Certificate in Inventory Management for SMEs
-- viewing nowThe Certificate in Inventory Management for SMEs is a comprehensive course designed to equip learners with the necessary skills to excel in inventory management within small and medium-sized enterprises (SMEs). This course is of utmost importance as effective inventory management is crucial to the success of any business, and SMEs often face unique challenges in this area.
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Course Details
• Inventory Management Fundamentals
• Types of Inventory: Raw Materials, Work-in-Progress, and Finished Goods
• Inventory Control Techniques: FIFO, LIFO, and ABC Analysis
• Demand Forecasting and Inventory Planning
• Procurement and Supplier Management
• Inventory Valuation and Cost of Goods Sold
• Warehousing and Storage Strategies
• Inventory Management Software and Tools
• Performance Metrics for Inventory Management: Stock Turnover Ratio, Inventory Days of Supply, and Carrying Cost of Inventory
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