skills for inventory management. This program emphasizes the importance of effective inventory planning and control in achieving operational efficiency and business growth.
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Inventory Management Fundamentals
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Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
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Inventory Costs: Acquisition, Storage, and Opportunity Costs
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Demand Forecasting and Planning
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Inventory Control Techniques: Economic Order Quantity (EOQ), Reorder Point (ROP), and Safety Stock
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Inventory Valuation Methods: First-In-First-Out (FIFO), Last-In-First-Out (LIFO), and Weighted Average
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Inventory Performance Metrics: Inventory Turnover, Stockouts, and Carrying Cost
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Supplier Relationship Management and Vendor-Managed Inventory (VMI)
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Technology Tools for Inventory Planning and Control
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