Masterclass Certificate in Inventory Management Principles
-- ViewingNowThe Masterclass Certificate in Inventory Management Principles is a comprehensive course designed to equip learners with essential skills for career advancement in inventory management. This course focuses on critical concepts, including demand forecasting, supply chain management, and inventory control techniques.
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โข Inventory Management Fundamentals
โข Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
โข Inventory Costs: Acquisition, Storage, and Opportunity Costs
โข Inventory Valuation Methods: FIFO, LIFO, and Weighted Average
โข Inventory Control Techniques: Economic Order Quantity (EOQ) and Reorder Point Analysis
โข Inventory Planning and Forecasting: Demand Analysis and Safety Stock Calculation
โข Lean Inventory Management and Just-In-Time (JIT) Techniques
โข Implementing an Inventory Management System
โข Inventory Performance Metrics: Inventory Turnover, Stockout Rates, and Carrying Costs
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